📄️ GMX token
GMX is the platform's utility and governance token. Staking GMX earns you a share of protocol fees — 27% of fees from leverage trading, liquidations, borrowing fees, and swaps are used to buy back GMX. Distribution of bought-back GMX is currently suspended; see Staking for details. For more on fee distribution, see Fees. GMX also grants voting power in protocol governance.
📄️ Rewards
Staking GMX earns you a share of protocol fees. 27% of fees from leverage trading, liquidations, borrowing fees, and swaps are used to buy back GMX on the open market — a mechanism approved by the DAO Tally vote. Staking also grants voting power in protocol governance. You can stake and manage rewards on the Earn page. For more on the GMX token, see GMX token.