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Some beautiful project are around still in bearish market, and honestly it’s in bearish time they perform best.
One is GMX: GMX is a decentralised perpetual exchange that allows you to stake a coin called GLP, and earn your 20–30% profit in ETH or AVAX, depending on the net you youse. This is not new, many shitcoins offer you high yields, but a 50% APR has no value if your investment goes to 0. But GLP is different: it’s backed by a pool of “safe” crypto, 50% in stables (USDT, USDC,DAI, FAX), and 50% in major (BTC, ETH, UNI, LINK): what does it mean?
When you buy GLP, you are buying a composition of coins, 50% stable and 50% more “safe” in market: that means that yes, you are exposed to market fluctuation, but 50% less than it would normally be. Furthermore, no one is giving you a high APR to stake your BTC. The money for high APR come from the cheap fee the exchange can offer because of staking.
If you like the project, you can even choose GMX governance token. You can check GMX tokenomics on Messari, and deepen the project wit this great tutorial form Miles Deutscher.
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