The GMX community has initiated a proposal vote to modify the current income distribution model, aiming to enhance the long-term value retention capability of the GMX token. The proposed change involves shifting from the existing model of buying back ETH and distributing ETH to buying back GMX and distributing GMX.

This change seeks to leverage the advantages of the buyback mechanism to optimize user experience, protocol strategic flexibility, and minimize model changes while preserving the benefits of real yield. The proposal aims to enhance the value retention capability of GMX, ensuring its long-term sustainability and growth.

The community's proposal demonstrates a proactive approach to optimizing the GMX protocol and addressing the needs of its users. By considering alternative income distribution models, the community can identify the most effective approach to drive growth and adoption.

The proposal's focus on enhancing GMX's value retention capability highlights the importance of long-term sustainability in the cryptocurrency market. By prioritizing this aspect, the GMX community can ensure the token's continued relevance and growth.

The outcome of the proposal vote will determine the future direction of the GMX income distribution model, with potential implications for the token's value and user experience. As the community makes its decision, it will be crucial to consider the potential benefits and drawbacks of the proposed change.