PANews
PANews|Oct 22, 2026 01:46
[Proposal to Use Remaining Revenue from Solana for Buybacks and Introduce a 180-Day Unstaking Waiting Period] The GMX governance forum has released the GMLabs-003 proposal, which plans to allocate all remaining protocol revenue from the Solana side, after deducting GT buybacks, for the buyback of GMX. The purchased tokens will be added to the staking rewards pool, while the GT buyback mechanism will remain unchanged. The proposal also intends to introduce a 180-day unstaking waiting period for both existing and new GMX and esGMX staking positions on Arbitrum and Avalanche. The waiting period will begin from the time an unstaking request is submitted, and previously staked time will not be counted. Pending requests can be canceled, and existing positions do not need to be migrated. These adjustments are planned to be implemented on October 28, subject to the readiness of implementation.
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