GMX DAO Committee Member Election Requirements

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GMX DAO Committee Member Election Requirements

GMX Holdings Requirement

Purpose

To ensure committee members are highly aligned with GMX’s long-term vision and interests, candidates must meet a minimum GMX token holdings requirement.

Minimum Holdings Standard

  1. Minimum Threshold: Candidates must hold at least 5,000 GMX tokens continuously for a minimum of 6 months prior to the election date.

  2. Verification Process

    • Token holdings will be verified through on-chain blockchain records
    • Candidates must demonstrate continuous ownership of the required token amount without transfer or sale
    • Tokens held in cold storage or locked in governance contracts are considered eligible

Fundamental Rationale

  • Demonstrate long-term commitment to the GMX ecosystem
  • Ensure candidates have significant financial stakes in the protocol’s success
  • Align individual interests of committee members with the protocol’s long-term growth and sustainability

Additional Considerations

  • Token holdings will be publicly disclosed during the election process
  • Candidates must maintain the minimum token threshold throughout their committee term
  • Any violation of the holdings requirement will result in immediate disqualification or removal from the committee

Exceptions and Flexibility

  • In special circumstances, the DAO may consider alternative mechanisms to prove long-term commitment
  • A community review process can be established to evaluate edge cases
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