GMX has proposed allocating $10 million from its treasury in the first phase of a fund dedicated to GMX token market making. The strategy would use aggregate open interest across all chains as a reference: buybacks would be prioritized when GMX’s circulating market capitalization falls below aggregate open interest, while liquidity provision would take precedence when market capitalization is not lower than open interest.
The roadmap also includes cross-collateral and cross-margin models, market grouping, net open interest, RFQ, permissionless markets, Robinhood integration, and the USDG LP product line. GMX also plans to initiate GT buybacks and distribute GT airdrops to GMX stakers, with further details expected in a later proposal.
GMX Proposes $10 Million Treasury Fund for Token Market Making
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