GMX V2 Perps · Avalanche

AVAX-USDC

Overview

The GMX V2 Perps AVAX-USDC pool on Avalanche is a derivatives contract for perpetual swaps, allowing users to trade the price difference of AVAX and USDC without expiry dates. This protocol generates yield through trading fees collected from market participants.

Total APY stands at 10.83%, with no additional reward component. Over the past week, this rate has increased by 4.49%, while over the last month it has risen by 5.65%. The current APY is above the 30-day mean of 6.92%.

TVL in the pool totals $5M with no specified change over the previous seven days. Given its multi-asset nature, users face impermanent loss exposure. This liquidity depth supports robust trading activity within the derivatives market.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 8.69%; 30-day mean is 10.59%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 92% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.