GMX DAO Continues Token Buyback Program with 16,250 GMX Repurchased
GMX DAO Continues Token Buyback Program with 16,250 GMX Repurchased
🔄 GMX quietly buying back
GMX DAO Token Buyback Update
The GMX DAO has repurchased 16,250 $GMX tokens for approximately $111,000 between March 11-17, 2026, at an average price of $6.83 per token.
Program Totals (March 5-17):
- 29,780 GMX tokens re-acquired
- Total investment: ~$200,000
- Blended average price: $6.72 per token
This marks the continuation of GMX's systematic buyback program, with the DAO steadily accumulating tokens at prices ranging from $6.62 to $6.83 throughout March. The buyback demonstrates the protocol's commitment to managing its token supply and supporting token value for its community.
The GMX DAO has re-acquired 16,250 $GMX for approximately $111,000 at an average price of ~$6.83 per token between March 11–17, 2026. 🫐 - Program Total (Mar 5–17): 29,780 GMX tokens re-acquired for around $200,000 at a blended average of ~$6.72. 🔵
GMX Seeks CEO to Lead Protocol Strategy and Growth
**GMX is hiring its first CEO** in what the protocol calls a "governance milestone." **The Role:** - Lead protocol strategy and operations - Formalize organizational structure - Strengthen partnerships - Guide expansion phase for the established DeFi perpetuals exchange **Requirements:** - Proven leadership experience - Understanding of decentralized infrastructure - Track record of scaling protocols **Application Details:** - Open to qualified candidates from any background - Full profile available on [GMX Governance forum](https://gov.gmx.io/t/ceo-search-applications-are-now-open-deadline-april-3-2026/5064) - Deadline: April 3, 2026 This marks a significant step in GMX's evolution as it transitions from a purely decentralized governance model to a hybrid structure with formal leadership.
GMX Activates $5 Buy-Wall Floor with 1M Token Support Through March 25
**GMX has deployed a strategic buy-wall floor at $5 per token, backed by 1 million GMX tokens from the Treasury.** The initiative runs from March 18-25 and represents the next phase of GMX's 'Strategic Plan to Restore Price Discovery.' The protocol has already completed its liquidity consolidation and shifted buybacks to centralized exchanges for continuous execution. **Key Details:** - Buy orders will activate automatically if GMX trades at or below $5 - Execution spans both on-chain venues and CEXs via iceberg orders - Funds approved through Tally governance vote - Assets secured in GMX multi-sig wallet managing Protocol-Owned Liquidity The buy-wall aims to absorb excess supply pressure while potentially accumulating tokens at favorable prices. This defensive mechanism provides a temporary price floor during the weekly epoch window. More information: [GMX Governance Forum](https://gov.gmx.io/t/buy-wall-floor-deployment-march-18-25-epoch/5062)
GMX Treasury Activates $5 Million Buy Wall to Support Token Price
GMX has deployed a **1 million token buy wall at $5** to stabilize its token price during the March 18-25 epoch. **Key Details:** - Buy orders will execute automatically if GMX trades at or below $5 - Purchases occur across both centralized exchanges and on-chain venues - Funds approved via Tally governance vote and held in protocol multi-sig wallet - Iceberg orders now active on CEXs with additional support ready This follows the successful completion of GMX's liquidity consolidation strategy and the transition of buyback operations to centralized exchanges. The buy wall aims to absorb excess supply and potentially accumulate tokens at favorable prices. The timing aligns with GMX's standard 7-day governance epoch starting Wednesday. More details: [GMX Governance Forum](https://gov.gmx.io/t/buy-wall-floor-deployment-march-18-25-epoch/5062)
GMX Opens Security Council Election for Season 4
GMX has launched a governance vote to elect members for its **Security Council Season 4**. Community members can now cast their votes at [snapshot.box](https://snapshot.box/#/s:gmx.eth/). **What the Security Council does:** - Reviews protocol upgrades before implementation - Oversees timelock transactions for security - Provides governance feedback on risk management This follows GMX's previous governance initiatives, including the Season 3 Listing Committee election that established a 3-member team for managing new asset listings. Voting is currently open for all GMX token holders.