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ETH $2,377.85 +1.02%
BNB $636.15 +0.91%
XRP $1.45 +0.10%
SOL $87.56 -0.99%
TRX $0.3276 +0.82%
DOGE $0.0971 -1.75%
ADA $0.2547 -1.10%
BCH $450.77 +0.27%
LINK $9.49 -0.23%
HYPE $44.79 +1.73%
AAVE $113.68 -1.31%
SUI $0.9882 -0.72%
XLM $0.1714 +1.88%
ZEC $331.98 -0.99%

GMX: The "Buyback and Distribution of GMX" proposal has been approved and is awaiting execution

2024-08-08 23:56:26
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ChainCatcher message, GMX posted on social media stating that the GMX community has initiated a proposal vote to "change the income distribution model to buyback and distribute GMX," which has received majority support from the GMX DAO and is currently queued for execution.

The proposal states that this change aims to leverage the advantages of "buybacks" to enhance GMX's long-term value retention capability, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of "real yields."

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