GMXSOL v0.7.0 Launches on Solana With Fee Rewards
GMXSOL v0.7.0 goes live on Solana, offering GT rewards for all trading and borrowing fees.
- GMXSOL v0.7.0 launches on Solana with full Rust SDK support.
- Traders now earn GT rewards for borrowing fees.
- The update enhances decentralization and trader incentives.
GMXSOL, the Solana-based deployment of the GMX protocol, has officially launched version 0.7.0 on mainnet. Backed by the GMX DAO and built on V2 architecture, this latest version introduces a major update: GT rewards now cover borrowing fees in addition to opening and closing fees.
This change marks a significant improvement in user incentives. It means traders are effectively rewarded for every cost incurred while using GMXSOL on Solana, strengthening loyalty and engagement in the platform.
Full Rust SDK Support for Solana Developers
Another key highlight of GMXSOL v0.7.0 is the full integration of the Rust SDK, opening the doors for seamless interaction with the Solana ecosystem. This SDK simplifies access for developers to build and integrate with the GMXSOL protocol, from managing positions to fetching on-chain data and automating GT rewards.
Solana’s performance—high throughput and low latency—pairs well with GMX’s robust trading infrastructure. This upgrade positions GMXSOL as a powerful tool for both traders and developers in the DeFi space.
Solana Traders Now Earn More With GT Rewards
The updated reward system ensures that GT tokens now reflect not just trading activity but also borrowing costs — a step forward in aligning incentives with actual platform usage. This upgrade reflects GMX DAO’s commitment to decentralization and value redistribution.
With this move, GMXSOL continues to push innovation within the Solana DeFi space, offering a more rewarding and transparent trading experience that empowers its growing user base.
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