Arbitrum's Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

A GM pool comprises long tokens, which back positions betting on higher prices, a short token, which bets on lower prices, and an index pool token.

As of Friday, GM pools for DOGE are paying out as much as 45% annualized, while the solana pool is paying 47%. The rates are subject to change. The introduction of V2 could help GMX’s prospects among traders in an increasingly competitive market. Ultimately, attractive rewards and increased revenues could drive value to GMX’s namesake governance tokens gmx .

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