{
  "schemaVersion": 1,
  "id": "gmx",
  "version": "1.1.0",
  "name": "GMX",
  "reviewedAt": "2026-10-24",
  "reviewIntervalDays": 14,
  "reviewer": "Decentralised News editorial research",
  "evidenceType": "provider_documentation",
  "liveTested": false,
  "summary": "GMX V2 still separates funding routes, market/pool collateral and execution. Current docs now make pool-specific price-impact caps, continuous/event-driven funding and borrowing, conditional margin deposits, network-fee handling and delegated-subaccount controls more explicit.",
  "scope": "Review of accessible provider documentation for GMX V2, focused on Arbitrum. Not a live trade, security audit, exhaustive market inventory or eligibility assessment.",
  "decisionTitle": "Separate funding, collateral and execution.",
  "decisionContext": "Start with the market and pool, then check collateral, cost components and order conditions. A convenient funding route does not remove bridge, oracle or delegated-permission dependencies.",
  "sources": [
    {
      "id": "overview",
      "name": "GMX trading overview",
      "url": "https://docs.gmx.io/docs/trading/overview/",
      "reviewedAt": "2026-10-24"
    },
    {
      "id": "orders",
      "name": "GMX positions and order types",
      "url": "https://docs.gmx.io/docs/trading/order-types/",
      "reviewedAt": "2026-10-24"
    },
    {
      "id": "fees",
      "name": "GMX fees",
      "url": "https://docs.gmx.io/docs/trading/fees/",
      "reviewedAt": "2026-10-24"
    },
    {
      "id": "liquidation",
      "name": "GMX liquidations and ADL",
      "url": "https://docs.gmx.io/docs/trading/liquidations/",
      "reviewedAt": "2026-10-24"
    },
    {
      "id": "delegation",
      "name": "GMX delegated trading integration",
      "url": "https://docs.gmx.io/docs/api/contracts/delegated-trading/",
      "reviewedAt": "2026-10-24"
    }
  ],
  "networks": [
    {
      "id": "arbitrum",
      "name": "Arbitrum (review scope)",
      "collaterals": [],
      "collateralNote": "Market and pool dependent; inspect the selected position.",
      "sourceId": "orders"
    }
  ],
  "claims": [
    {
      "id": "network",
      "question": "Where does the trade execute?",
      "label": "Provider-reported",
      "finding": "The overview lists direct markets on Arbitrum, Avalanche and MegaETH. GMX Account access from supported source chains settles on Arbitrum.",
      "consequence": "Distinguish the funding chain from the execution chain. This brief focuses on Arbitrum; it does not inventory other deployments.",
      "sourceIds": [
        "overview"
      ]
    },
    {
      "id": "collateral",
      "question": "Is the deposit token always the position collateral?",
      "label": "Provider-reported",
      "finding": "Collateral choices depend on the market and pool. The order guide gives BTC or USDC as choices for a BTC-USDC market. Non-stable collateral adds price exposure.",
      "consequence": "Confirm the pool, stored collateral and output token separately. A token accepted for funding is not proof that every pool accepts it as collateral.",
      "sourceIds": [
        "orders"
      ]
    },
    {
      "id": "costs",
      "question": "What does the headline position fee leave out?",
      "label": "Provider-reported",
      "finding": "Current GMX V2 fees remain market- and balance-dependent. Position fees are still separate from price impact, swaps, funding, borrowing and execution/network costs; current docs also describe continuous or event-driven funding/borrowing accrual and pool-specific price-impact caps.",
      "consequence": "Use the exact market, size, imbalance state and holding period. A headline position fee does not establish all-in cost.",
      "sourceIds": [
        "fees"
      ]
    },
    {
      "id": "orders",
      "question": "Does a chart touching the trigger guarantee an exit?",
      "label": "Provider-reported",
      "finding": "Order triggering still uses direction-dependent oracle bid/ask bounds rather than chart midpoint. Current documentation also describes market-specific acceptable-price and price-impact constraints that can cancel or limit execution during fast moves.",
      "consequence": "A chart touch is not a fill receipt. Check trigger side, acceptable price and pool impact limits for the actual order.",
      "sourceIds": [
        "orders"
      ]
    },
    {
      "id": "liquidation",
      "question": "Can a stop-loss guarantee protection from liquidation?",
      "label": "Provider-reported",
      "finding": "The liquidation path remains conditional and stop-loss execution is not guaranteed before liquidation. Current docs also distinguish margin deposits/top-ups from order execution and note that pool/market conditions can affect available risk capacity.",
      "consequence": "Do not rely on stop-loss or top-up timing as guaranteed liquidation protection. DN has not reproduced these paths.",
      "sourceIds": [
        "liquidation"
      ]
    },
    {
      "id": "permissions",
      "question": "What changes with one-click trading?",
      "label": "Provider-reported",
      "finding": "One-click/delegated trading still uses a local subaccount key with configurable expiry/action limits and revocation. Current documentation continues to separate delegated trading permissions from the main wallet authority.",
      "consequence": "Review delegated scope, expiry and revocation before automation. Documentation is not a deployed-permission audit.",
      "sourceIds": [
        "overview",
        "delegation"
      ]
    },
    {
      "id": "access",
      "question": "Who is eligible, and is the platform live for them?",
      "label": "Unknown",
      "finding": "This documentation review does not establish individual eligibility, current regional restrictions or end-to-end operational availability.",
      "consequence": "No active trading CTA or ranking is supplied. Wallet connection and accessible documentation do not establish permission to trade.",
      "sourceIds": [
        "overview"
      ]
    }
  ],
  "illustration": null,
  "unknowns": [
    "Current pool-specific all-in cost and available liquidity",
    "Independent trigger, fill and withdrawal reliability",
    "Deployed permission scope and revocation behaviour",
    "Current individual eligibility and regional restrictions"
  ],
  "history": [
    {
      "date": "2026-10-24",
      "type": "DN evidence review",
      "detail": "Re-opened the five cited GMX V2 documentation pages. This version adds current price-impact cap, funding/borrowing, conditional margin-deposit and delegated-subaccount detail while preserving the Arbitrum-focused review scope. No live trade, trigger, withdrawal, permission or eligibility test was performed."
    },
    {
      "date": "2026-10-14",
      "type": "DN publication",
      "detail": "Initial Arbitrum-focused documentation brief. Distinguishes source chains from settlement, pool collateral from funding assets and documented controls from tested behaviour."
    }
  ],
  "reviewTriggers": [
    "Changed provider documentation or deployment configuration",
    "A substantiated correction",
    "The 14-day editorial review deadline"
  ],
  "disclosure": "DN has an existing GMX referral entry. This brief introduces no trading CTA and makes no operational-status or safety endorsement. Compensation does not affect evidence labels."
}