# GMX: Transition from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX”

**URL:** <https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693>\
**Category:** Proposals\
**Tags:** governance\
**Created:** [July 20, 2024, 2:23am UTC](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693 "2024-07-20T02:23:45Z")\
**Posts on this page:** 1\
**Showing post:** 21

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**Author:** ![0xLaJota](https://avatars.discourse-cdn.com/v4/letter/0/94ad74/32.png) [@0xLaJota](https://gov.gmx.io/u/0xLaJota)\
**Post date:** [July 22, 2024, 12:17pm UTC](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693/21 "2024-07-22T12:17:50Z")

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Hello, good proposal but i have 1 question :  
What will happen to the Beefy vault which autocompounds ETH into GMX? it will be necessary to update the vault, does it depend on Beefy or GMX?

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_[View the full topic](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693)._