GMX launches GMXLiquidity treasury GLV

Decentralized derivative protocol GMX has announced the launch of GMX Liquidity Treasury GLV. GLV is a treasury that automatically rebalances the GMX Market Pool Token (GM Token) and generates fees through margin trading and swaps in all related markets. The GLV Treasury dynamically allocates its liquidity to the GM pool based on its utilization and demand, ensuring that liquidity flows to the markets that need it most, providing traders with deep liquidity and LPs with higher capital efficiency. The first treasury to be launched is GLV [WETH-USDC], which can be purchased using ETH, USDC, or any of the 7 underlying GM Tokens.