GMX

With the recent move to the updated Chainlink Datastreams Timestamp oracles, the ability to handle on-chain assets has been improved and unlocks greater possibilities of LSTs, LRTs and alternative stablecoins to be effectively utilized in GMX V2. This has the potential to provide liquidity providers and traders with greater flexibility on utilizing alternative collaterals including those that generate additional yield.

Working with the largest LRT (Lido) and largest yield generating stablecoin protocol (Ethena) provide significant scale to experiment with new markets while also introducing their sizeable communities to GMX

The first asset backing this pool will be wstETH relying on a Datastreams oracle feed for stETH with a multiplier for the wstETH-stETH conversion factor, it also means that LPs and traders utilizing wstETH as collateral will earn an additonal passive yield.

The second asset backing this pool will be USDe relying on a Datastreams oracle feed, that leverages both CEX and low latency DEX liquidity for Oracle pricing. Liquidity Providers will earn points under the Ethena SATS program for their USDe exposure in this market.

Efforts will be made to ensure that cross marketing happens between all partners to build visibility for these new markets to traders and liquidity providers in each community.

Incentives and yield provided by Lido and/or Ethena are not guaranteed and are subject to change without prior notice.

Chaos Labs Risk Report https://gov.gmx.io/t/new-asset-listing-wsteth-usde/3663