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TechFlow, April 7 — According to monitoring by Sigma Squared (@SigmaSquared), an old Bitcoin position on GMX v1, a decentralized perpetual contract trading platform, was liquidated, generating over $13 million in borrowing fees. Per the platform's mechanism, 30% of these fees will be used to repurchase the GMX platform token.
According to Sigma Squared (@SigmaSquared) monitoring, an old Bitcoin position on the decentralized perpetual contract trading platform GMX v1 was liquidated, generating over $13 million in borrowing fees. Under the platform's mechanism, 30% of these fees will be used to repurchase the GMX platform token.
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