GMX is an on chain derivatives trading platform where you buy a basket of tier 1 assets which other people can trade against. Like LP providing you will be earning trading fees from staking these assets. This basket of assets is called GLP. The baskets have target weights and incentives for investors to buy though the tokens that are below target weights.
GMX is the governance/ reward token that gets paid to stakers.
But the bulk of the rewards is paid in ETH/AVAX depending on Which chain and basket of assets you choose to stake on.
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GMX is an on chain derivatives trading platform where you buy a basket of tier 1 assets which other people can trade against. Like LP providing you will be earning trading fees from staking these assets. This basket of assets is called GLP. The baskets have target weights and incentives for investors to buy though the tokens that are below target weights.
GMX is the governance/ reward token that gets paid to stakers.
But the bulk of the rewards is paid in ETH/AVAX depending on Which chain and basket of assets you choose to stake on.
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