GMX DAO Approves Strategic Plan to Address Price Pressure

GMX DAO has recently approved a strategic plan to tackle the limited impact of ongoing buybacks and the price pressure caused by excess supply on centralized exchanges. According to ChainCatcher, starting this week, staking rewards will be directed to the protocol's treasury, and liquidity will be concentrated within GMX's own infrastructure. This initiative aims to optimize the price discovery mechanism, reduce the market impact of excess supply on exchanges, and strengthen the intrinsic value support of the protocol.