GMX v1 liquidated old BTC positions and incurred $13 million in fees, part of which will be used to repurchase GMX
On April 7th, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, incurring over $13 million in fees, including borrowing costs. It is reported that 30% of these fees will be used to repurchase GMX tokens. Additionally, he mentioned that a $4 million TWAP (time-weighted average price order) is in effect for a token with a market value of $100 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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