How to Lend GMX (GMX): A Step-by-Step Guide

Introduction

Lending GMX can be a great option for those who want to hold GMX but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain GMX (GMX) Tokens
In order to lend GMX, you need to have it. To obtain GMX, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo GMX (GMX) 8
PrimeXBT GMX (GMX) 7.96
Binance GMX (GMX) 7.98
OKX GMX (GMX) 7.99
Uphold GMX (GMX) 16.06
BingX GMX (GMX) 8
See all 37 prices
2. Choose a GMX Lender
Once you have GMX, you'll need to choose a GMX lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Bitget GMX (GMX) Up to 2.5% APY
3. Lend Your GMX
Once you've chosen a platform to lending your GMX, transfer your GMX into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	GMX (GMX)	8
PrimeXBT	GMX (GMX)	7.96
Binance	GMX (GMX)	7.98
OKX	GMX (GMX)	7.99
Uphold	GMX (GMX)	16.06
BingX	GMX (GMX)	8

Platform	Coin	Interest rate
Bitget	GMX (GMX)	Up to 2.5% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

GMX (GMX) is currently priced at $2.5 with a 24-hour trading volume of $18.51M. The market cap of GMX stands at $236.11M, with 9.92M GMX in circulation. For those looking to buy or trade GMX, Bitget offers avenues to do so securely and efficiently

Market cap: $236.11M
24h volume: $18.51M
Circulating supply: 9.92M GMX

See latest information

Frequently Asked Questions About GMX (GMX) Lending

What is GMX (GMX) and what is it used for?: GMX is a decentralized exchange (DEX) token tied to the GMX platform, which focuses on enabling low-fee, non-custodial trading and liquidity provision. The GMX token typically serves multiple roles, including governance rights to shape platform upgrades, staking incentives to secure the protocol, and potential fee-sharing or rewards mechanisms for liquidity providers. As with many DeFi tokens, the exact utility can evolve, so it’s important to review the latest protocol documentation and official announcements for current use cases, staking rewards, and any scheduled harvest or distribution events.
How many GMX tokens are in circulation and what is the max supply?: As of now, there are approximately 10,382,345.59 GMX in circulating supply, with a maximum supply of 13,250,000 GMX. This implies a capped supply, which can influence scarcity and potential price dynamics over time. Investors should monitor on-chain data and project disclosures for any changes to supply mechanics, such as planned token burns, minting events, or governance-driven adjustments.
What is the current price trend and market status of GMX?: GMX is currently priced around $7.55 per token. In the last 24 hours, the price rose by about 3.4%, signaling positive near-term momentum. The market cap sits in the tens of millions range, reflecting the token’s relatively mid-level market presence. As always with crypto, price movements can be volatile and influenced by broader market conditions, project updates, and liquidity on exchanges. Consider checking real-time price feeds and volume metrics before making any trading decisions.
Where can I buy or trade GMX, and what should I know before doing so?: GMX can typically be traded on major decentralized and centralized platforms that list the token. When using a DEX, you’ll interact with liquidity pools and may need a compatible wallet (e.g., MetaMask) and some native token for gas. Before trading, verify contract addresses from official sources to avoid imitation tokens, understand the liquidity depth, and review any trading fees or slippage settings. If you’re a long-term holder, explore staking or governance opportunities if available, and keep an eye on security best practices to protect your funds.
What are the risks and key considerations for GMX investors?: Key considerations include market volatility, contract risk, and changes in token utility. As a DeFi token with governance features, its value is sensitive to protocol upgrades, security incidents, and competition from other DEX platforms. Liquidity risk can affect trade execution, and staking or yield programs may lock up funds or have complex reward structures. Always perform due diligence: read the official GMX docs, audit reports, and the latest community updates. Diversify your portfolio, set risk limits, and only invest what you can afford to lose.