100x on gold perps when CME caps you at ~15x on GC futures — DeFi leverage on commodities is now multiples beyond TradFi. GMX pricing these 24/7 via Chainlink Data Streams while COMEX closes for 45 minutes daily and shuts entirely on weekends means the oracle is quoting prices during thin liquidity windows with no reference market backing it. Previous XAUT launch was capped at 25x, so if commodity pairs are actually getting 100x now, GMX LPs are absorbing a completely different risk profile than what they signed up for with crypto perps.

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