GMX Governance Committee

Proposals
1

Summary
GMX received 8 million ARB tokens from the Arbitrum DAO in recognition of its contributions as builders and community members, and its pivotal role in growing DeFi on Arbitrum. To ensure the GMX DAO’s voice was heard on Arbitrum, a temporary delegation to Coinflipcanada was set up until the DAO established its own governance infrastructure. This proposal seeks to now establish that voice for GMX in matters related to governance beyond our own DAO.

Motivation
The tokens were delegated to Coinflipcanada as a short-term solution, citing the passing of the STIP proposal and the establishment of a governance committee once GMX officially launches its on-chain DAO governance. (Snapshot)

Rationale

Propose the establishment of a governance committee comprised of five individuals to formalise GMX’s governance structure.

The responsibilities of the GMX Governance Committee will include but are not limited to:

  • Actively participating in governance discussions and voting on proposals by the Arbitrum DAO and other DAOs in which GMX has a voice and interest
  • Representing the interests and perspectives of the GMX community in governance deliberations.
  • Providing regular updates and reports to the GMX community on the outcomes of governance discussions and decisions.
  • Collaborating with other members of Arbitrum governance to promote the interests of the broader DeFi ecosystem.

Initial Setup
In the following bi-yearly elections, all five positions will be directly elected by the DAO. Additionally, there will be a non-voting observer seat from Labs to ensure coordination where necessary. This includes giving feedback to the committee on GMX’s non-governance-related activities with the Arbitrum DAO, foundation, and other external DAOs.

Compensation
Members of the Governance committee would receive an honorarium for their roles. The proposed honorarium is $1000 per month. Nominees from labs are waiving receipt of the honorarium as they are already indirectly compensated and aligned with the GMX DAO through contributor agreements.

Interested candidates could submit their nominations below this post following the template. The Nomination period will be open for about two weeks, and after that, we will have one week of a Snapshot vote to decide who will sit on the governance committee.

  • Name

  • Twitter Account:

  • Relevant Experience: Please share any links and supporting information.

  • Familiarity with GMX, Arbitrum, and DAOs: How well do you know GMX, Arbitrum, and DAOs in general?

  • Goals for GMX DAO: As a significant delegate within the Arbitrum ecosystem, what would you like to see GMX DAO do or focus on?

  • Suggestions for the GMX Governance Committee: Do you have any ideas or suggestions for how the GMX governance committee can maximize its impact?

  • Time Commitment: Can you commit at least 8 hours per week to serve as part of this council?

  • Declaration of Conflict of Interest (if any):

6 Likes
2

Application:

I am very familiar with and knowledgeable about GMX and GMX DAO. I will focus on providing support for GMX’s development and respect the opinions of more experienced GMX Core Contributors, such as Coinflipcanada, on external decisions.

Here are the proposals I have presented for GMX:

July 2024 | GMX: Transition from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX” | GMX: Transition from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX”

May 2024 | GMSOL: Bringing GMX V2 to Solana and realizing the trinity of decentralized leverage trading | GMSOL: Bringing GMX V2 to Solana and realizing the trinity of decentralized leverage trading

May 2024 | Proposal to Add GMX/USD Market | GMX (GMX)

Mar 2024 | Add single BTC pool and single ETH pool to boost TVL 10x | Add single BTC pool and single ETH pool to boost TVL 10x

Mar 2024 | Towards Addressing the Question of MPs - End MP | Towards Addressing the Question of MPs - Consolidated Suggestions - #3 by gmsolq

Dec 2023 | Proposal for Reintroducing esGMX Incentives to Boost GMX APR | Proposal for Reintroducing esGMX Incentives to Boost GMX APR

Jul 2023 | ARB Subsidy for GMX V2 | ARB Subsidy for V2

Mar 2023 | Buyback GMX: A Proposal for Reward Distribution Optimization | Buyback GMX: A Proposal for Reward Distribution Optimization

  • Goals for GMX DAO: As a significant delegate within the Arbitrum ecosystem, what would you like to see GMX DAO do or focus on?

I would like to see GMX DAO could focus on listening to the community’s voice. GMX Delegates should actively organize the community’s feedback into feasible proposals, focusing on both value increment and value retention to build GMX’s spear and shield.

  • Suggestions for the GMX Governance Committee: Do you have any ideas or suggestions for how the GMX governance committee can maximize its impact?

More trading markets, lower trading fees, higher capital efficiency, and better trading experience—leveraging these with the advantages of decentralization to maximize market share is the best way for the GMX Governance Committee to maximize its impact.

  • Time Commitment: Can you commit at least 8 hours per week to serve as part of this council?

For sure.

  • Declaration of Conflict of Interest (if any):

Top GMX holder. Building on GMSOL. I will choose to work for GMX Governance Committee without receiving any honorarium if elected.

4 Likes
3

I as a delegate agree that we should create a Governance committee as currently @coinflipcanda is carrying the heavy weight of being a Arbitrum delegate. If we foster a great governance committee that is able to handle meetings and have in-depth discussions about Arbitrum and the future of GMX, I think that would be very beneficial.

5 Likes
4

Name: Sov

Twitter Account: @sovereignsignal

Relevant Experience:

  • Head of Grants at Gitcoin, leading BD/Partnerships and Programs across multiple ecosystems, including:
    • Designing, implementing, and managing grant programs for Gitcoin and partner ecosystems
    • Overseeing strategic partnerships across the Web3 space
    • Leading business development initiatives to expand Gitcoin’s impact
  • Led the initiative to run the Gitcoin Grants OSS Program on the Arbitrum Network, demonstrating the ability to align protocol interests with broader ecosystem goals.
  • 10+ years of leadership experience running a mid-sized systems integrator (~$50M revenue), bringing strategic business acumen to governance decisions.
  • Currently, a delegate for Gitcoin, Optimism, ENS, and Radicle. Tally profile here.
  • Assisted with the design and stand up of the UAGP. A collaboration between Uniswap Community and Arbitrum.
  • Former Board President of a nationally recognized non-profit food bank. Successfully managed local, state, and federal relationships and saw significant grants from these throughout the COVID-19 pandemic.
  • Led budgeting for workstreams at Gitcoin, has contributed to financial strategies. Example of contribution here.
  • Extensive research and analysis of Web3 ecosystems. Detailed experience and links to work are available at:

Familiarity with GMX, Arbitrum, and DAOs: My involvement with Arbitrum and understanding of GMX’s role within its ecosystem includes:

  • I have been following GMX since its’ launch. I was early in the Arbitrum community, which gave me insight into its evolution and key stakeholders.
  • Aside from my work with Gitcoin, I have actively participated in Arbitrum community initiatives as the program manager for the Thank ARB/Cartographer’s Syndicate.
  • Working with Hedgey/StableLab on the Easy Incentive Programs (EIP) allowed me to meet many of the delegates and learn more about the governance ecosystem and its players.

Goals for GMX DAO within Arbitrum: As a representative for GMX in Arbitrum governance, I would focus on:

  1. Exploring deeper collaboration opportunities with other protocols in the Arbitrum ecosystem to enhance GMX’s integration and influence.
  2. Ensuring GMX’s interests are well-represented in Arbitrum governance decisions.
  3. Positioning GMX to play a leading role in Arbitrum’s ecosystem development initiatives, such as incentive programs.

Suggestions for the GMX Governance Committee in relation to Arbitrum: To maximize GMX’s impact within the Arbitrum ecosystem, I suggest:

  1. Regularly engage with other Arbitrum ecosystem governance stakeholders to identify collaborative opportunities and address common challenges.
  2. Creating a framework for measuring and reporting the impact of governance decisions on GMX’s key performance indicators within the Arbitrum ecosystem.

Time Commitment:

Yes

Declaration of Conflict of Interest (if any):

As Head of Grants at Gitcoin, I oversee partnerships and program development with various DAOs, including potential interactions with Arbitrum. I am committed to maintaining objectivity and will recuse myself from any decisions where a potential conflict may arise.

2 Likes
5

I would also like to put myself forward to participate in this Governance committee. I have a penchant for political discussions, a distaste for drama, and have been contributing to GMX on the Communications side for over 2 years now. This role seems like it suits my skillset, and I’d like to contribute to helping the Governance process run smoothly.

  • Name: Jonezee

  • Twitter Account: @Jonas_ALA

  • Relevant Experience: Please share any links and supporting information.

See above. I’m a decent analyst, have a diplomatic nature, and have been helping to coordinate GMX’ communications efforts for a while now, trying to elevate things to the next level. I run my own small business and have experience with political coordination in the NGO sector as well.

  • Familiarity with GMX, Arbitrum, and DAOs: How well do you know GMX, Arbitrum, and DAOs in general?

I know GMX and Arbitrum intimately, and know a reasonable amount about DAOs, how they work, and what their pitfalls are. I’m also one of the more involved people on this Governance forum.

  • Goals for GMX DAO: As a significant delegate within the Arbitrum ecosystem, what would you like to see GMX DAO do or focus on?

Continue reinforcing GMX’s position as the foundational liquidity base layer for the Arbitrum ecosystem, and continue our strong ecosystem collaboration efforts.

  • Suggestions for the GMX Governance Committee: Do you have any ideas or suggestions for how the GMX governance committee can maximize its impact?

In one sentence: strengthen GMX’s value proposition, user retention, and competitive advantage.

  • Time Commitment: Can you commit at least 8 hours per week to serve as part of this council?

Yes, the efforts will partly overlap with my communications contributions.

  • Declaration of Conflict of Interest (if any):

No conflicts I am aware of.

3 Likes
6

Name: Atomist

Twitter Account: 0xAtomist

Relevant Experience:

I have spearheaded each governance initiative at Castle:

  • Leading forum research contributors in Arbitrum DAO (informally during the STIP phase)
  • Frequent writer and editor of reports and educational content on Arbitrum and GMX
  • Formed a formal active delegate team for Arbitrum DAO with a full workflow and process
  • Leading Castle Capital in their role as Advisors where we helped design the program and supported over 60 applicants

You can find more information on Castle’s governance efforts below:

  • GMX Delegate Application: Our formal application as a GMX delegate can be reviewed here
  • Arbitrum Forum Summary: Our contributions and active participation in the Arbitrum forum can be found here

Familiarity with GMX, Arbitrum, and DAOs:

I possess a thorough understanding of GMX, Arbitrum, and the wider DAO ecosystem. As an XVIX/GMT migrator, I have been with the protocol and Arbitrum as a chain since day one. Some of you may even remember TokenFeeds, where I built the first functioning price chart of GMX in Q4 2021. From this wonderful community, I have been able to build Castle into a reputable voice in the Arbitrum ecosystem, and now I believe it is time for me to give back to GMX by sitting on this Committee if you would have me.

My involvement in key governance proposals and initiatives at Arbitrum has equipped me with deep insights into the operational and governance frameworks of the DAO, whilst demonstrating my commitment and expertise.

Addtionally, my reputation and trustworthiness within the Arbitrum DAO can be seen from Castle Labs’ success in the Arbitrum Multi-sig Signer Service (MSS) election.

Goals for GMX DAO:

As a significant delegate within the Arbitrum ecosystem, I would want to:

  • Champion the solidification of GMX as the base layer of liquidity for Arbitrum, in close collaboration with other key liquidity players and venues
  • Ensure Arbitrum comes out on top in the L2 mindshare and attention wars, primarily by supporting the proliferation of Arbitrum’s Orbit technology
  • Act as the voice of the GMX DAO and community, turning their warranted concerns and desires into meaning actions and proposals within Arbitrum DAO

Suggestions for the GMX Governance Committee:

To maximize its impact, the GMX governance committee should:

  • Closely engage and collaborate with other DAO stakeholders, be it in the forums, in weekly governance calls and working groups, or informally offline - something I already conduct and have the network for
  • Create a strong set of goals and an ultimate vision for our participation in Arbitrum DAO, by which all other impacts and assessments are routed to

Time Commitment:

I can commit at least 8 hours per week to serve as part of this council. My experience, role, and current responsibilities within Castle and the Arbitrum DAO enable me to allocate the necessary time and resources to fulfill this commitment effectively.

Declaration of Conflict of Interest (if any):

  • Represent Castle Capital as a delegate within Arbitrum DAO
  • Represent Castle Labs on the Arbitrum Multi-sig Signer Service (MSS)
  • Lead Castle Labs in Service Provider responsibilities for the Arbitrum DAO (LTIPP & STIP Bridge)
3 Likes
7

Name: Shogun

Twitter: @JamesCliffyz

Relevant Experience:

Having a data and software engineering background contributing for GMX, working on the GMX STIP Dashboard, that maps partnered protocol-level TVL and volumes/traders, I can help the committee incorporate data-driven and metrics based decisions to output, as we can help decide the efficacy of initiatives. Which helped strengthen insights around the final report for the GMX STIP Grants Program in the Arbitrum Governance.

As a strong proponent for fair-decision making and improving the GMX ecosystem. I served apart of the committee for both STIP Grants Wave 1 and STIP Grants Wave 2, an initative aimed to incentivise protocols building on top of GMX, alongside many great peers who taught me the importance of a focused approach, that resonates with aspiring teams, and the growth of GMX and Arbitrum, in which a collective 80+ protocols had participated in.

Familiarity with GMX, Arbitrum, and DAOs:
I have a strong familiarity with GMX, GMX DAO, and Arbitrum ecosystem. My work has closely involved many collaborations within the Arbitrum ecosystem, both independently and within the GMX domain diving into the metrics, with the presentation of protocol analytics, STIP, STIP.b, and LTIPP incentives for Arbitrum.

Goals for GMX DAO:
I’d like to see that the GMX DAO ensures GMX continues to serve as the cornerstone for unifying liquidity across protocol integrations and broaden Arbitrum ecosystems. A great strength for GMX is found with fostering long-standing partnerships amongst the perpetuals and liquidity landscape. This is most evidenced by the $354M TVL on GMX V2 today, whereabout $150M TVL comes from partnered protocols on Arbitrum.

Suggestions for the GMX Governance Committee:

I propose establishing communication mediums, such as community calls, governance channels, and wider forum presence, where community feedback, questions, and contrary opinions can be more openly shared acted upon with proposals.

Time Commitment:
I can commit 8 hours per week to serve as apart of the council.

Declaration of Conflict of Interest:

  • GMX Contributor (Thereby waivering the honorarium)
  • Having worked with a multitude of protocols on Arbitrum both on the software-development and data side, I will ensure that I acknowledge any and all conflicts of interest.
2 Likes
8

We will be closing down the nominations on Friday, 16/8 please apply for the role as soon as possible!

1 Like
9

Name: Jrogon

Twitter: @jr0gon

Relevant Experience:

For the past year, I have been part of the GMX business development team, where I have contributed significantly to coordinating strategic initiatives aimed at expanding the GMX’s user base and increasing liquidity. My role involved actively engaging with institutional investors and partners to onboard them to the GMX platform, fostering relationships that enhance trading volume and platform stability via feedback from institutions.

In addition to my primary responsibilities, I also played a key role on the GMX grants committee for STIP Grants Wave 1. This initiative was designed to incentivize and support the development of innovative protocols on the GMX platform. As a committee member, I helped evaluate grant applications, providing critical feedback and recommendations to ensure that the most promising projects received the necessary support to build and thrive within the GMX ecosystem.

Familiarity with GMX, Arbitrum, and DAOs:

Through my role as BD contributor, I have developed a deep familiarity with GMX, GMX DAO, and the Arbitrum ecosystem through my extensive work in these areas. My role has involved numerous collaborations within the Arbitrum ecosystem.

Goals for GMX DAO:

Deepening collaborations with other protocols in the Arbitrum ecosystem to enhance GMX’s integration, strengthen its role as the foundational liquidity layer, and lead in Arbitrum’s development initiatives and incentive programs.

Suggestions for the GMX Governance Committee:

Establishing a framework with more communications with community members and an efficient and effective way to manage DAO. This framework should include regular engagement with other Arbitrum stakeholders to identify unique opportunities.

Time Commitment:

Yes

Declaration of Conflict of Interest:

No conflicts.

1 Like
10

Name: Saurabh

Twitter Account: Saurabh Dhekale

Relevant Experience: Please share any links and supporting information.
I have been actively involved with GMX for the past year, focusing on important projects within the organization. I’ve served on the GMX Grants Committee, contributing to both STIP Wave 1 and Wave 2. I also represented the GMX Grants Committee on the Arb LTIPP council, making sure our goals were clearly communicated and achieved. Additionally, I played a key role in helping GMX launch their on-chain governance system, reinforcing our commitment to decentralization and decisions driven by the community.

Familiarity with GMX, Arbitrum, and DAOs: How well do you know GMX, Arbitrum, and DAOs in general?
I have a strong familiarity with GMX, the GMX DAO, and the Arbitrum ecosystem. I have experience running the first grants program for Arbitrum DAO, and regularly sharing the STIP and STIP bi-weekly reports with the delegates has helped me stay in constant touch with them and effectively represent GMX.

Goals for GMX DAO: As a significant delegate within the Arbitrum ecosystem, what would you like to see GMX DAO do or focus on?
GMX has been a leading protocol since the chain’s inception, and the goal is to solidify this position by making GMX the foundational liquidity layer. We aim to lead Arbitrum’s development initiatives and attract more projects to build on GMX as a base layer.

Suggestions for the GMX Governance Committee: Do you have any ideas or suggestions for how the GMX governance committee can maximize its impact?
The governance committee should consistently engage with DAO members and delegates, sharing their thoughts by hosting regular committee calls and attending governance calls.

Time Commitment: Can you commit at least 8 hours per week to serve as part of this council?
Yes

Declaration of Conflict of Interest (if any):
No

2 Likes