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  3. /GMX
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defi

GMX

A decentralized perpetual futures exchange that runs on Arbitrum and Avalanche.

Definition

A decentralized perpetual futures exchange that runs on Arbitrum and Avalanche. Traders get up to 50x leverage with low fees and minimal price impact. Liquidity providers deposit into the GLP pool and earn fees from traders' activity, including their losses.

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Related Terms

Perpetual Swap

A derivative contract similar to futures but with no expiration date.

Leverage

Borrowing funds to increase your trading position beyond what your capital alone would allow.

DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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