Next Steps in the Bridge Proposal Process
This post confirms the next steps following the recent discussion, public posting, and AMA:
- Snapshot Vote: A Snapshot vote will begin on Friday, April 4th and remain open for one week.
- Proposal Scope: The vote covers the messaging bridge portion of the proposal from each of the three primary bidders: Chainlink, LayerZero, and Wormhole.
- Acknowledgments: We appreciate the coalition partners who supported these proposals for fast/intent bridging and remain committed to building partnerships in this area.
Negotiations & GSR Involvement
As noted in the previous update, contributors have been in discussions with potential messaging bridge partners regarding their involvement in supporting the GSR. These negotiations, outlined in the tender process, will be conducted with Labs for the benefit of the DAO, though not all details may be publicly disclosed.
Guidance on GSR Contributions
Below is an overview of how each partner proposes to align with the GSR, which is a program designed to create a long term safety and security program for the protocol.
For more Information on the GSR: Proposal to Establish the GMX Safety Reserve (GSR)
-
Chainlink
- Compliant
- Full coverage of Chainlink products and select global occurrences
- No token swap proposed
-
LayerZero
- Compliant
- Includes proposed GSR support and token swaps under the tender terms
-
Wormhole
- Alternatively Compliant
- Proposes a conditional future token swap in place of a direct contribution
We encourage you to consider these details carefully when casting your vote. If you have any further questions, feel free to raise them prior to or during the voting window. Thank you for your ongoing participation in this process.
Proposal Links
Chainlink - Bridging & Messaging Partner for GMX - #8 by Raoul
LayerZero - Bridging & Messaging Partner for GMX - #10 by LayerZeroLabs
Wormhole - Bridging & Messaging Partner for GMX - #12 by axelar-wormhole