We shouldn’t double down on something that isn’t working. The fact that staking APR is overwhelmingly sold indicates the market is rejecting receiving GMX as the apr fee.
Anyways, back on subject - @coinflipcanada this project is in crisis mode on several fronts. Too many metrics are indicating that the protocol took a catastrophic turn these past two years. Stagnant amount staked, paper-thin liquidity, the (as mentioned) fact that most people immediately get rid of their GMX apr fees (we weren’t doing that when it was ETH), and the complete collapse of the token price. Two years ago $GMX was at $65, and now it’s at $8.
Your proposal should have included some accountability clauses, since some of the “contributors” were the ones that got us in this situation, and it DEFINITELY should have included the details of this “pivot proposal” you alluded to. Otherwise its bonkers to vote in favor of funding the exact same people when the results have been overwhelmingly disastrous.
“Give us money and then we’ll tell you our plan to fix things.” I shouldn’t be the only one that has a problem with this. Not with so many of the market fundamentals clearly broken since the previous funding proposal vote. The current version of the proposal is a No for me, as it should be for everyone else. C’mon people - you deserve transparency and to know what you’re actually voting for. None of us want to fund two more years of decline.
Hey OP, table this and put forward the “plan” first. You all are doing this backwards.