ChainCatcher news, according to official sources, the TON Foundation has partnered with GMX to promote innovation in high-frequency trading and transaction fee optimization within the TON ecosystem.The two parties will launch a developer competition, inviting participants to design a groundbreaking perpetual DEX. The competition will last for 2 months, and developers, founders, and users can submit applications in the next two weeks.

ChainCatcher message, according to OKLink monitoring data, 5 minutes ago, 562 ETH (worth $2,173,251) was transferred from an unknown wallet to GMX.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale/institution transferred the last 120,800 GMX (3.63 million USD) from the address to Binance in the past 15 minutes, causing GMX to drop from 30 USD to 28.5 USD.This whale/institution has transferred a total of 388,000 GMX (12.13 million USD) to Binance for sale today, resulting in a loss of 5.82 million USD.

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that at the beginning of June, a whale or institution accumulated 302,000 GMX (worth $13.47 million) through 6 addresses at an average price of $45, which drove the GMX price up by 12%.6 hours ago, this whale/institution transferred a total of 267,000 GMX (worth $8.5 million) from 4 of its addresses to Binance for sale, crashing the GMX price from $33 to $28, a decline of 14%.Buying at $45 in June and now selling at around $30, this whale/institution has incurred a loss of $4 million on GMX.

ChainCatcher message, GMX announced that its token reward distribution is now live, completing the transition from the old ETH-based reward model to the new buyback and distribute GMX model. GMX has just conducted its first GMX token reward distribution, with 30% of GMX V1 fees and 27% of GMX V2 fees being used to buy back GMX tokens and distribute them. The buyback process allows anyone to deposit GMX tokens in exchange for the currently pending distribution of fees.

ChainCatcher message, GMX posted on social media stating that the GMX community has initiated a proposal vote to "change the income distribution model to buyback and distribute GMX," which has received majority support from the GMX DAO and is currently queued for execution.The proposal states that this change aims to leverage the advantages of "buybacks" to enhance GMX's long-term value retention capability, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of "real yields."

ChainCatcher message, GMX announced that "the income distribution model will be changed to buy back and distribute GMX" has passed the snapshot vote and on-chain voting has begun, ending on August 5.It is reported that the proposal suggests changing GMX's current income distribution model from "buying back ETH and distributing ETH" to "buying back GMX and distributing GMX."

ChainCatcher news, according to official sources, GMX has announced the launch of the wstETH-USDe market on Arbitrum. The new ETH-USD market on GMX V2 is supported by bridged wstETH and USDe, offering spot and perpetual futures trading, enabled by Chainlink Data Streams.

According to ChainCatcher's message, the GMX community has initiated a proposal vote on the Snapshot governance page to "change the income distribution model to buy back and distribute GMX," suggesting to alter the current income distribution model from "buying back ETH and distributing ETH" to "buying back GMX and distributing GMX."The proposal states that this change aims to leverage the advantages of "buybacks" to enhance GMX's long-term value retention capability, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of "real yield."

ChainCatcher news, according to a new proposal released by GMX core contributors, the GMX team suggests changing the revenue distribution model from "buyback ETH and distribute ETH" to "buyback GMX and distribute GMX." This proposal aims to leverage the advantages of "buyback" to enhance GMX's long-term value retention capability, optimize user experience, and provide strategic flexibility for the protocol. Specifically, 30% and 70% of the fees from GMX V1, as well as 27% of the fees from GMX V2, will be used to buy back GMX instead of the current WETH and WAVAX. This will create sustained buying pressure for GMX, promoting the stability and growth of the token price. Users can choose to "convert GMX to ETH" or "convert GMX to AVAX" when claiming or compounding, ensuring that the user experience remains unchanged.

ChainCatcher news, the DeFi lending protocol Goldlink announced on social media that it has launched the Arbitrum reward program, which is supported by the decentralized derivatives protocol GMX's grant program. Starting from June 30, the team will distribute 75,000 ARB to lenders in its GMX funding rate farming pool and increase the APY to 20%. Rewards will be distributed weekly, with the total amount distributed each week determined by the lending pool's TVL cap.According to the Web3 asset data platform RootData, GoldLink completed a $1.4 million Pre-Seed round of financing in August 2023, led by Polychain Capital.

ChainCatcher news, according to Ember monitoring, nearly 90,000 GMX have been transferred from Binance to two newly created addresses, worth approximately 4.05 million dollars. In the past day, a total of 5 newly created addresses have withdrawn 302,000 GMX from Binance.

ChainCatcher message, according to Ember monitoring, in the past 13 hours, 3 newly created addresses have withdrawn a total of 9.55 million dollars worth of GMX from Binance.

ChainCatcher news, Binance announced that Binance Staking Borrowing (Flexible Rate) has added Auction (AUCTION), GMX (GMX), and Liquity (LQTY) as loanable assets.

ChainCatcher news, the decentralized derivatives protocol GMX tweeted that it will launch the second round of funding program, and project parties can start applying from June 3rd. The total amount is approximately 600,000 ARB, with a maximum grant limit of 75,000 ARB per application.This round of funding aims to support builders who contribute to further applications on Arbitrum by building on and integrating with GMX V2. Additionally, projects that have already received STIP-Bridge grants, LTIPP grants, or grants from the first round of the GMX funding program will not be eligible to apply for the second round of grants.

ChainCatcher news, according to the Snaphot voting page, the governance vote for the proposal previously released by GMX to establish a GMX token pool and market on GMX V2 has ended. Based on the voting results:Create GMX-USDC token pool and market, then create GMX-GMX, received 98.66% support;Only create GMX-USDC token pool and market, received 1.12% support;Only create GMX-GMX token pool and market, received 0.18% support;Create GMX-GMX token pool and market, then create GMX-USDC, received 0.03% support;Not listing GMX market received 0% support.