GMX Proposal: Plans to use the remaining income from the Solana side for buybacks and introduce a 180-day unstaking waiting period

The GMX governance forum has released the GMLabs-003 proposal, which plans to use all remaining protocol revenue after the GT buyback on the Solana side to repurchase GMX. The purchased tokens will be added to the staking rewards pool, and the GT buyback mechanism will remain unchanged.

The proposal also intends to introduce a 180-day unbonding waiting period for existing and new GMX and esGMX staking positions on Arbitrum and Avalanche, calculated from the submission of the unbonding request, with the previously staked time not counted. Pending requests can be canceled, and existing positions do not need to be migrated. The above adjustments are scheduled to be implemented on October 28, depending on the readiness for implementation.