Today, along with a major revamp of the dApp interface, traders will notice a big improvement to the price impact mechanism as part of the GMX V2.2 upgrade. Now, when you open positions, you do so at the mark price, and your position's price impact no longer affects your entry price. Instead, price impact is "stored" and only applied as net impact once you close your position. This 'Post-Position Price Impact' mechanism significantly boosts the user experience for traders on GMX. Previously, negative price impact also had no maximum limit when you opened or increased a position. Moving forward, net impact will be capped at 0.5% (50 basis points) for *any* position size, when it is calculated at the time of position close/decrease. This means that any potential negative price impact is also capped, and the remaining amount will be returned to you as a rebate. In the past, these rebates required a manual approval process for risk management purposes, which could take up to 10 days....
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