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TON Foundation and GMX Join Forces to Advance High-Performance DeFi

The Open Network Foundation has partnered with GMX, a decentralized perpetual exchange, in an effort to expand the DeFi sector and offer high-frequency trading. The collaboration intends to leverage GMX's expertise in low-slippage and efficient trading, as well as its viable fee structures, to solidify the trading infrastructure of the TON blockchain. The partnership includes a developer contest for participants to create innovative perpetual DEXs, with the aim of maximizing performance, efficiency, and trading fees. The contest offers support from the TON Foundation and advisory backing from GMX for project enhancement. The collaboration seeks to create cutting-edge design solutions and expand DeFi-related possibilities.

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