GMX Staker
Last updated
Last updated
If you have GMX, esGMX, and Multiplier Points in GMX that you wish to wrap into Key Finance, you can easily wrap them to GMXkey, esGMXkey, and MPkey, respectively. This process will allow you to conveniently wrap your GMX-tokens into Key utility tokens.
Wrap your GMX-tokens to Key utility tokens.
Navigate to the "Wrap” tab at the top of the page.
Connect a wallet to launch Key Finance.
Scroll down to the section where you can see the pre-wrapping asset value, and post-wrapping one.
Click the ‘ Wrap’ button at the right bottom of the section.
To complete the wrapping, there are 4 steps required. 4 steps are shown in a pop-up window.
Few steps can be skipped depending on the user type.
[Step 1] Withdraw vesting tokens that are currently in the GMX vesting vaults. Click the ‘Withdraw’ button.
If it is your first time using the platform, you will have to approve your GMX tokens for use with the contract by pressing the "Approve" button.
By clicking the ‘Withdraw’ button, you are considered to agree to use the ‘Account Transfer’ function that is offered in GMX.
All tokens that you have in the GMX vault will be withdrawn by using this function here.
[Step 2] Create a personal vault in Key Finance, in exchange for GMX’s vesting vault. Press the ‘Deploy’ button.
To fully migrate your assets in the GMX vesting vault, Key Finance creates each user’s unique contract to safely transfer the assets.
[Step 3] Allow the original GMX to note that a new personal vault in Key Finance is created. Click the ‘Notify’ button.
[Step 4] Finally swap the GMX-tokens to the Key utility tokens. Press the ‘Swap’ button.
Your newly created vault in Key Finance is now prepared to swap the GMX-tokens to the Key-tokens.
Wrap completed!
2. Check the balance of Key utility tokens in your vault.
Once completing the wrapping process, you can find the balance of key utility tokens you possess as well as the transaction, in the middle of the ‘Wrap’ page.
3-1. Get LP rewards with Key Finance.
Find the detailed guides here: LP page
3-2. Get staking rewards at Key Finance.
Find the detailed guides here: Stake page
(Optional) Liquidate/ Cash-out Key utility tokens at a market as soon as you wish.
Users who would like to liquidate their Key utility tokens in the market, visit Uniswap v3 (Arbitrum).
Once the wallet is connected, select the pools either GMX-GMXKey, GMX-esGMXKey, or GMX-MPKey, as per your preferences.
Choose the preferred options of Fee tier, and Price range.
Enter the quantity of the tokens you chose in the pool that includes Key tokens (GMXKey, esGMXKey, MPKey) you would like to convert.
Check the user's wallet that holds GMX as much as they claimed.
