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What is GMX?

Engage in trading on a decentralized exchange that offers both on-chain perpetual and spot markets, where you can interact with leading cryptocurrencies such as BTC, ETH, SOL, and many more, all while enjoying leverage options of up to 100x directly from your wallet. You have the opportunity to trade popular cryptocurrencies like BTC, ETH, and AVAX with leverage up to 50x, facilitating trades directly from your digital wallet for convenience. The platform employs a robust set of price feeds to accurately assess liquidation events, thereby safeguarding your investments against short-term market volatility. Enjoy the freedom to enter and exit trades with minimal spreads and no price impact, ensuring that you achieve the best pricing without incurring additional fees. Transition seamlessly into your desired trading position using a simple swap interface, which streamlines the conversion of any supported asset into the position you wish to hold. Currently, GMX operates on both Arbitrum and Avalanche networks, with GMX as the governance and utility token that receives 30% of the fees generated, while GLP, the liquidity provider token, accrues 70% of those fees. GMX creates a decentralized trading environment that not only reduces swap costs but also allows for zero-price impact transactions. This forward-thinking platform not only enhances the overall trading experience, but it also emphasizes user security and operational efficiency, making it a top choice for cryptocurrency traders. With such advanced features, traders can feel more confident in their strategies and decision-making processes.

What is Borabora DEX?

Borabora is a decentralized derivatives protocol that allows traders to open long or short positions with zero price impact, up to 50x leverage, zero spread on blue-chip assets, and no counterparty risks, providing a seamless and efficient trading experience. Traders on Borabora can take advantage of these features to execute trades with optimal costs, leveraging aggregated liquidity for better execution and pricing. The protocol enables traders to open positions with up to 50x leverage without worrying about slippage, making it an attractive choice for both novice and experienced traders. For liquidity providers, Borabora offers the opportunity to supply liquidity to the platform and receive LP tokens, which can then be staked to earn income generated by the protocol, as well as other attractive rewards. Borabora is currently operational on BNB Chain and plans to extend its reach to additional blockchains in the future, enhancing its ecosystem and user base. With a focus on liquidity aggregation, the platform ensures that traders can access the best possible trading conditions, while liquidity providers benefit from a stable, rewarding income stream.

Media

Media

Integrations Supported

MetaMask
WalletConnect
Arbitrum
Avalanche
Axelar
Base App
MUX
RecoveryTools Email Backup Wizard
Telegram
WizzCrypto

Integrations Supported

MetaMask
WalletConnect
BNB Smart Chain (BSC)
Coin98
MathWallet
SafePal
TokenPocket
Trust Wallet

API Availability

Has API

API Availability

Pricing Information

Free
Free Version

Pricing Information

Pricing not provided
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

Android
iPhone
iPad
Mac

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

GMX Exchange

Date Founded

2021

Company Website

gmx.io

Company Facts

Organization Name

Borabora DEX

Date Founded

2022

Company Location

Singapore

Company Website

borabora.ooo/

Categories and Features

DApps

Not specified

Categories and Features

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