GMX Liquidity Skill
Overview
GMX V2 has two liquidity layers that back perpetual and spot trading:
- GM Pools — Single-market liquidity pools. Each GM pool backs one market (e.g., ETH/USD) and is composed of a long token and short token. Depositing mints GM tokens (LP tokens); withdrawing burns them.
- GLV Vaults (GMX Liquidity Vaults) — Multi-market vaults that hold multiple GM tokens and auto-rebalance across constituent pools. Depositing mints GLV tokens; withdrawing burns the
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