Algorithmic / under-collateralized stablecoin
GMX v2 (GMX Synthetics)'s assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
GMX v2 is a perpetuals DEX (protocol type evm_perps_dex per 00-profile.md §1). It does not issue any stablecoin, algorithmic or otherwise. The protocol accepts USDC and other established stablecoins as collateral inputs but does not synthesize or mint a stablecoin. Factor RD-F-069 (algorithmic / under-collateralized stablecoin) is not applicable.
Sources #
- Curator noteGMX v2 profile — category=PERPS, protocol_type=evm_perps_dex.research/protocols/gmx-v2/00-profile.md §1retrieved 2026-05-05
- GMX v2 docs — Introduction (perpetuals DEX, no stablecoin issuance)https://docs.gmx.io/docs/intro/retrieved 2026-05-05
Methodology #
Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol gmx-v2 factor RD-F-069 score not_applicable collected_at 2026-05-05 11:15:06