Clarification on GMX Solana

1

In the GMX Labs Funding Proposal, it is mentioned that GMX Solana received 0.8M in funding.
Now it’s rebranding as GMTrade and issuing its GT token, what ownership or revenue or else do GMX holders get from that project?

PS: Creating a new thread not to pollute the Labs 2026-27 funding discussion.

2

  1. GMX is the largest holder of GT and is entitled to a 50% discount when performing GT Treasury Swaps, a privilege it will continue to enjoy going forward.

  2. The GMTrade Treasury will continuously use available funds to purchase GLV: GMX-USDC, thereby maintaining ongoing GMX exposure.

  3. GMTrade’s experiments and iterations across multiple areas will provide valuable references for GMX, including the design of RWA risk parameter models and insights gained from real-world operation.

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3

A good example is the success of Forex pairs in GMTrade, it showcases that forex is important among the other RWA assets…

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4

Imho, a better way to support GMX would be for you to acquire GMX tokens instead of GLV, in return for the generous help and funding GMX gave you :slight_smile:

Just curious, did some team members of GMX get personal allocations or exposure to GT as well?

5

GT was a 100% trade-to-mint token at launch. So there were no personal allocations. But various people in the GMX community, of course, did engage in that incentivized trading campaign. I don’t know who holds what exactly; I don’t think anybody does.

6

GLV: GMX-USDC is composed of 50% GMX and 50% USDC. Purchasing GLV effectively converts half of the USDC into GMX.

At the same time, it provides liquidity to multiple markets and offers a GMX swap channel for traders on Solana, thereby expanding GMX’s presence and influence within the Solana ecosystem.

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7

Thanks for the clarification and congrats on the recent traction.

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