Hi Russiamanbit,
Thank you very much for raising this concern. It made me rethink the possibility of me or some delegates acting maliciously and how to address it. This indeed needs to be considered, especially with the recent governance attack incident on Compound.
For GMX, there is first a general election process on Snapshot. In this process, each of us can only vote based on our own judgment, so there is no risk of manipulation here (especially for a token as decentralized as GMX).
Afterward, there is Tally, where delegates vote. In my opinion, this step is merely a confirmation of the Snapshot results, and unless the delegates have clear objections, they should follow the Snapshot general election results.
In other words, Tally actually functions more as a veto power, while Snapshot reflects community consensus to determine which proposals will be approved and which will not.
Therefore, under this governance structure, if I wanted to act maliciously or if I were hacked and proposed something harmful to GMX, I would not be able to push it to the Tally step, as it would most likely be vetoed at the Snapshot step.
I hope this addresses your concerns.
Q
