Solana News Today: GMXSOL v0.7.0 Launches on Solana With Fee Rewards

Generated by AI AgentCoin World
Friday, Aug 8, 2025 12:12 pm ET1min read
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Aime RobotAime Summary

- GMXSOL v0.7.0 launches on Solana, expanding GT rewards to include trading fees and position borrowing costs.

- Rust SDK integration enhances developer access, enabling efficient position management and automated reward distribution.

- The update strengthens decentralization by aligning incentives with user activity, boosting trader engagement and platform loyalty.

- GMX DAO's architecture improvements position GMXSOL as a scalable DeFi infrastructure layer on Solana's high-performance network.

GMXSOL v0.7.0 has officially launched on the

Solana
mainnet, bringing a suite of enhancements designed to boost trader incentives and developer accessibility. This update, supported by the GMX DAO and built on a V2 architecture, introduces a critical change to the GT reward system: traders now earn GT tokens not only for opening and closing positions but also for borrowing fees incurred during active trading positions. This expansion of the reward scope aligns incentives more closely with actual user behavior and operational costs, fostering greater engagement and loyalty within the platform [1].

A major technical advancement in this release is the full integration of the Rust SDK, which enables developers to interact more efficiently with the Solana ecosystem. This tool simplifies the process of building applications, managing positions, retrieving on-chain data, and automating GT reward distributions. The integration leverages Solana’s high throughput and low latency characteristics, enhancing the overall performance and scalability of the GMXSOL platform. It also positions GMXSOL as a key infrastructure layer for DeFi innovation on Solana [1].

The upgrade underscores GMX DAO’s commitment to decentralization and fair value distribution. By including borrowing fees in the GT reward calculation, the protocol ensures that users are rewarded for all aspects of their participation, reflecting a more holistic view of their contributions to the platform. This approach not only supports active traders but also encourages long-term engagement, as rewards are now tied to a broader set of on-chain activities [1].

The release of GMXSOL v0.7.0 marks a strategic step forward in the evolution of DeFi on Solana. With enhanced incentives and improved developer tools, the protocol is well-positioned to attract a growing user base while maintaining a competitive edge in the decentralized trading space. As the ecosystem continues to expand, such updates are likely to play a crucial role in sustaining growth and user satisfaction [1].

Source: [1] GMXSOL v0.7.0 Launches on Solana With Fee Rewards

(https://coinmarketcap.com/community/articles/689620219ddd0903848ce4ed/)