The Arbitrum network is back up after the Nitro upgrade. Trading and swaps can now be done as usual. Note that the arbiscan.io explorer and alternative RPC providers like Alchemy are not back up yet. Status: https://arbitrum.notion.site/arbitrum/External-Arbitrum-One-Nitro-Migration-Infra-Status-Tracker-99c8f27ff4054da08c82c8e48968e9b7 Due to this, transactions may seem slower than usual, once the services are back up the trading experience should be back to normal.

PSA: The Arbitrum Network will be upgraded to Nitro at 2:30 PM UTC on 31/8/22. Please position accordingly as it is likely you will be unable to edit, close or adjust your position while the network is upgrading. More info: https://medium.com/@gmx.io/arbitrum-nitro-5f88c03a46fe Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1564943818646069249 GMX Blueberry Club Dune Dashboard created by Shogun https://twitter.com/jamescliffyz/status/1564593610644803584

There are issues with sending transactions on Arbitrum at the moment, we have notified the Arbitrum team and we are looking into it as well.

Updates for the Week We will be working on the synthetics calculations for liquidity provider tokens and price impact this week. The multi-language version of the GMX site should be deployed this week, preview at: https://lingui.gmx-interface.pages.dev/#/dashboard More of the site will be translated and more languages will be added over the next few weeks. GMX inflation will be further reduced this week, based on the emission schedule voted in: https://snapshot.org/#/gmx.eth/proposal/0xb370249628b2226c6a7e771b2959c3b2e80eada36ad3618a7fc39f964213643e Launch of plvGLP by PlutusDAO https://twitter.com/plutusdao_io/status/1563920844048551937 GMX referrals dashboard updates https://twitter.com/kyzoeth/status/1563730154752548867 GMX staking bot updates https://twitter.com/GMX_Staking_Bot/status/1563278014707666944 GMX Tweets https://twitter.com/minerminer_/status/1563886854906200064 https://twitter.com/defi_dad/status/1562573328266981377

End of Week Updates Added the price feed contracts for synthetics this week, we will be working on the calculations for liquidity provider tokens and price impact next week. FTX listing vote https://snapshot.org/#/gmx.eth/proposal/0x9b76fc333a9c90271c7c3dff976dae8afd9a7518b23d072c53f57c5da9f25880 Plan for Arbitrum Nitro upgrade on Wednesday, 31 Aug 2022 https://twitter.com/GMX_IO/status/1563143258129125376 Blueberry Podcast #4 https://twitter.com/theberrypodcast/status/1562896850612781058 GMX Tweets https://twitter.com/button_fml/status/1562452299099738119 https://twitter.com/floodcapital/status/1562855965287804930 https://twitter.com/crypto_briefing/status/1562886364320120833 https://twitter.com/BFreshHB/status/1562481783232688130

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1562431638076030976 GMX has been integrated into Firebird https://twitter.com/financefirebird/status/1561767094064238595 Debt ceiling of GLP has been increased on Moremoney https://twitter.com/Moremoneyfi/status/1561759731982733314 Recap and recording of spaces with STFX and GMX https://twitter.com/kreitzmanadam/status/1562158854988656645 https://twitter.com/STFX_IO/status/1562427129274703872 GMX Tweets https://twitter.com/northrocklp/status/1561830655696125952 https://twitter.com/flipsidecrypto/status/1561823280650227713 https://twitter.com/GMX_Staking_Bot/status/1562408858508840960 https://twitter.com/21blacky/status/1562170566697750528

Updates for the Week We will be working on the price feed system for synthetics this week. Following the successful update of the Avalanche price feed last week, the price feed contract on Arbitrum will likewise be updated this week. This will allow the price feed to better handle cases where the Chainlink price may not be updated. Blueberry Podcast #3 https://twitter.com/theberrypodcast/status/1560597342465794048 New GmxStaking.com site created by Torii https://twitter.com/0xtorii/status/1561005974059720705 GMX has been added to Laevitas https://twitter.com/laevitas1/status/1560689121508659202 GMX Tweets https://twitter.com/MessariCrypto/status/1560277555340787716 https://twitter.com/crawlieio/status/1560660355398848518 https://twitter.com/poorcapital/status/1560649807273857025 https://twitter.com/coindataschool/status/1560860705691418627

End of Week Updates Added the core exchange functions for synthetics this week, will be working on the price feed system next week. BTC.b has now been added to GLP on Avalanche https://app.gmx.io/#/dashboard Arbitrum Nitro is launching on 31 Aug 2022, there will be a few hours of downtime, we will look into a plan for this to notify traders and help ensure that it goes smoothly https://twitter.com/ArbitrumDevs/status/1560306785122131968 FTX Listing Proposal https://gov.gmx.io/t/gmx-on-ftx/554?u=coinflipcanda Diamond Pepe NFT Whitelist https://twitter.com/DiamondPepes/status/1560270637431930880 GMX Tweets https://twitter.com/DefiantNews/status/1559948334898368514 https://twitter.com/MessariCrypto/status/1560277555340787716 https://twitter.com/Moremoneyfi/status/1560350480756269058 https://twitter.com/BlueberryPulse/status/1560313516531367939 https://twitter.com/0xGreythorn/status/1560116152046882816

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1559879878194987009 We will be sending the transaction to signal an update of the price feed on Avalanche tomorrow, this will allow for the support of BTC.b. Current price feed: https://snowtrace.io/address/0x81b7e71a1d9e08a6ca016a0f4d6fa50dbce89ee3 New price feed: https://snowtrace.io/address/0x205646B93B9D8070e15bc113449586875Ed7288E You can now customize the token you'd like to receive when closing positions: https://twitter.com/GMX_IO/status/1559842193589735425 GMX Tweets https://twitter.com/0xsaitama_/status/1559648884963639300 https://twitter.com/BanklessHQ/status/1559561096935227394

Updates for the Week We will be working on the core Exchange functions for synthetics this week. GMX Tweets https://twitter.com/crypto_condom/status/1558136605398994945 https://twitter.com/cryp_growth/status/1558365845239353346 https://twitter.com/Blockpour/status/1559163902587711488 https://twitter.com/VovoFinance/status/1559026361024786432 https://twitter.com/DeFiSnooper/status/1558561767994773507

End of Week Updates Added the PositionStore and OrderStore contracts for synthetics this week, these contracts will manage the storage of position and order data, also added the Exchange contract with basic functions, will be working on the detailed Exchange functions next week. Position sharing on GMX is now live https://twitter.com/GMX_IO/status/1558093463287058432 New GMX Staking bot created by @readyplayertwo https://twitter.com/GMX_Staking_Bot/status/1556038159825309696 GLP protection launched on Risk Harbor Core V2 https://twitter.com/riskharbor/status/1557849415280238592 Blueberry Pulse #27 https://twitter.com/blueberrypulse/status/1557812839649247232 GMX Tweets https://twitter.com/cryp_growth/status/1558021184331157505 https://twitter.com/IntrinsicDeFi/status/1557932121401880576

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1557364863768354817 Might need a bit more time with the timelocks to add BTC.b, we will aim to list it next week, apologies for the delay. GMX Tweets https://twitter.com/dLuxGMI/status/1557103512064065538 https://twitter.com/xdev_10/status/1557310322440302592 https://twitter.com/RedsTriangle/status/1556978577912070144

Updates for the Week Admins/Mods will not DM you! Please be careful! We will be continuing on the contract development for synthetics this week. Since there are no objections to the BTC.b listing, BTC.b will be added to GLP on Avalanche this week https://gov.gmx.io/t/add-btc-b-to-glp-on-avalanche/471 Updates to https://stats.gmx.io - Date picker added, the UI shows data for the last 2 months by default and you can select any time range - Pool Composition chart added, now it’s possible to see historic pool tokens - Added percentage mode, click on the % icon on any chart to view values in percentages Blueberry Podcast #2 https://twitter.com/TheBerryPodcast/status/1555657893793468418 The GMX Referrals Dashboard has been updated to fully support Avalanche https://twitter.com/s0berknight/status/1555790383971442689 GMX Tweets https://twitter.com/pepeondrugs/status/1555947335535968256 https://twitter.com/thorhartvigsen/status/1556204998526214146 https://twitter.com/danku_r/status/1556311026769006597 https://twitter.com/MilgramStanford/status/1555827909398564864

End of Week Updates Worked on the factory and market contracts this week, the factory contract will be used to create new markets as needed while market contracts will be used to handle LP funds and issue LP tokens. Will be continuing on the contracts development next week. GMX AMA with Moremoney and Yield Yak https://twitter.com/Moremoneyfi/status/1555317008312459265 GMX Tweets https://twitter.com/dLuxGMI/status/1555169721862979589 https://twitter.com/s0berknight/status/1555425949922906113

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1554803669455065089 GMX Tweets https://twitter.com/chaindebrief/status/1554327348392050688 https://twitter.com/treehousefi/status/1554406656561356802

Updates for the Week We will be starting work on the implementation of synthetic contracts this week, will give an update on the components completed at the end of this week Proposal to add BTC.b to GLP on Avalanche https://gov.gmx.io/t/add-btc-b-to-glp-on-avalanche/471 Proposal for a GMX explanation video https://gov.gmx.io/t/creating-a-video-about-gmx-with-defi-teller/470 GMX blocmates podcast with @coinflipcanada https://twitter.com/blocmatesdotcom/status/1553649399414173696 New referrer stats added to GMX Referrals Dashboard https://twitter.com/s0berknight/status/1553017503843921921 GMX staking balances can now be tracked on depocket.com https://twitter.com/depocketfinance/status/1553763414614323201 GMX Tweets https://twitter.com/dadvisoor/status/1553763875228733444 https://twitter.com/mark2work/status/1552989638259785728 https://twitter.com/dadvisoor/status/1553198203901804545 https://twitter.com/dluxgmi/status/1553728767369019392

End of Week Updates Finalized the contract architecture for synthetics this week, looks good so far, will begin converting the architecture to code next week. Twitter space with Moremoney and Yield Yak https://twitter.com/GMX_IO/status/1552671067210227712 Blueberry Pulse #25 https://twitter.com/BlueberryPulse/status/1552732561784422400 Users can now mint VST using GMX while earning yield https://twitter.com/vestafinance/status/1552546380442263552 GMX Tweets https://twitter.com/defisurfer808/status/1552276088004517889 https://twitter.com/TreehouseFi/status/1552564517170688000

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1552277963990786048 GMX Blueberry Club listed on Trove https://twitter.com/trovebytreasure/status/1552000217968304129 GMX Tweets https://twitter.com/thedefinvestor/status/1551620815128444929 https://twitter.com/dexguru/status/1552263509613969412

Updates for the Week We will be finalizing the contract architecture for synthetics this week, converting the architecture to code should begin next week if there are no major issues. The Blueberry Podcast - Episode #1 https://twitter.com/theberrypodcast/status/1550602489837371393 GMX Tweets https://twitter.com/ModestusOkoye/status/1551318332153921545 https://twitter.com/WallStreet_Hunt/status/1551455882780737536

End of Week Updates The main contract architecture for synthetics has been worked out this week, we will be working on polishing the details next week and aim to start converting the architecture to code the week after. GMX podcast with Deus Ex DAO https://twitter.com/deusexdao/status/1550181026340556800 GMX demo video https://www.youtube.com/watch?v=DEDTLlCE_ZQ GMX Dune dashboards on Avalanche https://twitter.com/duneanalytics/status/1550412634964516870 GMX Tweets https://twitter.com/s0berknight/status/1550308240671621122 https://twitter.com/quexi0z/status/1549677186151358464

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1549744935175442441 GLP has been added as a collateral type on Moremoney https://twitter.com/Moremoneyfi/status/1549466080741146626 GMX yield tracking added on tin.network https://twitter.com/tinnetwork_defi/status/1549397647827632134 Please help us to vote for staked GLP to be added on DeBank https://debank.com/vote/14992 GMX Tweets https://twitter.com/0xscxrface/status/1549091284312375296 https://twitter.com/quexi0z/status/1549677186151358464

Updates for the Week We will be working on the contract architecture for synthetics this week, this would cover the details of each contract and the functions they will have. GMX Tweets https://twitter.com/photon0x/status/1548465439155466241

End of Week Updates Did a series of reviews on the model to support synthetics this week, looks alright so far, will proceed with contract implementation next week. Improved GLP vault by Yield Yak https://twitter.com/yieldyak_/status/1547568996022566918 Blueberry Pulse #23 https://twitter.com/BlueberryPulse/status/1547652614287814658 GMX Tweets https://twitter.com/burstingbagel/status/1547308639106478080 https://twitter.com/808_investor/status/1547222469349621761

Weekly Rewards Distribution https://twitter.com/GMX_IO/status/1547243911462387712 GMX has been integrated into ParaSwap on Arbitrum https://twitter.com/GMX_IO/status/1546873046631333890 GMX QuickBites by eli5_defi https://twitter.com/eli5_defi/status/1546875347668414471