Summary

Below, we provide initial recommendations for launch parameters for the GMX token on GMX V2, following our new asset listing framework.

Asset Breakdown

Asset Asset Class Market Cap Volume Liquidity
GMX Backed mid-cap $428,407,199 $31,214,417 40

Recommendations

GMX_USD GMX_GMX
Position Impact Exponent 2.2 2.2
Position Impact Positive Factor 2.50E-10 2.50E-10
Position Impact Negative Factor 5.00E-10 5.00E-10
Position Impact Max Positive Factor 0.005 0.005
Position Impact Max Negative Factor 0.005 0.005
Position Impact Max Factor for Liquidations 0 0
Swap Impact Exponent 2 2
Swap Impact Positive Factor 4.00E-09 4.00E-09
Swap Impact Negative Factor 8.00E-09 8.00E-09
Swap Fee Factor (Positive Price Impact) 0.0005 0.0005
Swap Fee Factor (Negative Price Impact) 0.0007 0.0007
Position Fee Factor (Positive Price Impact) 0.0005 0.0005
Position Fee Factor (Negative Price Impact) 0.0007 0.0007
Borrowing Factor Long 8e-9 8e-9
Borrowing Factor Short 8e-9 8e-9
Borrowing Exponent Long 1 1
Borrowing Exponent Short 1 1
Funding Increase Factor 116e-14 140e-14
Funding decrease Factor 0 0
Max funding Factor 2e-8 2e-8
Min funding factor 3e-10 3e-10
Threshold for stable funding 0.05 0.05
Threshold for decrease funding 0 0
Min Collateral 1 1
Min Position size 1 1
Min Collateral Factor 0.01 0.01
Min Collateral Factor OI Long 3.8E-9 3.8E-9
Min Collateral Factor OI Short 3.8E-9 3.8E-9
Max Leverage 100 100
Max Open Interest Long 1,000,000 1,000,000
Max Open Interest Short 1,000,000 1,000,000
Reserve Factor Long 1.05 0.55
Reserve Factor Short 1.05 0.55
Open Interest Reserve Factor Long 1.0 0.5
Open Interest Reserve Factor Short 1.0 0.5
Max PnL Factor Long 0.9 0.9
Max PnL Factor Short 0.9 0.9