Thank you to everyone for the feedback, we’re considering the following order to prioritise things:
Launch on Avalanche
While there are a lot of improvements that we would like to make, the base product does work from what we have observed, and launching on a third chain can help with reaching out to more users.
We think Avalanche would be a good choice as they have a growing amount of liquidity and usage.
If users are on Avalanche, they are likely to prefer using DEXes that are on the chain itself, there is also an opportunity to facilitate more swap volume.
We can start work on this next week and provide more details of how the cross-chain would work as we develop it. Most likely we will allow bridging of GMX to avalanche and have a separate GLP pool.
Trading Incentives, Referrals, Fee Tiers
This can be implemented after launching on Avalanche, we would start by tracking volume amounts per trader and rewards can be setup using that.
A few community members have suggested having Fee Tiers, where the more GMX a user has the larger a fee discount or fee rebate they get.
Potentially the fee rebate could be distributed as GMX tokens, as this would help keep ETH rewards high.
Core Contract Improvements
The core contract improvements would definitely be useful especially in allowing trading of newer assets, however, ETH, BTC and other main tokens still take up most of the market share in terms of trading volume, which is why we believe launching on a third blockchain and improving tokenomics should be done first.
We will write a more detailed Medium post about this and post it soon, it would serve as our updated roadmap.