GMX The proposal intends to use the remaining revenue on Solana for buybacks and introduce a 180-day unstaking waiting period
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GMX The proposal plans to adjust the use of revenue on Solana and set a 180-day unstaking waiting period for certain staking positions.
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GMX The proposal intends to use the remaining revenue on Solana for buybacks and introduce a 180-day unstaking waiting period
PANews October 22 reported that the GMX governance forum published a GMLabs-003 proposal to use all remaining protocol revenue on Solana after deducting GT buybacks for further buybacks GMX, with the purchased tokens added to the staking rewards pool. The GT buyback mechanism will remain unchanged. The proposal also plans to introduce a GMX、esGMX-day unstaking waiting period for existing and new 180 staking positions on Arbitrum and Avalanche, calculated from the submission of an unstaking request; previously accrued staking time will not count. Pending requests may be canceled, and existing positions do not need to be migrated. The above adjustments are planned for October 28 implementation, subject to implementation readiness.
According to PANews, the GMX governance forum published a GMLabs-003 proposal.
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The proposal plans to use all remaining protocol revenue on Solana after deducting GT buybacks for further buybacks GMX。
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The purchased GMX tokens will be added to the staking rewards pool, and the GT buyback mechanism will remain unchanged.
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The proposal plans to introduce a GMX、esGMX-day unstaking waiting period for existing and new 180 staking positions on Arbitrum and Avalanche.
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180 The period begins when an unstaking request is submitted, and previously accrued staking time does not count.
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Pending unstaking requests may be canceled, and existing positions do not need to be migrated.
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The adjustment is planned for October 28 implementation, subject to implementation readiness.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
If the proposal is implemented, the protocol revenue remaining on Solana after completing GT buybacks will be used to purchase GMX, and the purchased tokens will enter the staking rewards pool. Meanwhile, after submitting an exit request for the relevant staking positions on Arbitrum and Avalanche, users will need to wait 180 days before unstaking.
Why it matters to readers
The proposal also involves GMX buyback arrangements and staking exit rules: the former changes the use of part of the protocol revenue, while the latter lengthens the exit waiting time for the relevant staking positions.
New users participating in GMX or esGMX staking should pay particular attention: the 180-day waiting period begins only when an unstaking request is submitted, and past staking time cannot be credited.
Risks and unknowns
The original text does not state whether the proposal has passed a governance vote.
The original text does not confirm that the adjustment will definitely be implemented in October 28; it only states that this depends on implementation readiness.
The original text does not provide the remaining protocol revenue on Solana or the actual GMX buyback scale.
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Protocol Revenue
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