What is GLP?
GLP is GMX’s LP token, consist of a basket of tokens like ETH, BTC, USDC, LINK, UNI, FRAX. The GLP token value changes depending on the value of tokens in the basket. By holding GLP, you earn 15% — 30% APY in ETH which comes from the trading fees collected on GMX, as well as esGMX tokens which can be staked to earn more trading fee yield.
Last modified 9mo ago