🚀 The Yield of Pools on GMX has Skyrocketed
posted 8 Nov 2023
Pools with tokens such as SOL, XRP, ARB and DOGE on the GMX platform are
showing APR above 60% (at the time of writing) after the activation of
Arbitrum incentives.
GMX pool yields at the time of writing Source: app.gmx.io
This increase in yield is the result of GMX being the biggest
beneficiary of the ARB grant from Arbitrum, which was approved by the
community vote in October.
For 12 weeks, 12 million ARB tokens will be distributed among liquidity providers, traders and developers who work with GMX.
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