EARN WITHOUT TRADING: GMX is the best dapp ever, or a passing trend?
0#gmx #defi #strategies
Everyone is talking about GMX, but how does it really work and what are the connected risk? Let's discover it together.
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DISCLAIMER
The content provided here is intended for informational purposes only. It should not be considered as financial, legal, or tax advice. The views expressed in this text are solely those of the author and should not be interpreted as the opinions of a licensed financial advisor or registered investment advisor. Please be aware that trading cryptocurrencies involves significant risk, and there is a possibility of experiencing losses. The author does not guarantee any specific results or outcomes. Before making any financial decisions, it is recommended to seek advice from qualified professionals.
00:00 How does it work, is it a good opportunity, a chart that could be a warning
02:00 GMX
02:16 The UI
03:21 How does it work, two main feature
03:57 The leverage
05:36 What is important for you to know, the collateral
05:45 The reason why it is so peculiar
06:17 Two tokens: the GMX Token, The GLP Token
06:39 The peculiarity
07:07 All you have to do
08:28 The whole idea
09:20 The main risk at the moment when you are depositing GLP, the volatility
09:59 The main risk on the other side
10:13 There could be the worst scenario
11:16 The Earn Feature, the metrics
12:21 SQGMX, what does it means
12:46 The whole idea
14:22 How does it work
15:17 A big problem related to the price of GMX
16:01 What is even more incredible
16:21 The point about this big pump
16:38 The chart from Token terminal, the total revenues
18:13 What I would like to see
18:21 Another metric, the Fully Diluted Evaluation
19:43 What we can say right now about this big pump
20:00 The price of GMX compared to the price of other protocols
20:34 In the long term, the only way to increase the price
20:45 One thing that can help GMX to acquire more attraction, UMAMI
21:58 A basic strategy you can use in order to defend yourself while you are using GMX
22:35 Conclusion, suggestions