GMX proposes $10 million market-making fund and GT buyback launch
- —The proposal would allocate $10 million from the GMX treasury to a market-making fund
- —When market cap is below aggregate OI the fund will buy back GMX; above it, it will provide liquidity
- —A GT buyback and a GT airdrop for GMX stakers were announced
- —The roadmap includes cross-margin modes, RFQ and integration with Robinhood
Why it matters: Buybacks and liquidity support could ease selling pressure on GMX, but the decision rests with the DAO vote.
Source: PANews