We are proposing an upgrade to our platform: the deployment of GMX V2 on BASE. Alongside this, we would love to have COIN stock listed to diversify our offerings and cater to the increasing demand from our community.
Proposal Details:
Deployment of GMX V2 on BASE:
This move is in line with our strategic goals to improve the user experience, increase our platform’s availability, and stay competitive in the ever-evolving decentralized landscape.
Listing COIN Stock:
By introducing COIN stock to our platform, we aim to tap into the growing interest in traditional equities within the crypto community. This also represents a bridge between traditional finance and decentralized finance, enhancing our platform’s attractiveness to a broader audience.
Understandably GMX V2 on at a beta level and we want to make sure the protocal most of all has safety being paramount for its user. We can now see the Perp/dex area is easily one of the most competitive in web 3.0. It is time we start seriously discussing the road map for V2. I bet people in the community are willing to help and how we get additional developer support from partner protocals to help move timelines. How do we get the Arb foundation to support one of the OG projects that allowed its TVL to hit highs to reach its potential.
Deploying on Base should be a priority and listing COIN should a conversation we have roadmap immediately.
There isn’t a better argument for the next chain. Being on the super chain is the way. Once we are out of beta and have chainlink operating low latency oracles and UI sorted. Development of V2 on the super chain is inevitable.
While good from a marketing standpoint, I think listing stocks like Coin would bring with it many very significant risks. The arguments for deploying on Base are stronger than actually listing $Coin, I’d say.
With the initial Base hype out of the way, and Friend.tech frenzy calming down a bit, I’d like to ask:
Is there enough activity on the blockchain to warrant a deployment on Base…?
Or is it still too early, but just a shrewd move because Base has great long-term prospects? A bit like Arbitrum, which also didn’t have a thriving blockchain yet when GMX launched there.
Why not be the first project and has network efforts on Base. GMX added value to the Arb ecosystem and volume to network. Why not be one of the first real projects to launch? Also I think it would highly depend on the ease of doing so? How much of the code base needs to be changed and what type of investment does this take? Without understanding this information how can the community provide the respective input?
There is nothing else on BASE to do, other than Areodrome that just launched. First mover advantage can’t be beat, it’s why BTC is still king and ETH is still the king of smart contract chains. It might actually be too late to get to Base by the time the team is ready, but the zkrollups are too expensive and slow right now so it’ll need to the an optimistic rollup IMO.
Hi i move to revive this conversation to deploy gmx on base. As gmx v2.1 is launched, base has chainlink integration, along with coinbase providing gas fees for users whom wish to integrate account abstraction via coinbase paymaster
Gmx can apply for a grant from coinbase to help cover users gas fees, allowing a seamless trading ux.
With the new narrative i strongly vote for gmx to deploy on base and work on account abstraction for trading.
As a perps dex, i believe the next step to attract more users is to remove the barrier of wallets and through AA (account abstraction) we could make the trading activity seamless and given l2 gas fees its low that we could get grants or use trading fees earned to cover the gas of traders
gmxv2 isn’t complete quite yet, we are waiting for GLV as the next known element of implementation along with initializing the BB&D. Good news is GLV is in Audit and BB&D isn’t a difficult task for our amazing devs. we should keep in mind that we want devs to be working on stylus implementations as well as timeboost on arbitrum which will require testing as well. as it stands we appear to have quite a bit of work on arbitrum and… avax as it stands. oh and gmsol will involve some attention from our devs too i imagine.
now that is out the way, it really comes down to some delegates opinions and considerations from dev ops. while it makes financial sense to a fair degree, i wonder if its feasible from technical pov.
COIN stock is prob out of the question for some time lol but a base deployment is in need of a techincal breakdown for delegates and community to truly decide on. its easy to green light cause money but real work must be done and coordinated around an already fairly high work load.
I do not think chain expansion should be out of the question, but that focus should currently be on finalizing the improvements of V2.1(GLV, UX, Stability, more pairs) before resources are stretched too thin.
I see very little reason to list any stocks as on-chain DEX trading of stocks is very low and would not be worth the effort to maintain.