References

Project: https://gmx.io/#/ GitHub: https://github.com/gmx-io Docs: https://gmxio.gitbook.io/gmx/tokenomics Chainlink Oracle: 0xdb98056fecfff59d032ab628337a4887110df3db Twitter: https://twitter.com/GMX_IO?s=20 blog: https://medium.com/@gmx.io Discord: GMX

Summary

This proposal presents Aave with the opportunity to onboard GMX to the Arbitrum v3 Liquidity Pool.

Motivation

GMX is one of the largest DeFi’s offering derivatives and is currently one of the most popular DeFi’s. GMX is also one of the most heavily traded assets and the market demand is very high. It has never been listed on Aave in the past, so it needs to be carefully considered.

Specification

1. About the author of ARC

• LensProfile: https://lensfrens.xyz/0xlide.lens

2. Provide a brief high-level overview of the project and the token

• GMX is a decentralized spot and permanent exchange supporting low swap fees and zero price impact trading GMX is the market leader in Derivatives with $544 million TVL in two deployments and is #20 on Defi Llama’s TVL Dashboard It is ranked #20 on Defi Llama’s TVL Dashboard.

GMX, the platform’s utility and governance token, is ranked #68 above MKR on coingecko’s Market Cap Rank.

3. Token Data

Token contract: 0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a Holders: 250,000 addresses~ Total Supply: 9,000,000 GMX~

4. Maket Data

Market Cap

Volume (24H): $217,622,327.00 Circulating Supply: 8,549,848.00 GMX

Risk Parameters

Parameter	Value
Isolation Mode	Yes
Borrowable	Yes
Collateral Enabled	Yes
Borrow Cap	2.5M
Debt Ceiling	Yes
LTV	45.00%
LT	55.00%
Liquidation Bonus	8.00%
Liquidation Protocol Fee	10.00%
Reserve Factor	20.00%
Variable Base	0.00%
Variable Slope 1	9.00%
Variable Slope 2	300.00%
Uoptimal	45.00%
Silo Borrowing	No
eMode	No

Copyright

Copyright and related rights waived via CC0.