GMX Repurchases 16,800 GMX Over Past Week, Total Buybacks Reach 2,031,625

GMX bought about 16,800 GMX tokens from the open market over the past week, BlockBeats reports on Jan. 8. The protocol has repurchased a total of 2,031,625 GMX to date. Its buyback and distribution plan sets a seven-day staking APY of 11.94%, with an average annualized yield for stakers at 21.59%.