Liquidity depth per major asset
GMX v2 (GMX Synthetics)'s assessment for RD-F-065 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Primary GM pool assets are WBTC, WETH, and USDC. BTC and ETH have deep on-chain liquidity across major DEXs — 2% price impact depth is well above any LP exit requirement implied by the $243M TVL. USDC is a dollar-pegged stablecoin with effectively unlimited depth at 2% price impact. Long-tail altcoin pools (DOGE, XRP, LTC, SHIB, WIF) have lower underlying asset liquidity, but the total long-tail pool allocation is estimated at less than 15% of TVL based on pool listing data and governance proposal context. The dominant pools are BTC and ETH denominated. Exit risk for large LP on a long-tail pool is real but not threshold-breaching for the protocol as a whole. Green: primary asset liquidity is adequate.
Sources #
- DocsGMX v2 docs — Providing Liquidity (pool composition)https://docs.gmx.io/docs/providing-liquidity/retrieved 2026-05-05
- GMX Substack — Single-token BTC and ETH pool launch announcementhttps://gmxio.substack.com/p/gmx-announces-the-launch-of-singleretrieved 2026-05-05
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →