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GMX launches a proposal to increase repurchase and allocation fee coverage from 27% to 90%

On November 26, GMX launched a proposal to increase the coverage of repurchase and allocation fees from 27% to 90%. It is reported that the proposal proposes to reduce the fee allocation ratio of GM LP from 63% to 0%, and increase the allocation ratio of GMX Treasury to 73%, to support the token repurchase and airdrop mechanism. It is expected that the number of GMXs repurchased each month will increase to 345,534 units, with a repurchase value reaching US$8.489 million. From the perspective of GMX holders, the proposal presents the community with a symmetrical option to directly adjust the fee allocation ratio. However, it is worth noting that any change in the economic model may have a long-term impact on GMX's price performance, and the benefits of increasing the percentage and the negative impact of changing the economic model will ultimately be borne by GMX holders.

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