Future

April

Chainlink

<ul>
<li><strong>GMX DAO partners with Chainlink to integrate new oracles for enhanced security and user experience.</strong></li>
<li><strong>Chainlink&#8217;s low-latency oracles to provide real-time market data and effective frontrunning mitigation for GMX V2.</strong></li>
</ul>
<hr />
<h3 id="gmx-dao-announces-partnership-with-chainlink-for-oracle-integration">GMX DAO Announces Partnership with Chainlink for Oracle Integration</h3>
<p>GMX DAO recently <a href="https://twitter.com/GMX_IO/status/1650963604768710656">announced</a> that their proposal to integrate Chainlink&#8217;s new oracles has passed the Snapshot vote with overwhelming support from community members. This integration aims to enhance the security and user experience of the GMX platform.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">1/5</p>
<p>Dear community members,</p>
<p>GMX is pleased to announce that the proposal to integrate <a href="https://twitter.com/chainlink?ref_src=twsrc%5Etfw">@chainlink</a>&#39;s new oracles passed the GMX DAO Snapshot vote with overwhelming support. We&#39;d like to thank everyone who participated.</p>
<p>This integration enhances both the security and UX of GMX. <a href="https://t.co/8mmQyluYMP">pic.twitter.com/8mmQyluYMP</a></p>
<p>&mdash; GMX <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fad0.png" alt="🫐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@GMX_IO) <a href="https://twitter.com/GMX_IO/status/1650963604768710656?ref_src=twsrc%5Etfw">April 25, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h3 id="strengthening-decentralization-and-boosting-protocol-resiliency">Strengthening Decentralization and Boosting Protocol Resiliency</h3>
<p>The proposal <a href="https://twitter.com/GMX_IO/status/1650963735391924241">discussed</a> the opportunity to make Chainlink the official oracle partner for GMX V2 and establish GMX as the exclusive launch partner for Chainlink&#8217;s new low-latency oracles. This partnership will further strengthen the decentralization of GMX and enhance the protocol&#8217;s resiliency.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">2/5</p>
<p>The proposal addressed the opportunity of making Chainlink the official oracle partner for GMX V2, and making GMX the exclusive launch partner of their new low-latency oracles.</p>
<p>Thereby further strengthening the decentralization of GMX and boosting the protocol&#39;s resiliency.</p>
<p>&mdash; GMX <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fad0.png" alt="🫐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@GMX_IO) <a href="https://twitter.com/GMX_IO/status/1650963735391924241?ref_src=twsrc%5Etfw">April 25, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h3 id="access-to-real-time-market-data-for-crypto-and-non-crypto-assets">Access to Real-Time Market Data for Crypto and Non-Crypto Assets</h3>
<p>With Chainlink&#8217;s new oracles, GMX V2 will gain access to <a href="https://www.ethnews.com/chainlinks-news-nft-lending-and-renting-concept-creates-lucrative-passive-income-opportunity-in-trillion-gaming-market/">real-time market data</a> for both crypto and non-crypto assets. These oracles offer ultra-low latency price updates and effective frontrunning mitigation while being highly gas-efficient to meet the needs of GMX traders.</p>
<h3 id="allocating-gmx-v2-protocol-fees-to-chainlink-for-future-development">Allocating GMX V2 Protocol Fees to Chainlink for Future Development</h3>
<p>The proposal allocates 1.2% of the GMX V2 protocol fees to Chainlink for future development work and support of the low-latency oracles used by GMX V2. This ensures long-term access to independent, transparent, and low-latency data essential for GMX&#8217;s success.</p>
<h3 id="a-crucial-partnership-for-gmx-8217-s-oracle-infrastructure-and-continued-expansion">A Crucial Partnership for GMX&#8217;s Oracle Infrastructure and Continued Expansion</h3>
<p>This <a href="https://gmx.io/">partnership</a> forms a vital part of the infrastructure for GMX&#8217;s oracle needs and aligns Chainlink with GMX&#8217;s continued expansion in the decentralized perpetual exchange space. GMX DAO expressed gratitude to Chainlink and their extended community for their support in this partnership.</p>
<div class="cryptoboxes" id="mcw-12709" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "LINK" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/chainlink-and-gmx-dao-unite-pioneering-decentralized-perpetual-exchanges-with-advanced-oracle-solutions/">Chainlink and GMX DAO Unite: Pioneering Decentralized Perpetual Exchanges with Advanced Oracle Solutions</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Chainlink and GMX DAO Unite: Pioneering Decentralized Perpetual Exchanges with Advanced Oracle Solutions

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