The Arbitrum DAO accepted the GMX proposal under the STIP-Bridge Incentives Program and approved a 5.4 million $ARB grant for GMX. These ARB tokens will strengthen the joint development of GMX V2 and the Arbitrum DeFi ecosystem. The STIP-B incentive campaign was live as of June 26 2024, and ended on September 16.

****GMX’s STIP-Bridge program has 3 incentive categories:

• Liquidity Incentives, for LPs supplying liquidity to GM Pools or, as of epoch 11, the GLV Liquidity Vault.
• Trading Incentives, offering traders an average of ~25% fee rebate when trading on GMX V2 markets.
• Grants Incentives, supporting builders developing projects that integrate with GMX V2.

The STIP-B incentive campaign aims to solidify GMX's role as the foundational trading and liquidity layer for DeFi on Arbitrum.

The campaign runs from 26 June to 16 September 2024. All incentives ****will be distributed based on weekly epochs, which start on Wednesday at 00:00 UTC.

The campaign’s three incentive categories, and how GMX users benefit from them, are explained in more detail below:

<aside> 💧 GM Liquidity Incentives

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GMX V2 works with a range of highly liquid pools that facilitate all perpetual and spot trading activity. These GM pools are yield-generating, capital-efficient and composable with other protocols: they form a foundational DeFi base layer for the entire Arbitrum ecosystem.

As of epoch 11, the GLV Liquidity Vault has been introduced. GLV is an index vault of GM tokens, which dynamically allocates (rebalances) its liquidity between these GM pools based on their utilisation and demand. GLV accrues fees from leverage trading and swaps from the included markets.

The GM Liquidity Incentives on Arbitrum are divided into two types:

1. Incentives for Liquidity Providers to the GM pools of GMX V2