[HMX][FINAL][STIP-Round1]

[HMX]

Hello @MotusCM,

Please see our comments and clarification below.

1.) Similar to the earlier post, there seems to be a misunderstanding. but HMX is not a GMX fork.

[HMX][FINAL][STIP-Round1]

Hi @meyaf320219 Thanks for the comment. Let us address each of them. 1.) There seems to be some misunderstanding, but HMX is NOT a fork of GMX. Our code base is original and we do have a lot of features that differentiate ourselves from other pool-based PerpDEXs - some of them are mentioned in the proposal here such as cross-margin and multi-collateral support. For a full list of features, I invite you to visit our Docs. I am also sharing a tweet we did a while back, where we did an infograph…

2.) While we bootstrap our liquidity pool with GLP, it’s not a “vampire attack.” Users who deposit GLP in our LP pool continue to earn 100% of the yields and exposure they would normally receive LPing on GMX. We DO NOT break down the GLP or move the underlying assets over to our platform. We believe our design builds on top of GLP and offers benefits to users as they get to earn yields from both platforms.

Here is a diagram of how it works:

I also invite you to check out our docs about HLP here for more details.