$GMX Tokenomics Update

GMX is introducing two changes to its tokenomics:

* Remaining Solana-side revenue after GT buybacks will be used to buy back $GMX for the staking rewards pool.
* A 180-day unstaking timelock will apply to staked GMX and esGMX on Arbitrum and Avalanche.

The buyback mechanism adds demand for $GMX, while the 180-day lock reduces the flexibility of stakers to exit.

The key question is whether sustained buybacks and reduced liquid supply can offset selling pressure over time.