hi i was on here GMX | Decentralized Perpetual Exchange
does this mean i earn around 0.50% daily in the gmx token it varies right? and to get the gmx token i have to sell it first right? it credits daily based on trading volume
GM! check out the gmx page, it explains what are gmx tokens, what are the liquidity pools GLV and GM pools.
The APR is reset every week, wednesday 00:00 UTC
and the APR is real yield, depends on the fee earned the previous week from traders’ activities.
the APR is used to buy GMX tokens from market and distributed to all GMX stakers.
Hi @elliot13458, if you’re referring to that GM: ETH/USD [WETH-USDC] liquidity pool that you linked:
The APR displayed is the annual rate of return. Rewards accumulate constantly, auto-compounding into the price of the GM token. So to realize your returns, you would have to sell your GM tokens. The reward rate is updated weekly based on that week’s trading activity on that market.