# GMX

> Decentralised Perpetual Exchange

GMX is a decentralized spot and perpetual exchange. It lets traders open leveraged positions and swap tokens from their own wallets, priced by oracles against shared liquidity pools on several networks.

GMX is a decentralized spot and perpetual exchange that runs on public blockchains. Traders open leveraged long or short positions and swap tokens directly from their own wallets. Its markets cover crypto assets as well as commodities and US equity indices.

Orders do not use an order book: every trade is filled against GM and GLV liquidity pools at an oracle index price. Liquidity providers deposit into these pools and earn most of the fees from trading, borrowing, liquidations, and swaps. One-Click and Express Trading cut the number of wallet confirmations per order.

The protocol is deployed on several networks, and the GMX Account lets users trade from other supported chains. The GMX token is staked for a share of fee buybacks and gives voting power in DAO governance. GMX is used by traders, liquidity providers, integrators building on its SDK, and token holders.

- Type: Protocol
- Sector: DeFi
- Status: Active
- Founded: 2021-09-01
- Profile: https://thegrid.id/profiles/gmx

## Products

- [GMX](https://thegrid.id/profiles/gmx): GMX is a decentralized exchange for leveraged perpetual futures and spot swaps across crypto and traditional-asset markets. Orders are filled against GM and GLV liquidity pools at oracle prices instead of an order book. It runs on several networks, and the GMX Account lets users trade from other supported chains. (Decentralised Exchange, Live, Main Product)

## Assets

- [GMX (GMX)](https://thegrid.id/profiles/gmx): GMX is the utility and governance token of the GMX exchange. Staked GMX carries voting power in DAO governance and a claim on protocol fee buybacks, as part of the fees from trading, liquidations, borrowing, and swaps is used to buy back GMX. Distribution of the bought-back tokens to stakers is currently suspended, and the token is issued on several blockchains. (Governance)

## Links

- [Main](https://gmx.io)
- [Documentation](https://docs.gmx.io)
- [Blog](https://gmxio.substack.com)
- [Terms of Service](https://gmx.io/#/terms-and-conditions)
- [Media Kit/branding](https://github.com/gmx-io/gmx-assets)
- [Governance](https://gov.gmx.io)
- [Twitter / X](https://x.com/GMX_IO)
- [Discord](https://discord.com/invite/H5PeQru3Aa)
- [Telegram](https://t.me/GMX_IO)
- [GitHub](https://github.com/gmx-io)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP