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GMX DAO adjusts buyback and liquidity through governance proposals to restore price discovery
Mars Finance reports that GMX DAO recently approved a strategic plan to address the limited effects of ongoing buybacks and the pressure on prices caused by excess supply on centralized exchanges. Under the new plan starting this week, staking rewards will be directed to the protocol treasury, and protocol liquidity will be concentrated within GMX’s own infrastructure. This move aims to optimize price discovery, reduce the impact of excess exchange supply on the market, and strengthen the protocol’s intrinsic value support.