GMX launches proposal to increase buyback and distribution fee coverage from 27% to 90%
Editor
2024-11-26 01:32:01 5,698
Share to:
According to news on November 26, GMX launched a proposal to increase the coverage of repurchase and distribution fees from 27% to 90%. It is reported that the proposal recommends reducing the fee allocation ratio of GM LP from 63% to 0%, and increasing the allocation ratio of GMX Treasury to 73% to support the token repurchase and airdrop mechanism. It is expected that the number of GMX repurchases per month will increase To 345,534 pieces, the repurchase value reached US$8.489 million.
From the perspective of GMX holders, the proposal presents a symmetrical option to the community, which is to directly adjust the fee distribution ratio. However, it is worth noting that any changes to the economic model may have a long-term impact on the price performance of GMX, and the benefits of increasing the percentage and the negative effects of changing the economic model will ultimately be borne by GMX holders.