GMXGMX

The value of native and promotional assets distributed to GMX users, including traders and stakers, is measured by the Token incentives metric. These distributions are utilized to reward protocol participation, bootstrap liquidity, and compensate stakeholders. For GMX, both the vesting of escrowed GMX (`esGMX`) into liquid GMX assets and the distribution of ARB assets under the Short-Term Incentive Proposal (STIP) are captured by this metric. This metric is considered analogous to stock-based compensation in traditional finance, representing an ongoing cost incurred to incentivize protocol activity.Learn more