GMXSol has announced a major update with the launch of PUMP perpetual futures. This Solana-based platform now offers traders the ability to utilize leverage up to 100x with the PUMP token as margin.
Launch of PUMP Perpetual Futures
Traders on GMXSol can open high-leverage positions with up to 100x. A key feature of the launch is the ability to use the PUMP token itself as margin to open futures positions. This adds utility for PUMP holders, allowing them to effectively utilize capital amid volatile crypto markets.
Earning through Liquidity Provision
GMXSol is also introducing liquidity incentives for PUMP holders. Users contributing to the platform's liquidity pools will earn a share of the trading fees collected across PUMP markets. This creates new earning opportunities while enhancing trade execution.
Technological Foundation of GMXSol
GMXSol is built on the fast Solana blockchain and deployed with authorization from GMX DAO. The V2 architecture of the platform ensures low costs and high throughput trading experiences, making it ideal for traders who require reliability and speed. This development further strengthens GMXSol's position as a key decentralized trading hub on Solana.
The launch of PUMP perpetual futures on GMXSol opens new opportunities for both traders and PUMP token holders. The innovative architecture and liquidity incentives contribute to the ongoing development of the GMXSol ecosystem.
