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%
Q Appointed as First CEO of GMX Labs After 20-Candidate Search
**GMX Labs has completed its CEO search process.** The Interim Leadership Committee selected **Q** as the protocol's first Chief Executive Officer from a pool of 20 candidates. This appointment follows a governance milestone announced in March, when GMX opened applications for the CEO position. The role focuses on: - Leading strategic direction - Formalizing organizational structure - Strengthening partnerships - Guiding expansion efforts The search targeted proven leaders with experience in decentralized infrastructure and scaling operations. The position was open to qualified candidates from any background.
GMX Appoints Q as New CEO After 20 Applications
GMX has selected **Q** as its new CEO following an open application process that attracted 20 candidates. **Key Details:** - Q is a long-time GMX community member and top token holder - Previously led [@gmtrade_xyz](https://twitter.com/gmtrade_xyz) - Application process closed April 3, 2026 - Full announcement available on [GMX DAO forum](https://gov.gmx.io/t/ceo-search-applications-are-now-open-deadline-april-3-2026/5064/14) The appointment marks a significant milestone for the decentralized perpetuals exchange as it formalizes leadership structure while maintaining its community-driven approach.
GMX Expands Energy and Precious Metals Trading Across Four Chains
GMX has made its energy commodity and precious metals markets accessible across **four major blockchains**: Arbitrum, Ethereum, BNB Chain, and Base. **Available Markets:** - WTI Crude Oil (WTIOIL/USD) - Brent Crude Oil (BRENTOIL/USD) - Natural Gas (NATGAS/USD) - Gold and Silver **Key Features:** - 24/7 trading availability, including weekends - Up to 100x leverage on WTI and Brent, 40x on Natural Gas - 12 basis points fees during market hours - Price data via Chainlink Data Streams - Permissionless synthetic markets backed by WETH and USDC Traders can now react to geopolitical events and supply data in real-time through GMX's crosschain account system at [app.gmx.io](http://app.gmx.io).
GMX Launches MEGA/USD Perpetuals with 50x Leverage on Arbitrum and MegaETH
GMX has introduced MEGA/USD perpetual futures trading on both Arbitrum and MegaETH networks, available from day one of launch. **Key Features:** - Up to 50x leverage for long and short positions - Powered by Chainlink Data Streams for low-latency price feeds - Same oracle infrastructure supporting GMX's 100+ markets across 8 chains The integration with MegaETH's 10-millisecond block times, combined with Chainlink's high-speed data feeds, aims to provide faster execution and reduced liquidation risk for traders. This expansion demonstrates GMX's continued growth in offering diverse trading pairs across multiple blockchain networks.
GMX Expands RWA Trading with Energy Commodities on Arbitrum
GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.