GMX DAO Adjusts Buyback and Liquidity via Governance Plan to Restore Price Discovery

Odaily News GMX DAO recently approved a strategic plan to address the limited effectiveness of ongoing buybacks and the price pressure caused by excess supply on CEXs. According to the new plan, starting this week, staking rewards will be directed to the protocol treasury, and protocol liquidity will be concentrated on GMX's own infrastructure. It is reported that this move aims to optimize the price discovery mechanism, reduce the market impact of excess exchange supply, and strengthen the intrinsic value support of the protocol.