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Security review · December 2024

Synthetics Updates, November 2024

for GMX

Guardian's review of Synthetics Updates, November 2024 for GMX, published December 2024. The report records 1 finding, including 1 low.

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Published
Review window
November 28, 2024
Chains
Arbitrum, Avalanche
Sector
Perpetuals
  • 0 Critical
  • 0 High
  • 0 Medium
  • 1 Low
  • 0 Informational

1 acknowledged

Scope

Findings 1

  1. L-01 Low Spread Reduction Increases Arbitrage Opportunities Warning Acknowledged
    Location
    Global

    Description

    Reducing spreads will offer more attractive prices to traders and increase open interest in the GM markets. However, large spread reductions can create arbitrage opportunities against other exchanges, which may put LP’s at risk as the counterparty of trades, as well as strain the system’s OI limits.

    Recommendation

    Carefully consider this risk when assigning the spread reduction factor.

    Link to L-01

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