_________________. GMX Development Update. • GMX has unlocked Ethereum Mainnet.
09 Jan 2026, 19:49
_________________
🫐 GMX Development Update
• GMX has unlocked Ethereum Mainnet. Any user on Ethereum can now access GMX’s suite of Perp and Spot markets, along with its high-yield liquidity products. Read the full launch article:
• GMX’s blue-chip liquidity products are now fully cross-chain. The most popular GM and GLV tokens are available to buy on Base, BNB Chain, ETH Mainnet, and Arbitrum, and can now also be stored in your self-custody wallet. Learn more:
• Eight new perp markets have been introduced: ZEC, MON, SKY, SYRUP, CHZ, JTO, AR, and DASH.
• The calculation method for the open interest balance has been updated. The new OI calculation is based on the sum of the notional value of positions:
• RPC fallback changes have been introduced, increasing the RPC selection logic reliability for all users
• GMX’s subgraph indexer APIs have migrated from Satsuma to Goldsky. Subgraph is GMX's legacy indexer API, and it is recommended to use the SQD endpoints:
• To keep funding costs reasonable for traders while maintaining attractive conditions for arbitrage funding farmers, GMX is trialling caps on the max paid funding rate. More info:
• Several minor optimizations were implemented to improve the Multichain user experience, the Network selector, and the GMX Account functionality.
_________________
🫐 GMX Ecosystem
• LP Staking is now Live on GMTrade (the rebranded GMX-Solana). Provide liquidity and stake to unlock dual rewards:
• In the past week, the GMX Buyback & Distribute Programme acquired ~16,800 GMX tokens from the open market:
• Most active day yet for GMX multichain, thanks to many users from ETH Mainnet:
_________________
🫐 GMX Governance:
• Gov Proposal: GMX V2 Deployment on MegaETH
• Gov Proposal: GMX Labs Funding Proposal (2026-2027)
• Gov Proposal: Proposal for Fees Rebate Incentive Program (December to March 2026)
• Gov Proposal: Dynamic BBD Adjustment - Capping APR and Accumulating Overhead