$GMX
GMX has initiated a proposal to increase the coverage of repurchase and distribution fees from 27% to 90%. It is reported that the proposal suggests reducing the fee distribution ratio for GM LP from 63% to 0%, and increasing the distribution ratio for GMX Treasury to 73%, to support the token repurchase and airdrop mechanism. It is expected that the monthly repurchase of GMX will increase to 345,534 tokens, with a repurchase value reaching 8.489 million US dollars.
From the perspective of GMX holders, this proposal presents a symmetrical choice to the community, which is to directly adjust the fee distribution ratio. However, it is worth noting that any changes to the economic model may have long-term impacts on the price performance of GMX, and the benefits of increasing the percentage and the negative effects of changing the economic model will ultimately be borne by GMX holders.