Discussion: Supporting GMX Solana Expansion via Monthly GT Token Treasury Swap

Proposals
5

some thoughts on this proposal

  1. GMX Solana has delivered on the code for the GMX Solana perp DEX, however finding the right product market fit has been difficult, if this investment is made we must also accept that it may not eventually pay off
  2. My understanding is that all core GMX Solana contributors are working on a voluntary basis and not receiving any payments, I believe the cost of $110k is only for infra, interface devs and audits for security. I think it would be good if a high level breakdown of the costs could be provided for more transparency on how the funds would be used
  3. I would propose that if this investment is made, that it be time bound to 12 months, so in 12 months either GMX Solana would be fully self sufficient, or we unfortunately would have to cease any further development on it, if the fees are not sufficient to cover the infra costs, then it may have to cease operation altogether
  4. perhaps some information could be shared on the plan for the next few months so the community can better make a decision on this

the details of GMX Solana tokenomics can continue to be adjusted, we should just be careful with changes that may make it even more difficult for GMX Solana to gain traction

for the time being, that GMX Solana’s tokenomics are based on buying back GMX is sufficient alignment in my view, and i believe GMX Solana contributors are open to changing the tokenomics based on a GMX community vote, i think this can be a separate discussion

i personally believe that it would be worthwhile giving GMX Solana 12 more months to continue to try to gain traction, because if GMX Solana ceases operation right now it would also mean accepting that GMX would no longer have a Solana deployment, which i feel is too early to give up here

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