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GMX will integrate with Chainlink’s low latency pricing oracle machine

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It is reported that according to the official Twitter of Chainlink, the GMX community of the Arbitrum Ecological Centralization Derivative Agreement formally approved a proposal wi

GMX will integrate with Chainlinks low latency pricing oracle machine

It is reported that according to the official Twitter of Chainlink, the GMX community of the Arbitrum Ecological Centralization Derivative Agreement formally approved a proposal with 96.28% approval rate to integrate Chainlink’s low delay pricing oracle machine into the launch partner of voting on the chain. This integration will enhance the security and user experience of GMX derived protocols.

GMX will integrate with Chainlink’s low latency pricing oracle machine

I. Introduction
– Brief explanation of GMX and its ecosystem.
– Overview of Chainlink’s low delay pricing oracle machine.
– Importance of integrating Chainlink into the GMX ecosystem.
II. Understanding Arbitrum Ecological Centralization Derivative Agreement
– Explanation of what the Derivative Agreement is.
– Its relevance to the GMX ecosystem.
– Benefits of integrating Chainlink into the Derivative Agreement.
III. The Proposal Approval of Integrating Chainlink
– Explanation of the GMX community vote with a 96.28% approval rate.
– How the integration of Chainlink will enhance the security and user experience of GMX derived protocols.
– Benefits of using Chainlink’s low delay pricing oracle machine.
IV. Conclusion
– Recap of main points.
– Significance of integrating Chainlink into the GMX ecosystem.

It Is Reported That GMX Community Approves Integration Of Chainlink’s Low Delay Pricing Oracle Machine

On August 20th, 2021, the official Twitter of Chainlink reported that the GMX community of the Arbitrum Ecological Centralization Derivative Agreement formally approved a proposal with a 96.28% approval rate to integrate Chainlink’s low delay pricing oracle machine into the launch partner of voting on the chain. This integration will enhance the security and user experience of GMX derived protocols.

Introduction

GMX is an ecosystem that allows traders to access a range of derivative trading products. The ecosystem is characterized by fast transaction speeds, low fees, and a stable on-chain price feed. The ecosystem has gained popularity in recent months due to the efficiency of their system.
Chainlink, on the other hand, is a decentralized oracle network that is designed to connect smart contracts with off-chain data sources. It is known for its fast and secure price feeds, making it an ideal candidate for integration into the GMX ecosystem.
By integrating Chainlink’s low delay pricing oracle machine, users of the GMX ecosystem will be able to access up-to-date and accurate price data, which will drastically enhance their trading experience.

Understanding Arbitrum Ecological Centralization Derivative Agreement

The Arbitrium Ecological Centralization Derivative Agreement is an advanced derivative agreement that is designed to offer secure and efficient trading to users. It leverages the benefits of smart contract technology to create an ecosystem that is decentralized and secure.
The Derivative Agreement is an important part of the GMX ecosystem as it allows traders to create custom trading products that can be used to hedge against various risks in the market.
By integrating Chainlink’s low delay pricing oracle machine, the Derivative Agreement will be able to provide more accurate price data to traders. This will increase the security of the ecosystem and enable more efficient trading.

The Proposal Approval of Integrating Chainlink

The approval of the proposal to integrate Chainlink’s low delay pricing oracle machine into the GMX ecosystem is a significant milestone for the platform. The proposal was approved by the GMX community with an overwhelming 96.28% approval rate.
The integration of Chainlink will enhance the security and user experience of GMX derived protocols in different ways. Firstly, it will provide more reliable and up to date market data, which is crucial for traders. Additionally, it will also reduce the likelihood of errors occurring during the trading process, making it a more secure platform.
By using Chainlink’s low delay pricing oracle machine, GMX will be able to provide traders with faster and more efficient pricing data than ever before. This will make it easier for traders to make informed decisions and execute trades with confidence.

Conclusion

The integration of Chainlink’s low delay pricing oracle machine is an exciting development for the GMX ecosystem. It not only enhances the security of the platform but also improves the user experience by providing fast and accurate pricing data.
By using Chainlink, GMX will be able to offer its users some of the most advanced trading products on the market. This will undoubtedly play a key role in the future growth and success of the platform.

FAQs

1. What is GMX?
– GMX is an ecosystem that allows traders to access a range of derivative trading products.
2. What is Chainlink?
– Chainlink is a decentralized oracle network that is designed to connect smart contracts with off-chain data sources.
3. What is the purpose of integrating Chainlink into the GMX ecosystem?
– The integration of Chainlink will enhance the security and user experience of GMX derived protocols by providing fast and accurate pricing data.

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