GMX proposes $10 million market-making fund and GT buyback program

GMX has released a governance proposal to allocate $10 million from its treasury to establish a market-making fund for GMX tokens. The fund will prioritize buybacks when the circulating market cap is below the combined open interest, and shift to providing liquidity when it is not. The roadmap includes cross-collateral and cross-margin modes, market grouping, net open interest, RFQ, permissionless markets, Robinhood integration, and new USDG LP products. Additionally, GMX plans to initiate GT buybacks and distribute GT airdrops to GMX stakers, with further details to follow in future proposals.