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tokenomics.md

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tokenomics


  • $GMX:

    • participate in 30% of protocol fees
    • earn escrowed $GMX ($esGMX)
    • earn multiple points that boost yields

  • $esGMX

    • escrowed tokens are earned by staking $GMX or $GLP and can be vested
    • participate in 30% of protocol fees
    • earn escrowed $GMX ($esGMX)
    • earn multiple points that boost yields

  • $GLP

    • community-owned multi-asset liquidity pool
    • the amm uses the pool to serve the decentralized spot exchange (swap) and perpetual contract services
    • no impermanent loss
    • earn 70% of protocol fees
    • earn escrowed $GMX ($esGMX)
    • close positions (withdraw of collateral) triggers $GLP burn mechanism

initial token distribution
  • 45.28% (6.000.000 $GMX) allocated to XVIX and Gambit migration
  • 15.09% (2.000.000 $GMX) allocated to the Floor Price Fund
  • 15.09% (2.000.000 $GMX) allocated to reserve (for vesting from esGMX rewards)
  • 15.09% (2.000.000 $GMX) allocated to liquidity (paired with ETH for liquidity on Uniswap)
  • 7.55% (1.000.000 $GMX) allocated to the presale round
  • 1.89% (250.000 $GMX) allocated to marketing & partnership (distributed to contributors linearly over two years)