GMX Buyback Program Continues with 34,500 Tokens Repurchased
GMX Buyback Program Continues with 34,500 Tokens Repurchased
馃搲 GMX APR Drops
GMX maintains steady token buybacks under its Buyback & Distribute model, repurchasing over 34,500 GMX tokens in the past week.
The program directly rewards GMX stakers through token distribution, though staking APR has declined from 31.52% to 22.14% compared to the previous week.
- Current staking APR: 22.14%
- Weekly buyback: 34,500+ GMX tokens
- Previous week's buyback: 41,700 tokens
The consistent buyback activity demonstrates GMX's commitment to returning value to token holders through its systematic reward mechanism.
Over 34,500 GMX tokens were repurchased in the past week, under the Buyback & Distribute model that rewards GMX Stakers. Current APR for Staking: 22.14%
As part of the Buyback & Distribute program that rewards GMX Stakers, over 41,700 GMX tokens were repurchased this week. The current APR for Staking is: 31.52%
GMX V2 GM Vaults Offer Real Yield on USDC, ETH, and BTC
**GMX V2 launches single-sided GM Vaults** offering real yield opportunities for USDC, ETH, and BTC holders. Key features: - **Single-token exposure** - maintain full crypto exposure without impermanent loss - **Double-digit APRs** available on BTC and ETH - **Fee generation** from supporting decentralized trading activity The new pools have already attracted **$15+ million in liquidity** within days of launch, demonstrating strong market demand. **How it works:** Liquidity providers earn fees by supporting trading on the GMX decentralized exchange while keeping their original token exposure intact. [Access GM Vaults](https://app.gmx.io/#/earn) This represents a significant upgrade to GMX's yield-earning infrastructure, allowing users to generate returns without the complexity of traditional liquidity provision.
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
**GMX attracts over 14,000 liquidity providers** earning from three revenue streams: market-making, swaps, and borrowing fees. **SOL/USD pool performance highlights:** - $11M in liquidity at ~90% utilization - **32.52% Fee APR** over the last month - Extra **38% APR** above benchmark (corrected from initial 3.8%) - Significantly outperforming JLP **Key advantages for liquidity providers:** - Receive **63% of all trading fees** - Lower impermanent loss vs typical AMMs - Consistently outperform benchmark LP positions - Limited exposure to trader P&L due to balanced Open Interest **GMX V2 features:** - Balanced Open Interest through LP/trader incentives - Adaptive Funding mechanism - Generally positive long-term returns Users can bridge SOL tokens to Arbitrum via PortalBridge and deposit directly into the [SOL/USD pool](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).
GMX GLV Tokens Now Accepted as Collateral on Radiant
**GMX liquidity providers gain new borrowing options** as Radiant's money market now accepts GLV tokens as collateral. **Key developments:** - GLV [WETH-USDC] and GLV [BTC-USDC] tokens now eligible for collateral use - **~$60 million in liquidity** unlocked for GMX V2 LPs - Enhanced capital efficiency for existing liquidity positions **What this means:** GMX V2 liquidity providers can now **borrow against their positions** without withdrawing from pools, maximizing capital utilization across DeFi protocols. This follows Venus Protocol's similar integration of GM tokens, showing **growing institutional acceptance** of GMX liquidity tokens as valuable collateral assets.
GMX Summer Updates: Express Trading, 16 New Markets, and Bitcoin L2 Expansion
GMX rolled out significant platform improvements this summer across multiple fronts. **Key Developments:** - **GMX Express** launched with gasless, interruption-free onchain trading experience - **16 new markets** added including AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO - **Distribution completed** for Arbitrum GLP holders affected by previous vulnerability - **Educational expansion** with GMX Perpetuals Trading course now live on Updraft platform **Platform Expansion:** - **US stocks and ETFs** now available on GMX-Solana including SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, and MSTR - **Botanix deployment** brings GMX to Bitcoin L2, enabling Bitcoin-native leverage trading - **New order types** including TWAP orders alongside existing Stop Market orders These updates expand GMX's trading capabilities across multiple chains while improving user experience through gasless transactions and educational resources. Join [GMX Telegram](https://t.me/GMX_IO) or [Discord](https://discord.gg/H5PeQru3Aa) for more details.