GMX publishes GMLabs-003 proposal: GMX buybacks from Solana revenue and 180-day esGMX lockup

GMX's governance forum published GMLabs-003, proposing two tokenomics adjustments to be implemented Oct 28. After completing the GT token buyback, remaining Solana protocol revenue would be used to buy back GMX, with purchased tokens added to the staking rewards pool. GMX and esGMX on Arbitrum and Avalanche would introduce a 180-day lockup.

Detected & updated continuously · Source: Nebula