GMX · interactive mechanism simulation

Traders open leveraged positions priced by the oracle against a single pooled counterparty, GLP. Trade & borrow fees split between LPs (real yield) and staked GMX; position PnL settles straight against the pool. Edit the parameters, or trigger the 2025 V1 re-entrancy exploit that drained the deprecated pool.
Traders up to 50x leverage Oracle price feed Chainlink + keeper, no orderbook Fee distributor 70% LP / 30% stakers GLP Pool AUM: 400.0 ETH pooled counterparty to every trade Staked GMX rewards: 0.00 ETH real yield, paid in ETH V1 legacy vault dormant — press trigger below
Trades simulated
0
GLP pool AUM
400.0 ETH
Staked GMX rewards
0.00 ETH
Open interest skew
50% long
Exploit drained (2025 V1)
0.0 ETH
Parameters — edit me
50x
70%
55%
1.5/s
Controls

Illustrative simulation. Defaults mirror GMX's researched mechanism (oracle-priced fills against pooled GLP counterparty liquidity, ~70% of fees to LPs / 30% to staked GMX, position PnL settled directly against the pool) and the July 2025 V1 re-entrancy exploit that drained the deprecated pool, but trade sizes, timing and PnL are randomized for visualization — not live onchain data. Part of The Onchain Experiment Atlas.