Committee Composition & Election
The GMX Listing Committee is a three-member committee elected by the DAO to oversee the listing of new assets on the GMX platform. The committee began functioning on 28/10/2024. Initially, it comprised Q, Wing, and Kyzo. After two months, Kyzo was replaced by Immie due to Kyzo’s prolonged absence. All members are directly elected by the DAO, ensuring community-driven governance.
The term length for members of the committee was originally set at 6 months. Elections for the Listing Committee were planned to be held twice a year, with all three positions directly voted on by the DAO.
We are currently approaching the end of this first 6-month term. The Listing Committee is, therefore, inviting community members to nominate themselves as potential new candidates. If no new delegates are successfully elected by the DAO, the current Listing Committee members have indicated a willingness to continue their work for another term.
Nominations will be open from March 24, 2025, to April 2, 2025.
Honorarium
Committee members received an honorarium of $1,000 per month for their contributions and activities on behalf of GMX. This compensation recognizes the time and effort required to fulfill their responsibilities effectively.
Roles & Responsibilities
The primary role of the Listing Committee was to evaluate and approve assets for listing on GMX. Their responsibilities include:
-
Research & Analysis
- The committee utilized the Chaos Labs framework to assess potential assets.
- Key evaluation criteria included:
- CEX listings
- Market capitalization
- Trading volume
- Liquidity
- Asset listings were contingent on the availability of Chainlink price feeds, ensuring reliable and consistent price data.
-
Internal Decision-Making
- Based on their research, the committee members collaboratively decided which assets were most suitable for listing on GMX.
-
Assets Listed
Since the committee was formed, 33 assets have been listed on GMX on the Arbitrum Network, with more to follow. Additionally, 21 markets have been deployed on GLV.
Evolution of Listing Strategy
Initially, the committee prioritized assets based solely on the availability of Chainlink price feeds. After, following Tano’s suggestion, the strategy shifted to focus on listing assets in high demand. This change led to notable achievements, such as listing the Trump token on GMX within 48 hours, showcasing the committee’s adaptability and responsiveness to market needs.
Proposal for Term Extension
We propose extending the Listing Committee’s term by an additional six months, until October. During this period, any delegate may challenge a current committee member or the entire committee. If no objections are raised, the committee will continue its operations in its current form. This extension aims to maintain continuity in the listing process while ensuring the committee remains accountable to the DAO and aligned with GMX’s strategic goals.