Gmx V2 Perps — Staking Pools & DeFi Yield

Explore all yield opportunities on Gmx V2 Perps — 100 active pools across 2 blockchains with a combined TVL of $197.16M. Find the best Gmx V2 Perps pool for your risk profile and start earning passive DeFi income today.

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Protocol Overview

Total Pools

100

Total TVL

$197.16M

Best APY

211.73%

Chains

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Top Gmx V2 Perps Pools

The table below shows up to 20 of Gmx V2 Perps's highest-TVL pools. Click any pool for its full APY history, risk analysis, and step-by-step staking guide.

Pool	Chain	APY	TVL	Tags
ETH USDC	Arbitrum	7.86%	$62.69M	IL
WBTC.B USDC	Arbitrum	9.04%	$55.10M	IL
ETH ETH	Arbitrum	4.01%	$18.52M
WBTC.B WBTC.B	Arbitrum	5.04%	$7.72M
ETH USDC	Arbitrum	3.90%	$5.52M	IL
AVAX USDC	Avalanche	4.16%	$5.01M	IL
LINK USDC	Arbitrum	8.70%	$4.00M	IL
SOL USDC	Arbitrum	20.25%	$3.86M	IL
WBTC.B USDC	Arbitrum	87.61%	$2.88M	IL
ETH USDC	Arbitrum	3.24%	$2.26M	IL
WBTC.B USDC	Arbitrum	3.90%	$1.88M	IL
ETH USDC	Arbitrum	4.72%	$1.84M	IL
ETH USDC	Arbitrum	10.24%	$1.84M	IL
ETH USDC	Avalanche	1.37%	$1.82M	IL
WBTC.B USDC	Arbitrum	12.46%	$1.57M	IL
BTC USDC	Avalanche	19.16%	$1.44M	IL
WBTC.B USDC	Arbitrum	76.80%	$1.01M	IL
BTC BTC	Avalanche	1.01%	$789.4K
WBTC.B USDC	Arbitrum	8.89%	$785.5K	IL
WBTC.B USDC	Arbitrum	100.40%	$631.2K	IL

View all 100 Gmx V2 Perps pools →

About Gmx V2 Perps

Gmx V2 Perps is a decentralized finance protocol operating across 2 blockchains including Arbitrum, Avalanche. The protocol enables crypto holders to earn yield through automated smart contracts — no custodians, no KYC, and full transparency via on-chain data.

With $197.16M in total TVL across 100 pools, Gmx V2 Perps represents a significant segment of the DeFi yield landscape. Users interact directly with the protocol's smart contracts via any compatible Web3 wallet, maintaining full custody of their assets throughout.

How Gmx V2 Perps Generates Yield

Gmx V2 Perps creates yield for depositors through diverse pool mechanics. Yield sources include trading fees from every swap routed through liquidity pools, interest paid by borrowers in lending markets, and protocol incentive distributions to attract and retain liquidity. The specific yield source varies by pool — check each pool's APY breakdown (Base APY vs. Reward APY) to understand where the yield comes from.

Base APY represents sustainable fee income; Reward APY comes from token incentives that can change as protocol programs evolve. For long-term positions, prioritize pools with strong base APY. For short-term yield farming, high-reward-APY pools can be lucrative if entered and exited strategically before incentive programs wind down.

Gmx V2 Perps Across Blockchains

Gmx V2 Perps is deployed on 2 chains: Arbitrum, Avalanche. Each deployment offers different pools, liquidity levels, and gas costs. Layer 2 deployments offer similar opportunities with significantly lower transaction costs. Choose the chain that best matches your position size and fee tolerance.

Security & Risk Profile

Before depositing into any Gmx V2 Perps pool, assess the specific risks. Pools with the IL tag involve multi-asset positions where price divergence can reduce your effective return. Pools with the Stable tag use stablecoin assets, minimizing price volatility risk on your principal. All DeFi pools carry inherent smart contract risk — verify Gmx V2 Perps's audit status from their official documentation before depositing large amounts.

Gmx V2 Perps Pool Risk Summary
Pool Type	APY Range	IL Risk	Recommended For
Single-asset pools	Varies	None	Yield on existing holdings without ratio risk
Multi-asset AMM pools	Higher	Moderate–High	Active yield farmers comfortable with IL

How to Use Gmx V2 Perps Effectively

To maximize returns on Gmx V2 Perps: start with pools that have high TVL (lower exit slippage), check whether APY is fee-based or emission-based, and review the protocol's incentive program timeline. For multi-asset pools, calculate your expected IL at various price scenarios before committing — many DeFi calculators are available online for this purpose.

For tax purposes, each reward claim from Gmx V2 Perps pools is typically a taxable event in most jurisdictions. Keep records of your deposits, withdrawals, and reward harvests with timestamps and USD values at the time of each transaction.

Frequently Asked Questions

What is Gmx V2 Perps?

Gmx V2 Perps is a DeFi protocol offering 100 yield pools across 2 blockchain networks. It enables crypto holders to earn passive yield through liquidity provision, and protocol incentives. Total TVL across all Gmx V2 Perps pools is $197.16M.

What is the best APY on Gmx V2 Perps?

The highest current APY on Gmx V2 Perps tracked by APY Hub is 211.73%. Rates vary by pool and change daily based on utilization, trading volume, and incentive programs. Browse all Gmx V2 Perps pools sorted by APY to find the current best opportunity.

How do I stake on Gmx V2 Perps?

To start earning on Gmx V2 Perps: acquire the required tokens from an exchange, set up a Arbitrum wallet, visit the official Gmx V2 Perps app, connect your wallet, select a pool, and deposit. Your yield begins accruing immediately with no lockup period in most pools.

Is Gmx V2 Perps audited and safe?

Most established DeFi protocols like Gmx V2 Perps conduct regular security audits. Verify audit status on the official Gmx V2 Perps documentation or their GitHub repository. The protocol's TVL of $197.16M indicates significant user trust, but always check audits and never invest more than you can afford to lose.

On which blockchains does Gmx V2 Perps operate?

Gmx V2 Perps is deployed on Arbitrum, Avalanche. Cross-chain deployments allow users to access Gmx V2 Perps pools on the chain with the most suitable fees and liquidity for their needs.

Gmx V2 Perps Tokens Available on These Exchanges