GMX Proposal Would Use Solana Revenue for GMX Buybacks, Add 180-Day Exit Lock

Under GMX's GMLabs-003 proposal, Solana protocol revenue left after GT repurchases would fund GMX buybacks, while stakers on Arbitrum and Avalanche would face a 180-day wait to withdraw if the changes take effect. Under the plan, all Solana protocol revenue remaining after the GT buyback would be used to purchase GMX. Tokens acquired in those purchases would then be added to the staking rewards pool. The proposal covers existing and new GMX and esGMX staking positions on both networks. The 180-day countdown would begin when a user submits a withdrawal request; time already spent staking would not reduce the wait.

Source: TokenPost