GMTrade confirms GT Buyback Season 2 starts Sept 28
GMTrade announced that GT Buyback Season 2 begins on September 28 at 00:00 UTC, with buybacks running daily. The launch follows the GT side of the GMX governance proposal outlined earlier, under which Solana-side protocol fees keep feeding the GT points pool.
- Buybacks run daily starting September 28 at 00:00 UTC
- Referral rewards stay at 50%–100% of trading-earned GT, with each referrer's sellable quota tied to the GT their referees earn through trading
- For Season 2, GMTrade is trialing a fee structure: 99% of protocol fees go to the GT buyback and 1% to LPs
Sources
GMX
The GMX is a decentralized exchange protocol that deployed on two EVM chains, Arbitrum and Avalanche. The utiitty and governance token for its Arbitrum ecosystem is GMX, which generates 13% APR for the users. On the other hand, the token for the Avalanche ecosystem is GLP, which gives around 21% APR. GMX also has an API for developers to tap into its infrastructure.
