GMX Listing Committee Renewal

[Saurabh]

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:

1. 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.

2. Internal Decision-Making

   • Based on their research, the committee members collaboratively decided which assets were most suitable for listing on GMX.

3. 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.

[Jonezee]

For added context, see the original proposal for the Listing Committee here:

GMX Listing Committee

Summary This proposal seeks to establish a GMX Listing Committee. The committee will evaluate and approve new asset listings on GMX protocols and ensure that only high-quality, relevant, and compliant assets are listed. This will not only foster trust but also play a crucial role in maintaining the integrity of our trading ecosystem while also ensuring oversight of a potentially more rapid listing process. Motivation The motivation behind forming a Listing Committee is to create a structured …

Interested candidates can submit their nominations through the process outlined here:

GMX Listing committee nominations

Hey everyone, I am excited to share that we are now accepting Nominations for the GMX Listing Committee. The initial post provides more information about the role. Interested candidates can submit their nominations below this post, following the provided template. Compensation: Members of the Listing committee will receive an honorarium for their roles. The proposed honorarium is $1000 per month. Nominees from Labs are waiving receipt of this honorarium as they are already indirectly compensate…

To learn about how the GMX DAO’s governance process works, it’s easiest to refer to the Documentation: Governance | GMX Docs

[ImmieV]

It would be a pleasure to continue to serve in this capacity for the project.

As someone actively working on listings, I’ve seen firsthand how much coordination is required between the committee, devs , market parameters, Chainlink, and marketing. While the current 3-member committee model has worked to get things going, I think its worth consideration of some consolidation for the future.

We consolidate the GMX Listing Committee into a single dedicated role — either full-time or with significantly more hours than what’s currently allocated per member. This would simplify ownership and allow us to move faster on listings that traders are actively waiting for. Just a consideration worth bringing after the current six month period.

[Jonezee]

A single person in charge of Listings would bring some advantages in terms of speed. But also completely abandon the committee model and its idea of shared responsibility for figuring out which assets are popular, feasible, and worthwhile.

[ImmieV]

that could technically be done with other contributors.

[Alik1975]

Totally agree with Jonezee.

[ImmieV]

I appreciate the feedback, it could be worth the consideration on the next go around. You need active participants and that DAO could save money which is a win win to me. Either way its worth the discussion at that time.