GMX v1 liquidates old BTC positions to generate $13 million in fees, part of which will be used to repurchase GMX
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2025-04-07 17:03 2,888
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According to the report on April 7, according to @SigmaSquared, the GMX v1 platform recently liquidated an old BTC position, incurring more than $13 million in fees, including loan fees.
It is reported that 30% of this fee will be used to repurchase GMX tokens. Additionally, he mentioned that a TWAP (time-weighted average price order) worth $4 million is being used on tokens with a market capitalization of $100 million.