GMX proposal would use Solana revenue for buybacks and add 180-day unstaking delay
- —Residual Solana revenue after GT buybacks would fund GMX buybacks
- —Purchased GMX would enter the staking rewards pool; GT mechanism unchanged
- —GMX and esGMX on Arbitrum and Avalanche would face a 180-day unstaking delay
- —Implementation is targeted for Oct. 28, subject to readiness
Why it matters: Buybacks funded by Solana revenue reduce GMX supply and support the token, though the long unstaking delay cuts staking liquidity.
Source: PANews