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GMX will launch a short-term incentive plan of 12 million ARB tomorrow, which will be allocated to liquidity and trading incentives within 12 weeks.

GMX will launch a short-term incentive plan of 12 million ARB tomorrow, which will be allocated to liquidity and trading incentives within 12 weeks.

CointimeCointime2023/11/07 15:48
By:Cointime

BOn November 7th, decentralized derivative protocol GMX announced that the 12 million ARB short-term incentive plan allocated by Arbitrum will be launched soon, which will be distributed to liquidity and trading incentives within 12 weeks. Among them, up to 2 million ARB can be used as gift incentives for other developers and protocols, based on GMX V2, to promote the development of Arbitrum. Incentive measures will be distributed once a week, and users can receive ARB airdrop rewards after each cycle ends. Liquidity incentives include rewards for GM liquidity providers and incentives for migrating GLP liquidity to the GM fund pool; trading on GMX can also receive ARB transaction fee rebates. Gift incentives are divided into three categories: small gift budgets not exceeding 10,000 US dollars; public gift budgets can be as high as 100,000 US dollars.

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