๐—š๐—ง ๐—”๐—ถ๐—ฟ๐—ฑ๐—ฟ๐—ผ๐—ฝ ๐—ณ๐—ผ๐—ฟ ๐—š๐— ๐—ซ ๐—ฆ๐˜๐—ฎ๐—ธ๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—š๐—ง ๐—•๐˜‚๐˜†๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ฆ๐—ฒ๐—ฎ๐˜€๐—ผ๐—ป ๐Ÿฎ

GM Labs is rolling out a GT airdrop for GMX stakers, rewarding average staked GMX over the snapshot window at a 1:1 ratio, with a ~100 GMX minimum.

GT Buyback Season 2 also begins: referral rewards remain at 50%โ€“100% of GT earned by referees through trading, scaling with VIP tier. Referral quotas are the only route to sell GT into the buyback.

On GMTrade, buybacks will run daily, with ~99% of protocol fees flowing into the buyback and ~1% going to LPs. LPs continue to earn GT through staking and benefit directly from the stronger buyback.

Read the full announcement on the gov.gmx.io Governance forum.