GMX stakers to receive GT airdrop as buyback season 2 begins

GT: GT is a token in the GMTrade and broader GMX ecosystem, earned through trading activity, referrals, and liquidity provider staking on the Solana deployment. It supports buyback mechanisms funded by protocol fees and now includes an airdrop allocation to GMX stakers. The token aligns incentives across traders, referrers, and liquidity providers via structured rewards and sell quotas. GMX: GMX is a decentralized perpetual futures exchange protocol operating across multiple blockchains, enabling self-custodial leveraged trading with oracle-based pricing and liquidity pools for providers. It features a native GMX token used for governance and staking rewards from protocol fees. In this development, GMX stakers receive a GT airdrop from GM Labs to reward long-term holders over opportunistic participants. GM Labs: GM Labs is the development team behind the GMX protocol and the GMTrade platform on Solana. It recently advanced proposals for market-making initiatives and incentive programs tied to the GMX ecosystem. This news stems directly from GM Labs' rollout of a GT airdrop and buyback enhancements for GMX stakers. Buyback: On GMTrade, approximately 99% of protocol fees are directed to GT buybacks, with the remainder allocated to liquidity providers who also earn GT through staking. Incentives: GM Labs is implementing a GT airdrop for GMX stakers calculated at a 1:1 ratio based on average staked GMX over a one-month snapshot period, with eligibility requiring sustained holdings.