GMX (DAO) company
Overview
GMX is a decentralized spot and perpetual exchange protocol, primarily deployed on Arbitrum and Avalanche. It utilizes a multi-asset liquidity pool (GLP in V1) to enable leveraged trading and aims for capital efficiency through its multi-asset model. The GMX token serves as a governance token and entitles holders to a share of protocol fees. In July 2025, GMX's V1 deployment on Arbitrum was exploited for roughly $40 million via a re-entrancy attack on the GLP pool; the attacker later returned most of the funds in exchange for a whitehat bounty, and GMX V2 was unaffected (as of 2026-07-15).
Within the DeFi Intel graph, GMX (DAO) connects to 11 tracked entities, most strongly to GMX v2, ImmuneFi, GMX Liquidity Vaults (GLV).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 11 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched_product | GMX v2 | 95% |
runs_bug_bounty_on | ImmuneFi | 95% |
launched_product | GMX Liquidity Vaults (GLV) | 90% |
announced_deployment | GMX-Solana | 85% |
runs_bug_bounty_on | Sherlock | 85% |
audited_by | Sherlock | 85% |
governs | GMX DAO (Arbitrum) | 85% |
received_grant | GMX Arbitrum STIP Grant | 70% |
led_by | xdev10 | 70% |
Frequently asked questions
What is GMX?
GMX is a decentralized spot and perpetual exchange protocol, primarily deployed on Arbitrum and Avalanche. It uses a multi-asset liquidity pool (GLP) to enable leveraged trading with zero slippage.
What chains does GMX run on?
GMX is primarily deployed on Arbitrum and Avalanche, and has announced a deployment on Solana.
What products has GMX launched?
GMX has launched GMX v2 and GMX Liquidity Vaults (GLV).
Sources
Live news feed, full graph, and search.