TREE NEWS update: GMLabs-003, a new GMX governance proposal, would direct all remaining Solana-side protocol revenue after GT buybacks toward repurchasing GMX tokens for the staking reward pool, while keeping the GT buyback mechanism unchanged. It would also impose a 180-day unstaking waiting period on existing and new GMX and esGMX staking positions on Arbitrum and Avalanche, counted from the unstaking request, with pending requests cancellable and no migration required. Implementation is planned for Oct. 28, subject to readiness.
GMX Proposal Adds 180-Day Unstaking Wait, Solana Revenue Buyback
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AI take
The 180-day unstaking wait is the sharper edge here: it converts GMX staking from a liquid position into a long-dated commitment, which could thin the pool of yield-chasers while deepening the remaining base. Routing Solana revenue into GMX buybacks, rather than leaving the GT mechanism untouched, signals a preference for concentrating value at the token level. Whether the lock-in deters participation or is absorbed as the cost of the reward pool is the open question ahead of the planned Oct. 28 implementation.
Generated by AI for reference only.
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