GMX staking proposal to introduce a 180-day unstaking wait period, with remaining protocol revenue on Solana to be used for buybacks

Odaily reports that the GMLabs-003 proposal plans to use all remaining protocol revenue on Solana, after deducting GT buybacks, for GMX buybacks, with the purchased tokens added to the staking rewards pool and the GT buyback mechanism remaining unchanged. The proposal also plans to introduce a 180-day unstaking wait period for existing and new GMX and esGMX staking positions on Arbitrum and Avalanche, calculated from the time the unstaking request is submitted, with previously staked time not counted; pending requests can be canceled, and existing positions do not need to be migrated. The above adjustments are planned to be implemented on October 28, subject to implementation readiness.