According to Foresight News, GMX has announced the launch of single-token pools on V2, initially on Arbitrum. The new GMX V2 market allows liquidity providers to earn fees through supporting transactions, while maintaining exposure to BTC or ETH. It also offers integration with highly relevant yield-bearing products that are composable.
The launch of the single-token pools on V2, particularly on Arbitrum, is a significant move by GMX. This initiative allows liquidity providers to earn fees by supporting transactions, while still maintaining their exposure to Bitcoin (BTC) or Ethereum (ETH).
Furthermore, the new GMX V2 market also provides integration with yield-bearing products that are composable. This feature is highly relevant to liquidity providers, as it allows them to maximize their earnings and optimize their investment strategies.
This development is part of GMX's ongoing efforts to enhance its platform and provide more opportunities for its users. The launch of the single-token pools on V2 is expected to attract more liquidity providers, thereby boosting the overall performance of the GMX platform.