GMX has announced the repurchase of approximately 16,800 GMX tokens from the open market over the past week as part of its ongoing buyback and distribution plan. The initiative aims to enhance token value and provide returns to stakers. For the upcoming week, the annualized staking yield is projected at 11.94%.
Since the inception of the buyback program, GMX has repurchased a total of 2,031,625 tokens. Stakers have benefited from an average annualized yield of 21.59%, reflecting the program's success in delivering consistent returns.
GMX Executes Buyback of 16,800 Tokens in One Week
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