GLP token
Overview
The GLP token functions as the liquidity provision instrument for GMX, a decentralized platform for perpetual contracts operating on the Arbitrum and Avalanche networks. This token represents a diversified pool of assets that traders may employ as margin for positions with leverage. Holders of GLP receive compensation derived from fees generated by trading volume.
Within The Counterparty graph, GLP connects to 2 tracked entities, most strongly to Pendle, GM.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
lists_market_for | Pendle | 85% |
replaced_by | GM | 85% |
Frequently asked questions
What is GLP?
GLP is a token tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Pendle, GM.
What type of entity is GLP?
GLP is classified as a token (token) in The Counterparty knowledge graph.
What is GLP connected to?
In The Counterparty knowledge graph, GLP is linked to 2 other tracked entities, most strongly to Pendle, GM.