According to @SigmaSquared, the GMX v1 platform recently liquidated an old BTC position, incurring more than $13 million in fees, including borrowing costs.
It is reported that 30% of this fee will be used to buy back GMX tokens. In addition, he mentioned that there is a TWAP (Time Weighted Average Price Order) worth 4 million dollars that is acting on tokens with a market cap of 100 million dollars.
GMX v1 liquidates old BTC positions incurs $13 million fee, part of which will be used to repurchase GMX
2025-04-07 08:59:01
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