Both are on-chain contracts, so why do some use an order book while others use a pool?
My understanding: In the pool model, liquidity providers act as the counterparties to traders. When traders are profitable overall, the pool loses money; when traders lose overall, the pool makes money.
GMX uses the pool model: the liquidity pool is the counterparty to traders, and execution prices are based on oracle prices.
$HYPE is Hyperliquid’s native token. Hyperliquid got its start with perpetual futures trading. Currently at 85.33.
#HYPE
Just market updates; please make your own trading decisions.
My understanding: In the pool model, liquidity providers act as the counterparties to traders. When traders are profitable overall, the pool loses money; when traders lose overall, the pool makes money.
GMX uses the pool model: the liquidity pool is the counterparty to traders, and execution prices are based on oracle prices.
$HYPE is Hyperliquid’s native token. Hyperliquid got its start with perpetual futures trading. Currently at 85.33.
#HYPE
Just market updates; please make your own trading decisions.