GMX has completed the compensation plan for the V1 vulnerability impact, with $44 million to be distributed to affected Arbitrum GLP Liquidity Providers.

robot
Abstract generation in progress

PANews August 13 news, GMX announced that it has successfully completed the compensation plan for the GMX V1 vulnerability impact, with approximately $44 million to be distributed to affected Arbitrum GLP Liquidity Providers. Users can apply for compensation through the GMX dApp to receive GLV Tokens, including GLV [BTC-USDC] and GLV [WETH-USDC], with the token composition similar to the original GLP asset allocation. In addition, users who hold GLV for at least 3 months will receive a $500,000 retention reward provided by GMX DAO. GMX V2 remains unaffected, currently achieving weekly trading volumes in the billions. Previously reported, GMX: has suspended trading on GMX V1 and the minting and redemption of GLP, with approximately 40 million USD stolen.

GMX-3.89%
ARB11.99%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)