\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240 GMX \u6709\u4e00\u500b\u6f02\u4eae\u7684\u5546\u696d\u6a21\u5f0f\u3002\u8a72\u5354\u8b70\u4f7f Defi \u6563\u6236\u4ea4\u6613\u6d41\u6c11\u4e3b\u5316\uff0c\u5354\u8b70 LP \u548c GMX \u6301\u6709\u8005\u53ef\u4ee5\u50cf\u9ad8\u983b\u4ea4\u6613\u505a\u5e02\u5546\u548c Ken Griffin\uff08\u77e5\u540d\u5c0d\u6c96\u7d93\u7406\uff0cCitadel Investment Group \u5275\u8fa6\u4eba\uff09\u4e00\u6a23\u7372\u53d6\u5229\u6f64\u3002\u672c\u6587\u6e90\u81ea Friktion \u7814\u7a76\u54e1 @thiccythot_<\/a> \uff0c\u7531 BlockBeats \u7de8\u8b6f\u3001\u6574\u7406\u3002
\n\uff08\u524d\u60c5\u63d0\u8981\uff1aGMX\u4e0a\u67b6\u5e63\u5b89\u66b4\u6f3240%\uff5c\u7d30\u89e36\u6b21\u8fed\u4ee3\uff1a\u5275\u65b0\u7684\u5916\u6bbc\uff0c\u9f90\u6c0f\u7684\u5167\u6838<\/span><\/a>\uff09
\n\uff08\u4e8b\u4ef6\u80cc\u666f\uff1a\u901f\u89c0 Arbitrum \u767c\u5c55\u8fd1\u6cc1\uff1a\u5168\u9762\u627e\u5c0b Alpha \u6a5f\u6703<\/span><\/a>\uff09<\/p>
\u672c\u6587\u76ee\u9304<\/p>\n
<\/p>\n
\uff08\u672c\u6587\u6240\u8868\u9054\u7684\u89c0\u9ede\u662f\u4f5c\u8005\u7684\u500b\u4eba\u89c0\u9ede\uff0c\u4e0d\u61c9\u88ab\u8996\u70ba\u6295\u8cc7\u5efa\u8b70\u3002\u8acb\u505a\u597d\u81ea\u5df1\u7684\u529f\u8ab2\uff0c\u4e0d\u8981\u6295\u8cc7\u4efb\u4f55\u4f60\u6c92\u6709\u5b8c\u5168\u7406\u89e3\u7684\u6771\u897f\u3002\uff09<\/span><\/p>\n
G<\/span>MX \u662f Arbitrum \u4e0a\u7684\u4e00\u500b DeFi \u5354\u8b70\uff0c\u5141\u8a31\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\uff08LP\uff09\u5b58\u5165\u8cc7\u91d1\u4e26\u70ba\u6c38\u7e8c\u5408\u7d04\u4ea4\u6613\u8005\u63d0\u4f9b\u69d3\u687f\u3002GMX \u7684 LP \u4f5c\u70ba\u6bcf\u7b46\u4ea4\u6613\u7684\u5c0d\u624b\u65b9\uff0c\u901a\u904e\u6536\u53d6\u4ea4\u6613\u8cbb\u7528\u548c\u63d0\u4f9b\u69d3\u687f\u8cc7\u91d1\u4f86\u8cfa\u9322\u3002ByteTrade Lab \u6709\u4e00\u7bc7\u6587\u7ae0<\/a>\u8a73\u7d30\u4ecb\u7d39\u4e86\u5176\u6a5f\u5236\u3002<\/p>\n
\u5ef6\u4f38\u95b1\u8b80\uff1aDefi \u65b0\u624b\u300b\u7c21\u55ae\u7406\u89e3 GMX \u884d\u751f\u54c1\u4ea4\u6613\u5e73\u53f0\u3001GLP\u6d41\u52d5\u6c60<\/a><\/span><\/strong><\/p>\n
\u76ee\u524d\u8a72\u5354\u8b70\u6536\u5165\u7d04\u70ba 4000 \u842c\u7f8e\u5143\uff0c\u540c\u6642\u5176 FDV \u70ba 4.5 \u5104\u7f8e\u5143\u3002FDV \u8207\u6536\u5165\u6bd4\u70ba 11 \u500d\u3002<\/p>\n
\u6216\u8a31\u61c9\u8a72\u8003\u616e\u4ee5\u4e0b\u5e7e\u500b\u56e0\u7d20\uff1a<\/p>\n
\u4ee5 Virtu \u4f5c\u70ba\u6a19\u7aff\uff0c\u4f5c\u70ba\u5168\u7403\u6700\u5927\u9ad8\u983b\u505a\u5e02\u5546\uff0c\u5176\u5e02\u5834\u4efd\u984d\u7d04\u5360\u7f8e\u570b\u6563\u6236\u4ea4\u6613\u91cf\u7684 25%\u3002\u5176\u5e02\u76c8\u7387\u8f03\u4f4e (\u7d04\u70ba 5-6)\uff0c\u56e0\u70ba\u6563\u6236\u4ea4\u6613\u8b8a\u5316\u7121\u5e38\u4e14\u7af6\u722d\u6fc0\u70c8\u7684\u5e02\u5834\u589e\u52a0\u4e86\u7d50\u69cb\u6027 alpha \u8870\u6e1b\u7684\u98a8\u96aa\u3002\u96a8\u8457\u6558\u4e8b\u548c\u6fc0\u52f5\u63aa\u65bd\u7684\u8b8a\u5316\uff0c\u6563\u6236\u4ea4\u6613\u91cf\u6ce2\u52d5\u8f03\u5927\u3002\u6a21\u4eff\u8005\u548c\u7af6\u722d\u5c0d\u624b\u7aca\u53d6\u5e02\u5834\u4efd\u984d\u4e26\u5c0e\u81f4\u6d41\u52d5\u6027\u4f9b\u61c9\u904e\u5269\uff0c\u9019\u5728 DeFi \u9818\u57df\u4e2d\u5f88\u5e38\u898b\u3002<\/p>\n
\u6b64\u5916\uff0c\u773e\u6240\u5468\u77e5\uff0c\u70ba\u4fdd\u6301\u6563\u6236\u4ea4\u6613\u8005\u8208\u8da3\u800c\u9032\u884c\u7684\u884c\u92b7\u6d3b\u52d5\u548c\u4fc3\u92b7\u6d3b\u52d5\u6210\u672c\u9ad8\u6602\u3002\u9019\u9ede\u5f9e Robinhood \u5c31\u53ef\u898b\u4e00\u6591\u3002<\/p>\n
\u50f9\u683c\u9810\u8a00\u6a5f\u662f\u4e00\u628a\u96d9\u5203\u528d\u3002\u5b83\u5011\u64c5\u9577\u5f15\u5c0e\u6709\u6548\u7684\u5e02\u5834\u5167\u50f9\u683c\u767c\u73fe\uff0c\u4f46\u5176\u540c\u6642\u5b58\u5728\u589e\u9577\u5bb9\u91cf\u4e0a\u9650\u548c\u6f5b\u5728\u6f0f\u6d1e\u7684\u53ef\u80fd\u3002<\/p>\n
\u6b64\u8655\u503c\u5f97\u6307\u51fa\u7684\u662f\uff0c\u901a\u904e CEX \u64cd\u7e31\u9810\u8a00\u6a5f\u50f9\u683c\u4ee5\u5728 GMX \u4e0a\u9032\u884c\u653b\u64ca\u7684\u6210\u672c\u9ad8\u5f97\u96e2\u8b5c\u30029 \u6708\u4efd\u5728 Avalanche \u4e0a\u7684\u653b\u64ca\u4e2d\uff0c\u7b97\u4e0a\u4ea4\u6613\u8cbb\u548c\u6ed1\u9ede\uff0c\u99ed\u5ba2\u53ef\u80fd\u662f\u8667\u640d\u7684\u3002<\/p>\n
\u672c\u6587\u4f5c\u8005\u901a\u904e\u7c21\u55ae\u7684\u9032\u884c\u5e02\u5834\u6a21\u64ec\u5efa\u6a21\uff0c\u63a8\u7b97\u51fa\u5c0d ETH \u9032\u884c 20 \u500b\u57fa\u9ede\u7684\u50f9\u683c\u64cd\u7e31\uff08\u5305\u542b GMX \u5957\u5229\u8cbb\u7528\uff09\u5c07\u82b1\u8cbb\u7d04 2000 \u842c\u7f8e\u5143\u3002<\/p>\n
\u6a5f\u69cb\u7d1a\u7684\u53c3\u8207\u8005\u53ef\u4ee5\u5728\u4ea4\u6613\u6642\u501f\u52a9\u5176\u9ad4\u91cf\u5c0d GMX \u9032\u884c\u653b\u64ca\u3002<\/p>\n
\u5047\u8a2d\uff1aZhuSu \u60f3\u5728\u5176\u65b0\u57fa\u91d1\u4e2d\u8cb7\u5165 1 \u5104\u7f8e\u5143 ETH\u3002\u4ed6\u63d0\u524d\u5728 GMX \u4e0a 0 \u6ed1\u9ede\u505a\u591a ETH\uff0c\u7136\u5f8c\u53bb Binance \u9032\u884c\u8cb7\u5165\u64cd\u4f5c\u3002\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0cZhuSu \u53ef\u4ee5\u5728 GMX \u4e0a\u7372\u5f97 1-2% \u7684\u5229\u6f64\u3002<\/p>\n
GMX \u901a\u904e\u5f15\u5165\u66f4\u56b4\u683c\u7684 OI \u9650\u5236\u89e3\u6c7a\u4e86\u9019\u500b\u554f\u984c\u3002\u9019\u4e26\u4e0d\u80fd\u5b8c\u5168\u89e3\u6c7a\u554f\u984c\u4e26\u6b0a\u8861\u4e86\u53ef\u64f4\u5c55\u6027\u3002OI \u9650\u5236\u5728 AUM \u7684 30-40% \u610f\u5473\u8457\u8cc7\u672c\u6548\u7387\u4f4e\u4e0b\u3002\u908a\u969b GLP \u9444\u9020\u4e0d\u6703\u589e\u52a0\u6d41\u52d5\u6027\u4e26\u7a00\u91cb\u73fe\u6709 LP \u7684\u6536\u76ca\u7387\u3002<\/p>\n
ARB \u662f\u5168\u5e74\u6700\u53d7\u671f\u5f85\u7684\u7a7a\u6295\u4e4b\u4e00\u3002GMX \u4f5c\u70ba Arbitrum \u4e0a\u7684\u4e3b\u8981\u5354\u8b70\uff0c\u6df1\u5ea6\u53c3\u8207 GMX \u5c0d\u672a\u4f86\u7a7a\u6295\u7684\u5f71\u97ff\u4e0d\u8a00\u800c\u55bb\u3002\u5982\u679c Arbitrum \u4ee5 100 \u5104\u7f8e\u5143\u7684\u4f30\u503c\u9032\u884c 2% \u7684\u7a7a\u6295\u610f\u5473\u8457 Arbitrum \u4ea4\u6613\u8005\u53ef\u80fd\u7372\u5f97 2 \u5104\u7f8e\u5143\uff0c\u9019\u8db3\u4ee5\u8986\u84cb\u4ed6\u5011\u7684\u4ea4\u6613\u640d\u5931\u3002\u7576\u7136\u9019\u53ea\u662f\u731c\u6e2c\u3002<\/p>\n
GMX \u627e\u5230\u4e86\u660e\u78ba\u7684 PMF\uff08Product Market Fit\uff0c\u6307\u7522\u54c1\u548c\u5e02\u5834\u9054\u5230\u6700\u4f73\u7684\u5951\u5408\u9ede\uff09\uff0c\u4e26\u5efa\u7acb\u4e86\u4ee4\u4eba\u7fa8\u6155\u7684\u6536\u5165\u6a21\u5f0f\u3002\u5b83\u7684\u6210\u529f\u5f15\u767c\u4e86\u4e00\u4e9b\u95dc\u65bc DeFi \u61c9\u8a72\u662f\u4ec0\u9ebc\u4ee5\u53ca\u6211\u5011\u4f5c\u70ba\u4e00\u500b\u793e\u5340\u61c9\u8a72\u671d\u8457\u4ec0\u9ebc\u65b9\u5411\u767c\u5c55\u7684\u5b58\u5728\u6027\u554f\u984c\u3002<\/p>\n
GMX\u4e0a\u67b6\u5e63\u5b89\u66b4\u6f3240%\uff5c\u7d30\u89e36\u6b21\u8fed\u4ee3\uff1a\u5275\u65b0\u7684\u5916\u6bbc\uff0c\u9f90\u6c0f\u7684\u5167\u6838<\/a><\/strong><\/p>\n
GMX\u751f\u614b\u7248\u5716\u521d\u73fe\uff1a\u6e05\u9edeGLP\u548cGMX\u884d\u751f\u51fa\u7684DeFi\u9805\u76ee<\/a><\/strong><\/p>\n
GMX \u718a\u5e02\u7206\u767c\u7684\u80cc\u5f8c\uff1a\u771f\u5be6\u6536\u76ca\u54ea\u4f86\u3001\u4ee3\u5e63\u8a2d\u8a08\u8207\u9762\u81e8\u98a8\u96aa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"