Key facts
- GMTrade is a decentralized perpetuals protocol built on Solana.
- The platform aims to offer trading of both crypto and real-world assets.
- GMTrade uses a pooled liquidity model, charging 0.5 basis points in fees.
- It integrates Chainlink Low-Latency Oracles for real-world asset trading.
- LP yields are generated from trading fees, borrowing fees, and liquidation fees.
GMTrade, a decentralized perpetuals protocol built on Solana, is evolving beyond its initial GMX fork origins to become an independent platform aiming to offer a comprehensive on-chain trading experience akin to Robinhood. Co-founder William highlighted the strategic choice of Solana due to its low transaction fees and high performance, which are crucial for a competitive trading environment. The platform utilizes a pooled liquidity model, which GMTrade claims allows for faster market expansion and significantly lower trading costs, charging 0.5 basis points compared to the typical 3 basis points on other Solana platforms. This model avoids the need for deep order books and subsidizing market makers, contributing to cost efficiency.