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GMX

$GMX
Jeroen1Y

I would rate GMX with 4 stars. It's worth noting that the DEX market is highly competitive, with various options that may provide higher leverage, a more established user base, or a broader selection of trading pairs. However, GMX remains a strong platform, and has some unique features that you may find appealing:

  1. Decentralized Margin Trading without KYC.
  2. Leverage up to 30x (50x in alpha).
  3. Reduced Risks of Liquidations: The platform emphasizes reduced risks of liquidations, which is particularly important for traders engaging in margin trading.
  4. Multi-Chain Presence: GMX operates on multiple blockchain networks, including Arbitrum and Avalanche.
  5. Yield Distribution: GMX stands out by distributing 100% of its protocol revenue to token holders.
  6. Escrowed GMX (esGMX) and Multiplier Points (MP): GMX offers unique features such as Escrowed GMX (esGMX) and Multiplier Points (MP) designed for long-term holders.
  7. Low Trading Fees: GMX charges a competitive trading fee of 0.1% per trade, making it cost-effective for users, especially those conducting frequent trades. Show Less
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