GMX proposal includes buybacks and a 180-day unstaking wait
An October 22 report says governance proposal GMLabs-003 would direct all remaining Solana protocol revenue after GT buybacks toward GMX buybacks. Purchased GMX would enter the staking-reward pool, while the GT buyback mechanism would remain unchanged.
The proposal would also introduce a 180-day unstaking wait for existing and new GMX and esGMX positions on Arbitrum and Avalanche. The clock would start when an unstaking request is submitted; time already spent staked would not count. Pending requests could be canceled, and existing positions would not need migration. Implementation is planned for October 28, subject to readiness. These are proposed changes and a conditional schedule, not confirmation that the new withdrawal conditions are already effective.
Reported: 10-22 01:45 UTC
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