AVAX rewards are available to GMX users during GMX Summer Boost, an incentive program facilitated by GMX and the Avalanche Foundation. Starting 3 July, GMX users on Avalanche profit from the following Boost incentives. The Summer Boost campaign does not have a set end date yet.

1. Liquidity Incentives will be distributed to the new GLV vault and various GM pools on Avalanche, to deepen market liquidity and minimise slippage. These rewards will boost liquidity providers' returns and boost the user experience for on-chain traders.
2. Moreover, traders on the GMX V2 markets on Avalanche enjoy an additional boost: an up to 75% discount on their open and close fees on all leverage trades.

For all the details of the program, read on:

<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 robust DeFi base layer for the Avalanche ecosystem.

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**As of epoch 14, 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 all the included markets, providing an optimised LP experience.

GLV on Avalanche is based on [WAVAX-USDC]. It includes all the GM pools that are based on [WAVAX-USDC] collateral, marked with an * in the table below.**

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Enjoy boosted rewards on GLV and the GM liquidity pools on Avalanche as per the table below:

Avax GM Liquidity Incentives

Provide liquidity to GMX’s new GLV Liquidity Vault or the market-leading GM Pools on Avalanche and start earning boosted farming rewards now:

GMX | Decentralized Perpetual Exchange