My proposal Dynamic BBD Adjustment - Capping APR and Accumulating Overhead does exactly that- steadily buys and removes GMX from market creating buy pressure and token price uptrend. Only difference my solution is long term play and accumulated GMX will eventually be paid back to stakers (only when token price rise enough to catch fair valuation). And the best part- no treasury committee, no new contracts or audits needed because everything already in place and working fine for a year.
Your solution is desperate price manipulation in hope $5M market buy will make big impact and lasting impression. It wont. We had big flash rally on 2025-07-09 when price shot from $14 to $35 and it was short lived because 500k GMX was unstaked and dumped same day at avg $20 price so amounting $10M. And in next few month we had another -50% token price drop to $7.85 just yesterday. Putting in perspective my proposal to cap APR at 10% should create ~$20M buy pressure a year assuming $10 GMX price and $28M fees for buybacks from last year.
I’m for using current treasury funds for initiatives, points program or any other marketing activity. But we have enough GMX in treasury already and it’s no point to convert valuable ETH or USDC to more GMX.