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The Pilot Version of GMX Powered by dappOS is Going Live

The Pilot Version of GMX Powered by dappOS is Going Live

dappOS announced today that it has joined forces with decentralized spot and perpetual exchange GMX to provide a seamless user experience empowered by the dappOS Web3 operating protocol.

This collaboration will lower barriers to entry for users to access GMX’s DeFi functions on the Arbitrum and Avalanche blockchains.

Darren Mayberry, Ecosystem Lead at dappOS shares his views on this new product launch:

“GMX empowers users by letting them benefit from its low swap fees and zero price impact trades when leverage trading and market making through GLP. dappOS simplifies the procedures and makes DeFi intuitive, allowing users to access GMX seamlessly cross-chain. Together, we can realize the promise of Web3 for truly democratic decentralized finance.”

Introducing GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and enables permissionless leveraged trading. Trading is supported by a unique multi-asset pool, GLP, which earns liquidity providers fees from market making, swap fees, and leverage trading.

The exchange provides services on the Avalanche blockchain and Arbitrum Layer-2. GMX users can trade, hedge and earn yield by offering liquidity to leading tokens, including ETH, BTC, AVAX, UNI, and LINK. Chainlink oracles and an aggregate of prices from leading volume exchanges support dynamic pricing.

GMX became the top dApp on Arbitrum by TVL and the leading perpetual exchange in DeFi, over the last year. The total trading volume on the Ethereum Layer-2 exceeded $80 billion as of December 2022. An additional $18.4 billion in trading volume has been realized on the Avalanche blockchain by more than 22,400 users trading on GMX.

The GMX contracts have been audited, and you can check the audit report here: https://github.com/gmx-io/gmx-contracts/tree/master/audits

Learn more about GMX:

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What is dappOS?

dappOS is a Web3 operating protocol. dappOS improves Web3 user experience and makes it as frictionless for users as using their familiar mobile apps. This helps to overcome the usual hurdles for users, such as Web3 wallet setup, gas token purchase, and bridge tokens from one blockchain to another. dappOS was also selected to join the Binance incubation program Season5.

dappOS focuses on solving complicated issues behind the scenes. With its innovative solution, the workflow on dApps can be simplified, and the same seamless user experience can be provided to users from different chains. An A-chain user can use B-chain dApps through the same user interface as on A-chain. This way, dApps can be used seamlessly across chains without incurring unique gas fees on each chain.

Experience the product and unlock more opportunities as our first batch of users

dappOS and GMX will jointly organize a series of campaigns for this exciting product launch, featuring a new referral program with an extra 20% bonus (release details soon).

Follow the Twitter accounts for more announcements and campaign details.

Access GMX deployed on Avalanche from a BSC wallet is already supported. Head to the following link and check out the product today: https://gmx.dappos.finance

You can find the original content here: https://www.prnewswire.com/news-releases/the-pilot-version-of-gmx-powered-by-dappos-is-going-live-301735547.html

Andrey Kunev

Reporter at CoinsPress

Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.

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