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question about opening and closing transactions #23

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henry-hz opened this issue Jul 3, 2022 · 1 comment
Open

question about opening and closing transactions #23

henry-hz opened this issue Jul 3, 2022 · 1 comment

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@henry-hz
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henry-hz commented Jul 3, 2022

Dear GMX team, I have a design questions. When trading, I noticed that to increase or decrease positions, two transactions are executed: a request and an execution transactions. Why it was done in this way ? other perpetuals platforms have only one transaction to do it. Also, in Avalanche, after requesting my inc/dec, the one that executes the second transaction is the https://snowtrace.io/address/0x864db9152169d68299b599331c6bfc77e3f91070 wallet. Does it mean that you have an operator listening the requests and execute for them ? If yes, may I question how this affects the decentralization level ?

thanks in advance,
hh

@tanoeth
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tanoeth commented Jul 5, 2022

Not from the GMX core team but saw your message...

  • User sends the first transaction to request open / close / deposit collateral / withdraw collateral
  • Keepers observe the blockchain for these requests and then execute them

Keepers are currently managed by the team and will be further decentralized in the future.

Additional info can be found here, https://gmx-io.notion.site/GMX-Technical-Overview-47fc5ed832e243afb9e97e8a4a036353

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