The decentralized derivatives protocol GMX will launch a second funding round with a total of approximately 600,000 ARB.

ChainCatcher news, the decentralized derivatives protocol GMX tweeted that it will launch the second round of funding program, and project parties can start applying from June 3rd. The total amount is approximately 600,000 ARB, with a maximum grant limit of 75,000 ARB per application.

This round of funding aims to support builders who contribute to further applications on Arbitrum by building on and integrating with GMX V2. Additionally, projects that have already received STIP-Bridge grants, LTIPP grants, or grants from the first round of the GMX funding program will not be eligible to apply for the second round of grants.