According to BlockBeats, on July 26, the GMX community initiated a proposal vote on the Snapshot governance page to change the current income distribution model. The proposal suggests shifting from the existing model of 'buying back ETH and distributing ETH' to 'buying back GMX and distributing GMX.'
The proposal states that this change aims to leverage the advantages of the 'buyback' mechanism to enhance GMX's long-term value retention capability. It also seeks to optimize user experience and protocol strategic flexibility while minimizing model changes and fully preserving the benefits of 'real yield.'
