Utilization rate (lending protocols)
GMX v2 (GMX Synthetics)'s assessment for RD-F-066 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Lending utilization rate is not applicable — GMX v2 is a perpetuals DEX with no supply/borrow model (data cache sources.defillama.borrow.present = false). The perps-equivalent signal is OI utilization as a fraction of pool reserve capacity. The protocol documentation states 'only 40-50% of pool can be utilized' under standard reserve factor configuration. The DataStore enforces (pool tokens x reserve_factor) - reserved tokens = available liquidity, where reserve_factor is typically 0.5-0.95. Current live OI data is not accessible: stats.gmx.io returned ECONNREFUSED and the DefiLlama data cache open_interest_usd field is null. Gray is the correct classification per rubric: protocol is not a lending protocol (N/A for standard utilization rate), and live OI utilization could not be confirmed.
Sources #
- Partner feed
- GMX v2 docs — Providing Liquidity (pool composition)https://docs.gmx.io/docs/providing-liquidity/retrieved 2026-05-05
Methodology #
Read the borrowed/supplied ratio per market; flag markets above 95% utilization as at-risk for withdrawal freeze.
See the full factor methodology and distribution across all protocols →