DeFi Talks with DeFi Dad - How GMX Took Over DeFi with Real Yield

GMX is a decentralized perpetuals exchange built on Ethereum L2 Arbitrum and Avalanche. GMX launched in 2021 with up to 30x leverage to trade WBTC, ETH, and other blue chip cryptocurrencies. Since then, GMX has traded over $63B with over $76M in fees earned for GMX and GLP stakers.

Join me for an interview with community contributor Fredegar Christensen to talk about life before and after GMX, what GMX enables with a composite pool model to power perpetuals trading, and what the future holds.

00:00 - Intro
02:55 - Fred's background in DeFi / GMX
06:43 - GMX origin story as Gambit on BSC
10:40 - Rebranding to GMX and moving to Arbitrum
23:00 - Screensharing how GMX perpetuals exchange
24:34 - Screensharing how to earn with GLP
28:30 - How borrowing rates play into leverage and fees earned for GLP stakers
29:50 - How fees incentivize deposit / withdrawal of assets from GLP
34:30 - Understanding AUM vs open long/short positions
42:30 - Measures taken to prevent collapse of GLP pool design
45:35 - What's next in the product roadmap for GMX
49:39 - Closing

Learn more about GMX here: gmx.io/#/
Follow GMX on Twitter at: twitter.com/GMX_IO
Follow Fredegar on Twitter at: twitter.com/0xFredChris

Disclaimer:

• All opinions expressed by DeFi Dad and guests are solely their own opinions and do not reflect the opinion of his team at 4RC.
• This interview is for informational purposes only and should not be relied upon as a basis for investment decisions.
• DeFi Dad disclosed he holds GLP at the time of this recording.
• Please do not follow any opinion as an investment strategy.
• Using DeFi and crypto-based gaming applications, wallets, and tools may expose users to risks including, but not limited to, smart contract bugs, systemic risk, flashloan attacks, economic incentive design failures, liquidity crises, admin key exploits, governance exploits, and pegged assets such as stablecoins de-pegging.