GMX Bi-Weekly Update [17/11/2023]

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GMX has launched ARB token distribution, incentive programs, and a proposal for yield-generating liquid pools in GMX V2, which are driving community engagement and innovation, with the community responding positively to the transparency and reduced trading fees. The only minor concern is the complexity of managing incentive programs across different time zones and fluctuating exchange rates.

What is this about?

The discussion is centered on GMX's recent initiatives, including the distribution of ARB tokens, the launch of incentive programs, and the GMX S.T.I.P. proposal. The ARB tokens have been allocated to various incentive categories such as Liquidity Pool, Trading, Migration, and Grants Incentives. The GMX S.T.I.P. proposal focuses on creating liquid perpetual and spot pools for GMX V2, with the goal of being yield-generating and capital-efficient. The community is also informed about the migration campaign, trading fee reductions, and the grants program's progress.

How is the community reacting?

The community is actively engaged with the incentive programs and the migration campaign. The grants program has seen a significant number of applications, reflecting the community's interest and involvement. The detailed updates on incentive distributions and future plans indicate a transparent and communicative approach from the GMX team, which is well-received by the community.

Why this is positive?

  • The incentive programs and migration campaign are driving community engagement and contributing to a robust ecosystem.
  • The grants program is supporting innovation and aligning with the mission to incentivize GMX V2, potentially impacting the GMX and Arbitrum ecosystem positively.
  • The reduction in trading fees to levels comparable to centralized exchanges is likely to attract new traders and reward existing ones.
  • The transparency in reporting platform statistics and future plans builds trust and encourages community participation.

Why this is negative?

  • The only potential negative aspect mentioned is the challenge in implementing and tracking the incentive programs due to factors like time zones and exchange rate fluctuations, as noted by Saurabh2. However, this does not seem to have a significant impact on the overall sentiment of the discussion.

Next actions

No next action has been determined.

Posted 22 days ago

Last reply 8 days ago

Summary updated 8 days ago

Last updated 09/12 13:53