JP-1 Open GMX-AVAX Market

Proposed in discord by CptRandlelwa, temperature check unanimous 40 votes in favor.

High Level:

GMX has been a solid performer through the bear with it's 'real yield' model and strong fee income.

With a listing on Arbitrum and more recently Avalanche, it could be a solid add to the V2 pools.

AVAX gives exposure to a more general market sentiment and GMX offers promising upside via real yields and further multi-chain launches, this should be a medium volatility play with strong upside potential.

Frequent rebalancing would be required but the upside plus fee revenues, positions this as a good option vs native token exposure.

Specifications:

The asset is listed on Avalanche and Arbitrum. This proposal is for the Avalanche listing.

$GMX https://www.coingecko.com/en/coins/gmx

Link to Token Contract: https://snowtrace.io/token/0x62edc0692BD897D2295872a9FFCac5425011c661

Tokenomics: https://gmxio.gitbook.io/gmx/tokenomics

Summary:

Proposal is to add GMX as a base asset and open the GMX-AVAX V2 pool.