GMX Community Proposes Adjustment of Revenue Allocation Mechanism to Repurchase and Distribute GMX
Publication Time:2024-07-26 19:56:06
In a significant decision recently, the GMX community voted in favor of a proposal on the Snapshot platform that proposes a major overhaul of its revenue distribution mechanism. The core of this proposal is to shift from the current model of repurchasing Ethereum (ETH) and distributing ETH, to repurchasing GMX and distributing GMX instead. This change aims to leverage the benefits of the 'repurchase' strategy to enhance the long-term value retention capabilities of GMX more effectively, while also increasing user satisfaction and strategic flexibility for the protocol. Additionally, the proposal emphasizes the importance of minimizing model changes and maintaining the key advantage of 'real returns'. By making such adjustments, the GMX community seeks to achieve a more stable financial structure, fostering a more stable and sustainable development environment for participants within the ecosystem.
GMX
Distribution
Revenue Allocation
Repurchase
Community Proposal