# BNB (BNB) **URL:** \ **Category:** Proposed GM Markets\ **Created:** [December 21, 2023, 3:34pm UTC](https://gov.gmx.io/t/bnb-bnb/2941 "2023-12-21T15:34:10Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![coinflipcanda](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/coinflipcanda/32/207_2.png) [@coinflipcanda](https://gov.gmx.io/u/coinflipcanda)\ **Post date:** [December 21, 2023, 3:34pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/1 "2023-12-21T15:34:10Z")
## BNB Listing Symbol: BNB Token Address: TBD (Arbitrum) Listing Chain: Arbitrum Summary: BNB (BNB), previously also known as Binance Coin (BNB), is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. The main utilities of BNB are for trading discounts on Binance and as the gas token for BNB chains. MCAP: $39.5 billion Daily Volume: $2.2 billion Coingecko Link: [https://www.coingecko.com/en/coins/bnb](https://www.coingecko.com/en/coins/bnb) as on December 20, 2023 Status - Chainlink has a Data Streams oracle live for BNB - Chaos Labs has provided preliminary parameters for starting the market (updates to be done by security committee) - Front end provisioning done but not deployed - Provisions in place for synthetic or bridged market (Layerzero/stargate) - Move to Snapshot vote after forum discussion | Recommended Initial Paramaters | BNB | | --- | --- | | negativePositionPriceImpactFactor | 3.8\*10^-11 | | positivePriceImpactFactor | 1.9\*10^-11 | | priceImpactExponent | 2.36 | | borrowingFactor | 1.4\*10^-8 | | borrowingExponentFactor | 1 | | maxLongOpenIntereset/maxShortOpenIntereset | $10M | | openInterestReserveFactor | 0.75 | | reserveFactor | 0.8 | | negativeSwapImpactFactor | 1\*10^-8 | | positiveSwapImpactFactor | 5\*10^-9 | | swapImpactExponent | 2 | ### Price Impact Price Impact and OI caps were set similarly to the recommended SOL configuration due to a similar liquidity profile. ### Borrowing Rates Borrowing parameters were set using the linear model (As pool size is unknown), aiming for 32% APR at 100% utilization and 26.5% APR at 80% utilization. While these values are higher than other markets at time of launch, we aim to bootstrap liquidity fast, assuming traders are not very sensitive to high borrowing rates. ![Untitled](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/847d6e8628d59cda17d667d5f4613244c7a8cce4.png) ### Oracle BNB stream has the same performance as other crypto streams currently used. ![Untitled(1)](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/c0afe057e913dee153bdeae04a786ccf773a69c9.png) ---
**Author:** ![Seraph](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/seraph/32/533_2.png) [@Seraph](https://gov.gmx.io/u/Seraph)\ **Post date:** [December 21, 2023, 3:47pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/2 "2023-12-21T15:47:51Z")
GMX started as Gambit on BSC (now known as BNBChain) Trading BNB on gmx would be sweet. A high quality chain coin with lots of traders interest 🙂 ---
**Author:** ![Tano](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/tano/32/66_2.png) [@Tano](https://gov.gmx.io/u/Tano)\ **Post date:** [December 21, 2023, 4:00pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/3 "2023-12-21T16:00:51Z")
Big yes. Back to the roots of Gambit. ---
**Author:** ![Wazi](https://avatars.discourse-cdn.com/v4/letter/w/919ad9/32.png) [@Wazi](https://gov.gmx.io/u/Wazi)\ **Post date:** [December 21, 2023, 4:38pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/4 "2023-12-21T16:38:38Z")
i am fully pro this proposal ---
**Author:** ![MuzTSH](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/muztsh/32/1097_2.png) [@MuzTSH](https://gov.gmx.io/u/MuzTSH)\ **Post date:** [December 21, 2023, 4:48pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/5 "2023-12-21T16:48:34Z")
Highly supporting it !!! ---
**Author:** ![kreitz.eth](https://avatars.discourse-cdn.com/v4/letter/k/9de0a6/32.png) [@kreitz.eth](https://gov.gmx.io/u/kreitz.eth)\ **Post date:** [December 21, 2023, 5:39pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/6 "2023-12-21T17:39:21Z")
easy yes! cant wait to see more listings! ---
**Author:** ![Vladimir\_GG](https://avatars.discourse-cdn.com/v4/letter/v/4af34b/32.png) [@Vladimir\_GG](https://gov.gmx.io/u/Vladimir_GG)\ **Post date:** [December 21, 2023, 5:50pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/7 "2023-12-21T17:50:12Z")
Fully supportive! Great summary, btw. ---
**Author:** ![Saurabh](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saurabh/32/1237_2.png) [@Saurabh](https://gov.gmx.io/u/Saurabh)\ **Post date:** [December 21, 2023, 6:17pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/8 "2023-12-21T18:17:07Z")
I would like to support this listing. ---
**Author:** ![randomishwalk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/randomishwalk/32/128_2.png) [@randomishwalk](https://gov.gmx.io/u/randomishwalk)\ **Post date:** [December 21, 2023, 7:11pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/9 "2023-12-21T19:11:29Z")
> [@coinflipcanda](#): > > Layerzero/stargate What’s the bridge security assessment? And why not use an aggregator like Socket or Lifi? ---
**Author:** ![Seraph](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/seraph/32/533_2.png) [@Seraph](https://gov.gmx.io/u/Seraph)\ **Post date:** [December 22, 2023, 1:20am UTC](https://gov.gmx.io/t/bnb-bnb/2941/10 "2023-12-22T01:20:08Z")
Security is a priority. Layerzero is a proven secured way of bridging assets to arbitrum 🙂 ---
**Author:** ![horse-shaped-smyl](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/horse-shaped-smyl/32/431_2.png) [@horse-shaped-smyl](https://gov.gmx.io/u/horse-shaped-smyl)\ **Post date:** [December 22, 2023, 10:45am UTC](https://gov.gmx.io/t/bnb-bnb/2941/11 "2023-12-22T10:45:50Z")
What are the pros and cons between a synthetic and bridged market? Synthetic pros being higher liquidity but lower allowed OI due to extra risks of operating a synthetic market. And bridged pros being lower operational risk (if higher wrapped token risk) and more challenging liquidity due to the need to bridge BNB? ---
**Author:** ![flow](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/flow/32/883_2.png) [@flow](https://gov.gmx.io/u/flow)\ **Post date:** [December 22, 2023, 11:39am UTC](https://gov.gmx.io/t/bnb-bnb/2941/12 "2023-12-22T11:39:50Z")
Good proprosal. hope the beginning of a long listing series. ---
**Author:** ![randomishwalk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/randomishwalk/32/128_2.png) [@randomishwalk](https://gov.gmx.io/u/randomishwalk)\ **Post date:** [December 22, 2023, 1:56pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/13 "2023-12-22T13:56:47Z")
Thank you, yes I appreciate that. But I meant a proper bridge security risk assessment, along the lines of what Uniswap Foundation did when they evaluated RFPs from various bridge operators. ---
**Author:** ![coinflipcanda](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/coinflipcanda/32/207_2.png) [@coinflipcanda](https://gov.gmx.io/u/coinflipcanda)\ **Post date:** [December 25, 2023, 3:20pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/14 "2023-12-25T15:20:36Z")
There are many possible solutions, but in this case an aggregator may not be an appropriate solution since we are looking at doing a wrapped version of the token instead of settling cross chain bridging. With BNB chain and Arbitrum not having significant overlap, it was important to engage with those protocols that are active on both chains to get a sense if there was a desirable standard. With Radiant (largest native lending protocol, having built on stargate/layerzero) there are potential synergies that are not available with other solutions. In the event that a market backe with a wrapped token is setup (still to be determined by governance) it is notable that risks are isolated to that specific market and thus LPs more than anyone will be the ones determining their comfort. ---
**Author:** ![randomishwalk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/randomishwalk/32/128_2.png) [@randomishwalk](https://gov.gmx.io/u/randomishwalk)\ **Post date:** [December 25, 2023, 4:56pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/15 "2023-12-25T16:56:20Z")
Helpful thanks. Does this then effectively lock in one single vendor or is moving away possible (I don’t mean technically possible, but more how annoying would it be) in the off chance a better solution emerges? ---
**Author:** ![totem.avax](https://avatars.discourse-cdn.com/v4/letter/t/ce7236/32.png) [@totem.avax](https://gov.gmx.io/u/totem.avax)\ **Post date:** [December 26, 2023, 11:44am UTC](https://gov.gmx.io/t/bnb-bnb/2941/16 "2023-12-26T11:44:12Z")
Can this be seen as a first step towards a BNB deployment? ---
**Author:** ![LONG](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/long/32/665_2.png) [@LONG](https://gov.gmx.io/u/LONG)\ **Post date:** [December 26, 2023, 5:54pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/17 "2023-12-26T17:54:19Z")
I agree supporting BNB ---
**Author:** ![sam](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/sam/32/661_2.png) [@sam](https://gov.gmx.io/u/sam)\ **Post date:** [December 27, 2023, 3:55am UTC](https://gov.gmx.io/t/bnb-bnb/2941/18 "2023-12-27T03:55:02Z")
great, BNB is mature and hot ---
**Author:** ![ph\_osc](https://avatars.discourse-cdn.com/v4/letter/p/b5e925/32.png) [@ph\_osc](https://gov.gmx.io/u/ph_osc)\ **Post date:** [December 27, 2023, 9:36pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/19 "2023-12-27T21:36:06Z")
Great proposal, tons of volume and back to the roots ---
**Author:** ![BlueBerry\_KR](https://avatars.discourse-cdn.com/v4/letter/b/bb73d2/32.png) [@BlueBerry\_KR](https://gov.gmx.io/u/BlueBerry_KR)\ **Post date:** [December 27, 2023, 9:40pm UTC](https://gov.gmx.io/t/bnb-bnb/2941/20 "2023-12-27T21:40:38Z")
It would be possible to have a separate BNB with a different version of BNB pair but from a UX perspective probably best to keep one single pool unless a solution comes that is vastly superior.