The decentralized trading platform GMX said that the process of opening and closing positions on GMX involves two parts of transactions, the user sends a request to open/close a position and the keeper executes the request. The cost of trading between the two varies based on the prevailing Arbitrum fees, with prices surging over the past few hours as Odyssey led to a massive increase in on-chain activity.
Furthermore, the handling fee will only be used to execute the transaction, and GMX does not and will not earn any revenue from such fees, if it has a difference at the time of collection, GMX will make up the difference. And list examples to prove that the cost paid by the transaction user is lower than the actual transaction cost.
Finally, GMX officials said that the fee for the keeper to perform this part of the request will continue to be adjusted according to network conditions, and it is hoped that Odyssey participants can use the entire week to complete their three activities.
GMX does not and will not profit from or earn income from such fees at any time. Previously, the community reported that GMX set the minimum fee to 0.005ETH (setMinExecutionFee=0.005ETH) and changed the swap execution fee.
