GMTrade publicly proposes a soft acquisition of Flash Trade, planning to airdrop GT points to FAF holders and LPs

Odaily News: Solana perpetual futures trading platform GMTrade plans to airdrop GT points to FAF token holders and liquidity providers, though the specific snapshot time has not yet been confirmed. GMTrade stated that this acquisition is not the ideal exit the team originally expected, but under current circumstances, it represents a relatively secure outcome for the community and a clear path forward. Previously, Flash Trade had indicated that if no suitable acquirer were found, the protocol would gradually cease operations and seek to sell its tech stack, brand, and intellectual property, with the proceeds distributed to FAF holders in proportion to their holdings.