Welcome to the thirty-second edition of the Blueberry Pulse. Our goal is to keep the GMXand Blueberry Club community up to date on the latest news, including partnerships, product launches, governance and ecosystem updates.
Summary :
GMX's weekly revenues
New vote proposals
Use GLP as a collateral on Vesta Finance
Why STFX chose to build on GMX
“BLAT” free Lab item dropped recently
Ecosystem News
GMX's weekly revenues
$3,610,963.71 collected (+47.28% vs last week)
Arbitrum $3,151,643.25 (+50.24%)
Avalanche $435,866.01 (+40.56%)
GMX/ETH Pair $23,454.45 (-46.48%)
New vote proposals
PlutusDAO’s treasury swap proposal with GMX has been put up to a vote
Rage has launched a governance proposal on GMX outlining the details of our delta neutral vault implying that the GMX DAO will participate in a treasury swap with Rage Trade.
Discuss here on whether there is a better way to continue building partnerships
The synthetics contracts will be made public in a few weeks time, the Team proposes to create a labs entity so that the code can be published under a business license. Publishing the code under this license would mean that any forks using the contracts and future interface code will first require approval from GMX DAO. Check here.
Use GLP as a collateral on Vesta Finance
Vesta’s GLP vault is now live which means you can now mint VST using your GLP tokens with users having the possibility to achieve up to 120% APR on their GLP collateral.
Read more about the potential strategies in Vesta’s Medium article or in their thread.
Why STFX chose To Build on GMX
Check out the full article about why STFX chose to build on GMX here.
Read the full break down with the key reasons by 0xAtomist here.
“BLAT” free Lab item dropped recently
This unique looking BLAT (Blueberry Bat) is using his blueberry fruitiness to navigate through the merge !
Supply: 400
Price: Free
Get to know more here
Ecosystem News
Episode #5 with @ajwarner90 from Arbitrum
Last updates on synthetics by Defipleb
Huobi Research’s report covering an introduction and analysis about GMX
Reasons why I think $GMX is undervalued by 2x+, a fundamentals approach to valuation by Sheafson
Interview With $GMX OG @Mark2work
Every GBC is whitelisted for the new Mythical PFPseries
$GMX could be highly undervalued as per BrisketRib
GMX unique users on the rise as noticed by Dumby Crypto
“How do I think things will go after synthetics release” by Tano
Why Protocols who build upon $GMX are eager for $esGMX swaps by Tano
DeFi Talks with DeFi Dad - How GMX Took Over DeFi with Real Yield
Short thread on GMX where it all began and the links we are seeing come to fruition now by mcsparkyg
Comparison of GMX and DYDX by Tundra
The GMX platform doing more than half the volume of DYDX as mentioned by CryptoCondom
ATH daily fees on Arbitrum of $1.05M and ATH weekly fees of $3.5M+ as reported by Crypto Condom
Update for Fees in ETH in Arbitrum for $GMX by Kalcrypto
100k total users and counting for GMX as noticed by Crypto Condom
Summary of the Twitter Space Synapse Protocol by jinxinny
GMX mentioned in a thread by Bungee Exchange
Amazing threads about GMX by Riley and DeFi Surfer
GBC presentation in Chinese by 0x长安