📄️ 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. Unstaking takes a request and a 180-day wait. For more on the GMX token, see GMX token.