TechFlow News — The derivatives protocol GMX has received a $4 million trading reward from the Avalanche Foundation, to be distributed in AVAX tokens over several months. This incentive supports GMX and its partner platforms building on top of it, including TraderJoe, YieldYak, and Dopex.
This reward is part of Avalanche Rush, Avalanche Foundation’s $180 million liquidity mining initiative launched in August 2021 to grow the Avalanche DeFi ecosystem. The program helps mitigate some of the risks associated with providing liquidity on GMX and enables partner protocols to build innovative products atop GMX’s revenue model.Source link
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