GMX will launch a short-term incentive plan of 12 million ARB tomorrow, which will be allocated to liquidity and trading incentives within 12 weeks

2023-11-07 23:07:01ForesightShare to:

According to Foresight News, the decentralized derivatives protocol GMX issued a statement stating that the short-term incentive plan of 12 million ARB allocated by Arbitrum will be launched soon and will be allocated to liquidity and trading incentives within 12 weeks. Among them, up to 2 million ARB can be used as grant incentives for other developers and protocols to promote the development of Arbitrum based on GMX V2. Incentives are distributed once a week, and users can receive ARB airdrop rewards after each cycle.
Liquidity incentives include rewards for GM liquidity providers and incentives for migrating GLP liquidity to the GM capital pool; you can receive ARB transaction fee rebates when trading on GMX. Grant incentives are divided into three categories: small grants with budgets up to $10,000; open grants with budgets up to $100,000.

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Price$1.082 USDPrice Change (24h)-3.84%Trading Volume (24h)$239,032,306.21 USD
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