PANews reported on April 7 that according to @SigmaSquared’s monitoring, the GMX v1 platform recently liquidated an old BTC position, generating more than $13 million in fees, including borrowing fees. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, he mentioned that a $4 million TWAP (time-weighted average price order) is acting on a token with a market value of $100 million.
GMX v1 liquidated old BTC positions and incurred $13 million in fees, part of which will be used to repurchase GMX
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