If you close a position manually, the associated trigger orders will remain open, you would need to cancel them manually if you do not want the order to be active when opening future positions.
GMX is a decentralized exchange that uses a multi-asset liquidity pool, and boasts low swap fees and zero price impact trades. It offers spot and perpetual contracts trading.
An Exchange subscription allows you to talk to IT technicians rather than just service representatives, like you get with Google. If your email ever does go offline for any reason, having support you can rely on is incredibly important.
GMX users can “long” or “short” up to 30 times the size of their collateral by borrowing funds from a large liquidity pool.
GMX differs from such services in that it’s a decentralized exchange that offers leverage trading services. In that respect, it combines a similar experience to other DeFi exchanges like copyright with the leverage trading services offered by the likes of copyright.
Democratization of liquidation profits is defined as the access to, and competition for, liquidations and their resulting profits. Liquidations on Ethereum are typically dominated by keeper bots that compete to liquidate discounted collateral.
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“Integrating Chainlink Data Streams into GMX-Solana will help ensure that our derivatives markets are supported by a decentralised, battle-tested infrastructure that supports a fair trading experience while fully leveraging the performance benefits of Solana.”
For stablecoin tokens, there may be a spread from the Chainlink price of the stablecoin to 1 USD. If Chainlink Data Stream prices are used then the spread would be from the data stream and may not be to 1 USD.
GMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by offering users leverage of up to 30 times https://gmxsol.pro/ their deposited collateral.
If the trade improves the long / short balance or tokens in the pool then there would be a positive price impact, otherwise there would be a negative price impact.
The launch is notable because GMX is utilizing Chainlink Data Streams, which provide high-frequency market data using Chainlink’s infrastructure. Historically, Chainlink has lagged behind competitors like Pyth in providing high-frequency pricing data, resulting in a considerable loss of market share.
How it works is that liquidity providers invest on the index of assets on the platform and receive GLP in proportion to how much they put in. They can then stake GLP in order to earn platform fees resulting from market making, swap fees, and leverage trading.
GMX’s trading platform features a comprehensive user interface. To use any of GMX’s trading facilities, first visit the GMX website.