ApeX Protocol
ApeX Protocol
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GMX Official: V2 Trading & Staking Portal
GMX Official is the leading decentralized perpetual exchange on Arbitrum and Avalanche, engineered for deep liquidity and zero price impact. This technical hub serves as the primary resource for navigating GMX V2 Trading, managing GMX Staking Rewards, and accessing the GMX Official Site. By leveraging a unique multi-asset pool structure, GMX bridges the gap between spot execution and advanced leverage trading.
GMX Protocol Architecture
GMX functions as a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
Utility: It allows users to trade BTC, ETH, SOL, and other top cryptocurrencies with up to 50x leverage directly from their wallet.
Ecosystem Role: GMX serves as the liquidity backbone of Arbitrum, providing the "Real Yield" standard where protocol fees are distributed to liquidity providers and token holders in ETH or AVAX.
Core Innovation: Unlike standard AMMs, GMX uses a unique multi-asset pool (GLP for V1, GM for V2) which allows for high-capacity trading without the slippage found on traditional DEXs.
Keeper Nodes & Oracle Architecture
The GMX network relies on a robust system of decentralized Keepers and Chainlink Oracles to maintain system solvency and pricing accuracy.
Keeper Nodes: Keepers are automated bots responsible for executing limit orders, stop-losses, and liquidations. While users do not run validator nodes in the traditional PoS sense, the Keeper network ensures 100% uptime for Arbitrum Leverage Trading.
Oracle Pricing: GMX V2 Trading utilizes Chainlink Data Streams. This low-latency oracle network pushes price updates on-chain only when a trade occurs, preventing front-running and "toxic flow" arbitrage.
System Requirements: Interaction with the GMX dApp requires a Web3-enabled browser (Brave, Chrome) and a non-custodial wallet (Rabby, MetaMask, Coinbase Wallet) configured for the Arbitrum One or Avalanche C-Chain networks.
GMX Staking Rewards & Yield Mechanics
The GMX Staking Rewards model is designed to incentivize long-term liquidity provision over short-term speculation.
GLP Yield Arbitrum: Liquidity providers who mint GLP (V1) or deposit into GM Pool APR markets (V2) earn 70% (V1) or 63% (V2) of platform fees.
esGMX Vesting: Rewards are often paid in Escrowed GMX (esGMX). To convert this to liquid GMX, users must initiate esGMX Vesting, which linearly unlocks the tokens over 365 days while requiring the user to maintain their staked amount.
Multiplier Points (MPs): Long-term stakers earn Multiplier Points (MPs) at 100% APR. MPs boost the ETH/AVAX APR without adding inflation to the circulating supply.
Security, Audits, and Verification
GMX prioritizes user security through immutable smart contracts and strict self-custody principles.
Verification: No KYC or GMX Verification is required. The protocol is permissionless; your wallet address is your identity.
Audits: The GMX smart contracts have undergone rigorous audits by ABDK Consulting and Quantstamp. The GMX Official repositories are open-source and verifiable on GitHub.
Asset Safety: All trading and staking occur via non-custodial smart contracts. Users retain full control of their private keys and can withdraw funds at any time (subject to the 15-minute cooldown period after deposit).
Official Documentation & Reference
Access the verified GMX Official Site resources below:
Whitepaper/Docs: gitbook.gmx.io
Source Code: github.com/gmx-io
Governance Forum: gov.gmx.io
Analytics: stats.gmx.io
Frequently Asked Questions
How do I buy GMX Token? You can Buy GMX Token on centralized exchanges like Binance or Bybit, or decentralized exchanges like Uniswap and Trader Joe on Arbitrum/Avalanche.
Where do I enter a GMX Referral Code? Navigate to the "Referrals" tab on the GMX Official Site. Enter a valid GMX Referral Code to receive a discount on trading fees and generate your own code to earn rebates.
What is the difference between GLP and GM? GLP Yield Arbitrum is based on a basket of assets (Index style), while GM pools are isolated pairs (e.g., ETH-USDC). GM allows for more granular risk management.
Is GMX V2 Trading safe? Yes, GMX V2 Trading separates liquidity pools, meaning a risk in one market (e.g., DOGE) does not affect the solvency of another (e.g., BTC). Always check the GM Pool APR risks before depositing.