GLP (GMX V1 LP token) product
Overview
The GMX V1 platform, a decentralized venue for perpetual swaps, issues a liquidity provider token designated GLP. This token embodies a portfolio of underlying holdings—including ETH, BTC, and stablecoins—that collateralize leveraged trades. Individuals who hold GLP receive a share of the exchange's trading fees. They may also create new GLP units by depositing the constituent assets, or redeem them by withdrawing those same assets.
Within The Counterparty graph, GLP (GMX V1 LP token) connects to 2 tracked entities, most strongly to Jupiter Perps, GMX v2.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
inspired_by | Jupiter Perps | 90% |
replaced_predecessor | GMX v2 | 90% |
Frequently asked questions
What is GLP (GMX V1 LP token)?
GLP (GMX V1 LP token) is a single-pool-lp tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Jupiter Perps, GMX v2.
What type of entity is GLP (GMX V1 LP token)?
GLP (GMX V1 LP token) is classified as a single-pool-lp (product) in The Counterparty knowledge graph.
What is GLP (GMX V1 LP token) connected to?
In The Counterparty knowledge graph, GLP (GMX V1 LP token) is linked to 2 other tracked entities, most strongly to Jupiter Perps, GMX v2.