GMX Launches Proposal to Increase Repo and Distribution Fee Coverage from 27% to 90%
On November 26th, GMX initiated a proposal to increase the coverage of repurchase and distribution fees from 27% to 90%. It is reported that the proposal proposes to reduce the cost allocation ratio of GM LP from 63% to 0% and increase the allocation ratio of GMX Treasury to 73% to support token repurchase and airdrop mechanism. It is expected that the number of monthly repurchases of GMX will increase to 345,534, and the repurchase value will reach $8.489 million.
From the perspective of GMX holders, the proposal presents a symmetrical option to the community to directly adjust the fee allocation ratio. However, it is worth noting that any change in the economic model may have a long-term impact on the price performance of GMX, and the benefits of increasing percentages and the negative effects of changing the economic model will ultimately be borne by GMX holders as well.