GMX to Update Open Interest Balance Calculation on December 22nd
GMX will update the method used to calculate Open Interest (OI) balance on December 22.Under the new approach, OI will be calculated based on the notional value of open positions, rather than the USD value at the time positions were opened. The change aims to better reflect the actual exposure represented by open positions as market prices move. Refer to the official tweet by GMX: IMPORTANT UPDATE: Open Interest Balance CalculationOn Monday, 22 Dec, the calculation for open interest (OI) balance will be updated. Details below:────────────────────Current calculation• Based on the sum of the USD value of all positions at the… GMX InfoGMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.Dynamic pricing is supported by Chainlink Oracles along with TWAP pricing from leading volume DEXs.