GMX GMX

42161 · Arbitrum Ecosystem · Decentralized Finance · Perpetuals

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GMX is the governance token of the GMX protocol, a decentralized perpetual exchange on Arbitrum and Avalanche. It is used to vote on protocol changes and can be staked to earn rewards. Staked GMX earns rewards funded by swap and leverage trading fees, which are converted to GMX through a buyback mechanism, with 30% of all protocol fees channeled back to GMX stakers in the form of ETH or AVAX.