GMX Development. GMX has switched to an updated Chainlink data feed for wstETH, which is performing well.

04 Nov 2024, 23:15

🫐 GMX Development GMX has switched to an updated Chainlink data feed for wstETH, which is performing well. The configs for the wstETH/WETH and wstETH/USDe markets have now been updated and the 1% sell fee, introduced to prevent toxic flow and harm to LPs, has been lowered. New Take-Profit and Stop-Loss orders on GMX will now be automatically cancelled when the position they're linked to is fully closed. _____________ 🫐 GMX Governance Proposal to Transfer USDC and GMX to GMX-Solana for Initial Liquidity Provision: _____________ 🫐 Avalanche Boost continues Trade on Avalanche and benefit from a ~75% trading fee discount! GM liquidity providers also receive a sizable yield boost in AVAX. Learn more: The previous week of rewards have been delayed and will be distributed along with the current weeks. _____________ 🫐 GMX Ecosystem Tweets GMX is delighted to bring GMX-Solana to the SOL ecosystem with the help of Chainlink Data Streams: Liquidity providers should move from GM to GLV, to benefit from optimised performance: This week’s GMX protocol metrics: Fees from altcoin markets now outpace the fees from ETH+BTC on GMX: Open Interest on GMX is rising rapidly: