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GLP Token Price (GLP)
GLP Token GLPGLP Token (GLP) Chart
GLP Token (GLP) Return On Investment(ROI)
What Is GLP Token(GLP)?
GLP is the liquidity provider token. Accrues 70% of the platform's generated fees. GLP consists of an index of assets used for swaps and leverage trading. It can be minted using any index asset and burnt to redeem any index asset. The price for minting and redemption is calculated based on (total worth of assets in index including profits and losses of open positions) / (GLP supply).
For Arbitrum, holders of the GLP token earn Escrowed GMX rewards and 70% of platform fees distributed in ETH. For Avalanche, holders of the GLP token earn Escrowed GMX rewards and 70% of platform fees distributed in AVAX. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.
Minting GLP
Bridge any of the GLP tokens to Arbitrum / Avalanche, a list of GLP tokens can be found on the Dashboard.
Fees will be lower for tokens that the pool has less of, check the "Save on Fees" section to get the lowest fees. You should buy the token with the lowest fees from Ethereum and then bridge that token directly as these tokens are likely more expensive to purchase on ArbitrumFor Arbitrum, ensure that some ETH is bridged over as you need it to pay for the network fees. Bridging to Arbitrum: https://arbitrum.io/bridge-tutorial/
For Avalanche, ensure that you have some AVAX for network fees https://bridge.avax.network/
Key in the amount of GLP you'd like to purchase on: https://app.gmx.io/#/buy_glp
Fees for buying GLP will vary based on which assets the index has less or more of, the Buy GLP page will show which assets have the lowest fee.
After buying your tokens will automatically be staked and you will start earning Escrowed GMX and ETH / AVAX rewards, you can check your rewards at https://app.gmx.io/#/earn.
How can I buy GLP token?
GLP token can be minted using any of the assets it consists of, as well as burnt to redeem any index asset. The index assets can be checked on the GMX dashboard. It consists of a limited number of stablecoins and mainstream cryptocurrencies. The composition of the GLP index differs between Avalanche and Arbitrum.
GLP Token (GLP) Community
- Twitter: https://twitter.com/GMX_IO
- Discord: https://discord.com/invite/ymN38YefH9
- Medium: https://medium.com/@gmx.io
- Telegram: https://t.me/GMX_IO
GLP Token FAQ
What is the price of GLP Token (GLP) coin?
CoinCarp does not currently have price data for GLP Token as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once GLP Token is live on an exchange, CoinCarp will provide real-time GLP Token (GLP) coin prices from different exchanges.
Is GLP Token (GLP) coin a good investment?
It depends on your personal risk tolerance and investment goals. GLP Token is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in GLP Token investing, you will also need to understand the GLP Token project's white paper, team background, tokenomics, and the overall market environment.
Where can I buy GLP Token (GLP) coin crypto?
CoinCarp's tracking data suggests that the GLP Token is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase GLP Token from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for GLP Token.
How to short GLP Token (GLP) coin?
According to CoinCarp's tracking data, no crypto exchange yet supports GLP Token contracts or ETF trading. so you can't short GLP Token
What will GLP Token (GLP) coin be worth in 5 years?
It is impossible to predict what GLP Token will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, GLP Token's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of GLP Token 5 years from now.
GLP Price Statistics
GLP Token Price
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Price Change24h
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24h Low / 24h High
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Volume/Market cap (24h)
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7d Low / 7d High
$0 / $0
30d Low / 30d High
$0 / $0
90d Low / 90d High
$0 / $0
52 Week Low / 52 Week High
$0 / $0
All Time High
$0
All Time Low
$0
