Summary
The GMX Listing Committee is being wound down after four terms. This is a decision about product direction, not about the committee’s work. From here, listing decisions will be handled internally. This post shares that decision with the wider community and recognizes what the committee built since October 2024.
Background
The Listing Committee began on October 28, 2024 as a three-member body, elected by the DAO, that evaluated and approved new asset listings on GMX. Across its four terms it ran a structured, transparent process, assessing assets on liquidity, volatility, trading interest, market cap, oracle availability, and fit with GMX’s risk parameters, working closely with Chainlink and Chaos Labs on oracle support and risk modeling.
Six people served on the committee across its four seasons: Wing, Q, Kyzo, Immie, Simon, and Snipermonke. Wing and Q anchored the first two seasons, with Kyzo in the founding lineup and Immie stepping in during season one. Immie carried through the later seasons, joined by Snipermonke and Simon for seasons three and four. Thanks to all of them for the work.
What the committee delivered
Over four seasons, the committee listed 63 new assets on GMX. Season 1 brought 33 assets to Arbitrum plus 21 markets deployed on GLV, and a mid-season shift from listing purely on Chainlink price-feed availability to prioritizing assets in high demand let the committee list the TRUMP token within 48 hours of demand emerging. Later seasons added 19 assets on GMX V2, including Day 1 listings for DOLO, PUMP, and WLFI, followed by 11 more on Arbitrum, with XAUT the standout performer at around $1M/day. Together these made up a large share of the market lineup GMX offers today.
Across all four terms, the committee brought forward a large share of the market lineup GMX offers today.
Why it is ending
The reasons are about where the product is going.
Liquidity is being concentrated on the most traded markets, where most of the volume already sits, and some of the altcoin markets that are no longer in demand are being delisted. That reduces the need for a continuous listing pipeline.
New listing demand, specifically for crypto assets, has slowed to the point where there is not much of a pipeline left to assess.
The plan is also to list the top stock market assets. That is a limited selection that does not change often or need frequent adjustment.
Taken together, the dedicated evaluation function the committee provided is no longer needed at the same scale.
What changes
The Listing Committee cooperation is ending. Members were told directly last week. Listing decisions will be handled internally going forward, and the monthly honorarium of $1,000 per member ends with the term. If anyone comes across an asset worth a look, post it in the internal chats and it will be picked up.
Thanks to the committee
Thank you to Wing, Q, Kyzo, Immie, Simon, and Snipermonke, and to everyone else involved in the listing processes.
Closing
Questions about the transition are welcome below.