SINGAPORE, Jan. 31, 2023 /PRNewswire/ — dappOS introduced as we speak that it has joined forces with decentralized spot and perpetual trade GMX to offer the seamless consumer expertise empowered by the dappOS Web3 working protocol. This collaboration will decrease boundaries to entry for customers to entry GMX’s DeFi features on the Arbitrum and Avalanche blockchains.
Darren Mayberry, Ecosystem Lead at dappOS shares his views on this new product launch: “GMX empowers customers by letting them profit from its low swap charges and 0 value influence trades when leverage buying and selling and market making by GLP. dappOS simplifies the procedures and makes DeFi intuitive, permitting customers to entry GMX seamlessly cross-chain. Collectively, we are able to understand the promise of Web3 for actually democratic decentralized finance.”
GMX is a decentralized spot and perpetual trade that helps low swap charges and 0 value influence trades and allows permissionless leveraged buying and selling. Buying and selling is supported by a novel multi-asset pool, GLP, which earns liquidity suppliers charges from market making, swap charges and leverage buying and selling.
The trade gives providers on the Avalanche blockchain and Arbitrum Layer-2. GMX customers can commerce, hedge and earn yield by offering liquidity for main tokens together with ETH, BTC, AVAX, UNI and LINK. Dynamic pricing is supported by Chainlink oracles and an mixture of costs from main quantity exchanges.
GMX grew to become the highest dApp on Arbitrum by TVL and the main perpetual trade in DeFi, during the last yr. The entire buying and selling quantity on the Ethereum Layer-2 exceeded $80 billion, as of December 2022. An extra $18.4 billion in buying and selling quantity has been realized on the Avalanche blockchain, by greater than 22,400 customers buying and selling on GMX.
The GMX contracts have been audited, you possibly can examine the audit report right here: https://github.com/gmx-io/gmx-contracts/tree/master/audits
Be taught extra about GMX:
dappOS is a Web3 working protocol. dappOS improves Web3 consumer expertise and makes it as frictionless for customers as utilizing their acquainted cellular apps. This helps to beat the same old hurdles for customers, akin to Web3 pockets setup, gasoline token buy and bridge tokens from one blockchain to a different. dappOS was additionally chosen to hitch the Binance incubation program Season5.
dappOS focuses on fixing the difficult points behind the scenes. With its revolutionary resolution, the workflow on dApps may be simplified, and the identical seamless consumer expertise may be supplied to customers from completely different chains. To exemplify, an A-chain consumer can use B-chain dApps by the identical consumer interface as on A-chain. On this approach, dApps can be utilized throughout chains seamlessly, with out incurring distinctive gasoline charges on every chain.
Be taught extra about dappOS:
Expertise the product and unlock extra alternatives as our first batch of customers
dappOS and GMX will collectively manage a collection of campaigns for this thrilling product launch quickly, that includes a brand new referral program with an additional 20% bonus (launch particulars quickly).
Please tune in to our respective Twitter accounts for extra bulletins and marketing campaign particulars.
Entry GMX deployed on Avalanche from a BSC pockets is already supported. Head to the next hyperlink and take a look at our product as we speak: https://gmx.dappos.finance
Upcoming improvement roadmap in February
– Assist purchase/promote/stake GLP/GMX
– Assist Ethereum wallets
The dappOS interface is constructed using the GMX interface from GMX’s github, however could not always be the latest model of the interface.
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