GMX Liquidity Skill

Overview

GMX V2 has two liquidity layers that back perpetual and spot trading:

• GM Pools — Single-market liquidity pools. Each GM pool backs one market (e.g., ETH/USD) and is composed of a long token and short token. Depositing mints GM tokens (LP tokens); withdrawing burns them.
• GLV Vaults (GMX Liquidity Vaults) — Multi-market vaults that hold multiple GM tokens and auto-rebalance across constituent pools. Depositing mints GLV tokens; withdrawing burns them.

Supported chains:

Execution model: All write operations use a two-step async pattern:

1. User creates a request (deposit/withdrawal/shift) via ExchangeRouter or GlvRouter multicall
2. Keeper executes the request with oracle prices (typically 1–30 seconds later)