GMX governance update: Proposed to restore price discovery through "streamlining liquidity + lock-up incentives"

PANews reported on March 4th that, according to the GMX governance forum, the community is discussing/revising a plan to withdraw approximately 600,000 GMX from some DEX liquidity and deepen the GMX V2 pool; to set up a pool of 1 million GMX on the CEX with a fixed buy wall of $5, which will only run for one week, and adopt a weekly cycle of "deposit-buy-withdraw" to reduce custody risks; at the same time, staking rewards will be suspended and temporarily stored in the treasury, and will be distributed according to "staking weight (duration × quantity)" after the GMX price breaks through $90, but the staking balance must not be lower than 80% of the peak value, and the front-end disclosure of weight and pending rewards will be updated.

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Author: PA一线

This content is for market information only and is not investment advice.

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