> For the complete documentation index, see [llms.txt](https://docs.mozaic.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mozaic.finance/vaults/theseus-vault/gm-pools.md).

# GM Pools

Yield farming across GMX Market Pools.

### GMX Market Pools

GMX V2 consists of 'Market' pools, which are comprised of:

* Index Price Feed: Long and short tokens will be opened/closed based on this price feed.
* Long Token: The token that 'backs' long positions.
* Short Token: The token that 'backs' short positions.

e.g. ETH/USD:

* Index Price Feed: ETH/USD.
* Long Token: ETH tokens back long positions.
* Short Token: USDC tokens back short positions.

<figure><img src="https://1308221572-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MiihhDZYtNvGU8rJ3vI%2Fuploads%2FW0mkavcDVIliHgS1NuFh%2FScreenshot%202023-12-02%20at%209.56.00%20am.png?alt=media&amp;token=814b6379-51fc-42a5-b946-6af8569f43d0" alt=""><figcaption><p>GMX V2 'GM' Pools</p></figcaption></figure>

### Pricing GM Tokens

The price of the GM token depends on:

* The price of the long tokens.
* The price of the short tokens.
* The net pending PnL of traders' open positions.

Fees from leverage trading and swaps will automatically increase the price of GM tokens.

***

Source: GMX Docs, [*<mark style="color:yellow;">Liquidity on V2</mark>*](https://gmx-docs.io/docs/providing-liquidity/v2/)