We are excited to announce our collaboration and integration with GMX, a leading decentralized exchange on Arbitrum. With this integration, Kunji Finance provides its asset managers access to the derivative markets that allow asset managers to manage risk against adverse market movements with long and short positions and generate higher returns.
This collaboration with the leading derivatives platform on Arbitrum broadens Kunji’s asset offering, giving customers a broader range of tradable assets and enhancing liquidity via GMX’s decentralized exchange infrastructure. For asset managers, GMX integration expands the market reach and trading prospects within Kunji while adhering to decentralization and trustlessness principles.
Currently, DeFi users have only access to protocols with long-only strategies, where they can earn up to 10% yield. Kunji Finance is building the first decentralized platform that offers actively-managed strategies with both long and short positions, allowing users to earn better yields. For this, the protocol is integrated with spot and derivative decentralized exchanges. MUX integration will help Kunji asset managers to trade on derivative markets. Derivatives trading will open up multiple opportunities to investors with Kunji Finance investment strategies that include hedge against risk, higher yield, and access to new markets.
Here are a few key takeaways about the collaboration with GMX and how it is going to benefit the investors on the Kunji Finance Platform.
– The early version of GMX distinguished itself by providing a decentralized spot and perpetual exchange with cheap swap costs and zero price effect trades, making it appealing to both casual and professional traders.
– GMX V2 will now have isolated markets, and liquidity providers can choose which assets to offer liquidity for. To balance shorts and longs and reduce the risk of market manipulation, price impact, and funding fees have been implemented. Along with this, other new updates on GMX V2, which include spot and perpetual cost reduction, and Chainlink’s low latency oracles, will help asset managers on Kunji to trade efficiently with optimized costs.
Overall, the integration with GMX strengthens Kunji’s position as a decentralized asset management platform, enabling it to provide a comprehensive and efficient trading experience for both technical implementation and traders seeking numerous and secure trading alternatives.
“It’s great to see another group of dedicated builders integrate with GMX’s exchange architecture. The users of Kunji’s decentralized asset management platform will have access to more markets and deeper liquidity as a result of it. I’d like to thank the Kunji team for collaborating with GMX, and hope their users sincerely enjoy the optimized trading experience!” — Jonezee, Communication Contributor of GMX, said.
Commenting on the collaboration, Anurag Dixit, founder of Kunji Finance, said, “This collaboration means a lot to us as not only GMX is the largest DEX on Arbitrum, it has a unique business model that will add significant value to users on Kunji platform. With GMX integration, asset managers on Kunji would be able to provide scalable bi-directional strategies that are missing in current decentralized asset management platforms.”
About GMX:
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero-price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, and leverage trading. Learn more: https://gmx.io/
About Kunji Finance:
Kunji Finance is a decentralized platform built on Arbitrum that enables crypto hedge fund-like active portfolio management services for retailed investors while providing full custody control and transparency. The asset management services can be based on discretionary investment theses that run long and short strategies created by asset managers on the platform, enabling the creation of “hedge funds” for retail investors without any regulatory ambiguity. Kunji is to crypto hedge funds what Uber is to Limo services. Learn more: https://www.kunji.finance/