GMX

GMX on FTX

FTX.com proposes to list the GMX token on their spot market with a GMX:USD pair. Introducing the GMX token and platform to a wider audience and marking the first Arbitrum native protocol listed on FTX.

FTX is not seeking marketing investments or listing fees from GMX. GMX may support future co-marketing activities on a case-by-case basis as part of its ongoing marketing.

FTX supports fast withdrawals on Arbitrum and Avalanche for the leading tokens within GLP and will initially offer GMX deposits and withdrawals on Arbitrum and will evaluate expanding to such features for additional chains.

Actions for Approval

Allocate up to 15% of GMX protocol-controlled liquidity from existing platforms to the extent required towards maintaining liquidity for the GMX:USD pair on FTX.com.

Allow core contributors to take all other actions reasonably required to establish the listing and support its ongoing activities in the future.

Protocol controlled liquidity will only be deployed to support spot trading on FTX.com, it is not being approved to support trading on FTX.US or FTX Futures.

Continued support to FTX spot markets using protocol-controlled liquidity is subject to FTX engaging (directly or through contributors) and getting agreement from GMX DAO governance before expansion of GMX trading on other markets including FTX.US and FTX Futures.

GMX Liquidity

Liquidity on Uniswap v3 (Arbitrum) and Trader Joe (Avalanche) are managed by the operational multi-sig.

Liquidity on Bybit Spot is managed by a Market Maker via a software agreement, to ensure that the protocol controlled liquidity is maintained in the appropriate price bands . The same arrangement would be applied for the FTX market.

Discussion: https://gov.gmx.io/t/gmx-on-ftx/554