This gives staked $GMX a second reward stream on top of the existing staking rewards, and the design is built to reward stakers who hold through the full window, not farmers who opportunistically jump in at the end.
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GM Labs is rolling out a GT airdrop for GMX stakers, rewarding average staked GMX over the snapshot window at a 1:1 ratio, with a ~100 GMX minimum.
GT Buyback Season 2 also begins: referral rewards remain at 50%â100% of GT earned by referees through trading, scaling with VIP tier. Referral quotas are the only route to sell GT into the buyback.
On GMTrade, buybacks will run daily, with ~99% of protocol fees now flowing into the buyback and ~1% going to LPs. LPs continue to earn GT through staking and benefit directly from the stronger buyback.