On November 26th, GMX initiated a proposal to increase the coverage of repurchase and distribution fees from 27% to 90%. It is reported that the proposal proposes to reduce the cost allocation ratio of GM LP from 63% to 0% and increase the allocation ratio of GMX Treasury to 73% to support token repurchase and airdrop mechanism. It is expected that the number of monthly repurchases of GMX will increase to 345,534, and the repurchase value will reach $8.489 million. From the perspective of GMX ho...
GMX announced that "changing the revenue distribution model to repurchase and distribute GMX" has passed a snapshot vote and started on-chain voting, which will close on August 5. The proposal proposes to change GMX's current revenue distribution model from "repurchase ETH and distribute ETH" to "repurchase GMX and distribute GMX".
According to official news, GMX announced the launch of the wstETH-USDe marketplace on Arbitrum. The new ETH-USD marketplace on GMX V2 is powered by bridging wstETH and USDe, offering spot and perpetual futures contract trading, and enabled by Chainlink Data Streams.
On July 26th, the GMX community has initiated a vote on the "Change the income distribution model to repurchase and distribute GMX" proposal in Snapshot, proposing to change the current income distribution model of GMX from "repurchase ETH and distribute ETH" to "repurchase GMX and distribute GMX". According to the proposal, the change is intended to leverage the benefits of "buybacks" to enhance GMX's long-term value retention, optimize user experience and strategic flexibility of the agreement...
GMX在X平台宣布其Multiplier Points系统已完成更新,MP已按25:1的比例转换为esGMX,收到的esGMX可根据用户当前平均质押代币数量归属。
On July 17, according to the Snapshot governance page, the GMX community voted to list PEPE, SHIB and WIF market proposals on v2, and risk committees and administrators will be able to offer synthetic and backed markets for these assets in GMXv2.
GMX and Gains Network have submitted proposals to integrate their liquidity into the Kwenta platform, the Synthetix ecosystem trading platform. The move aims to enhance the trading experience for Kwenta users by providing access to more markets and liquidity, while leveraging Kwenta's user experience-centric roadmap, which includes allowing traders to log in with traditional Web2 credentials and sponsor gas-free trades.