GMX

**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 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.

**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 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 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.

GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.

**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.

**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.

**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.

**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).