GMX DAO has recently approved a strategy aimed at reducing price pressure caused by the limited impact of ongoing buyback programs and the additional supply on centralized exchanges. Under this new approach, starting this week, staking rewards will be redirected to the protocol’s treasury, while liquidity will be concentrated within GMX’s own infrastructure. This measure is designed to improve the price discovery process, limit the effects of excess supply on the market, and strengthen support for the protocol’s intrinsic value. GMX is a well-known decentralized finance (DeFi) platform offering users various financial services, including staking, trading, and liquidity provision. Recently, the increased availability of GMX tokens in the market has negatively impacted prices, raising concerns among investors. To address this, the DAO has formulated this strategy to stabilize the market and restore investor confidence. If successful, the strategy could lead to greater price stability and enhanced market value for GMX tokens, although overall market conditions and other factors will continue to influence prices.
Source: binance
