According to Foresight News, the decentralized derivatives protocol GMX issued a statement stating that the short-term incentive plan of 12 million ARB allocated by Arbitrum will be launched soon and will be allocated to liquidity and trading incentives within 12 weeks. Among them, up to 2 million ARB can be used as grant incentives for other developers and protocols to promote the development of Arbitrum based on GMX V2. Incentives are distributed weekly, and users can receive ARB airdrop rewards after each cycle.
Liquidity incentives include rewards for GM liquidity providers and incentives to migrate GLP liquidity to the GM capital pool; you can receive ARB transaction fee rebates when trading on GMX. Grant incentives are divided into three categories: small grants with budgets up to $10,000 and open grants with budgets up to $100,000.
