GMX V2 beta is now live on Arbitrum and Avalanche mainnet

ChainCatcher message, the decentralized derivatives exchange GMX has announced that the GMX V2 testnet is now live on the Arbitrum and Avalanche mainnets. The new version adds new trading assets such as SOL, XRP, LTC, DOGE, and ARB, and allows trading with multiple collateral types. Additionally, the new oracle system signs prices every block to ensure that orders can be executed at prices closest to the execution price, even in the presence of high trading volumes.

For liquidity providers, V2 will offer liquidity through isolated GM (GMX Market) pools, allowing liquidity providers to customize their risk exposure limited to specific tokens according to their preferences. V2 also introduces incentives for both long and short positions, helping to automatically hedge the risks between liquidity providers and traders' profits. Furthermore, V2 features low-fee trading and new functionalities such as increased trading incentives.