GMX Listing Committee Season 3

Proposals
1

Formation & Structure:
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 its second term on May 1st, 2024, following the successful completion of its first iteration. The current term will conclude around October 31st, 2025.

  • Q
  • Wing
  • Immie

Each member was allocated specific domains based on their individual expertise to ensure a thorough and efficient listing process aligned with GMX’s strategic priorities.

The term length for members of the committee was originally set at 6 months. Elections for the Listing Committee are held twice a year, with all three positions directly voted on by the DAO.

The committee is currently approaching the end of this second 6-month term. The Listing Committee is, therefore, inviting community members to nominate themselves as potential new candidates. If no new members 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 September 8th, 2025, to September 22nd, 2025.

Key Responsibilities:

  • Review and assess asset listing proposals based on factors such as market liquidity, volatility, trading interest, and alignment with GMX’s risk and oracle parameters.
  • Collaborate with GMX contributors, external partners (e.g., Chainlink and Chaos Labs), and other stakeholders to ensure accurate oracle support, risk modeling, and efficient listing execution.
  • Manage and execute the listing process for approved assets and ongoing onboarding, ensuring that all assets align with GMX’s long-term strategic goals and trader demand.

Compensation & Participation
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.

Work completed in the past 6 months:

Since assuming responsibilities, the second iteration of the Listing Committee has actively:

  • Evaluated asset proposals with a focus on liquidity, volatility, and alignment with GMX risk parameters.
  • Coordinated with contributors and with Chainlink and Chaos Labs to execute approved listings efficiently.
  • Executed Day 1 listings for assets such as DOLO, PUMP, and WLFI, contributing to a total of 19 new assets listed on GMX V2 for traders.

Proposal for extension

An extension of the Listing Committee’s term by another six months, until April, is proposed.

Community members are invited to nominate themselves as candidates for the GMX Listing Committee.

Any delegate may also challenge an individual committee member or the entire committee. In the absence of objections and if no new candidates are successfully elected, the current committee will continue in its existing form.

Conclusion

With the committee’s 6-month term nearing its end, the GMX DAO will begin the process of electing the next Listing Committee.All current members have expressed a willingness to continue if re-elected, ensuring continuity in the absence of new successful candidates.

Nomination Template

The nomination period will be open for approximately 2 weeks, starting on September 8th and closing around September 22. Following this, we will have a one-week Snapshot vote period to determine the composition of the Listing Committee.

Name:

Twitter Account:

Github URL link:

Can you read and write code:

Relevant Experience: Please share any links and supporting information.

Familiarity with Perp listings: How well do you know the listing process of perps in general?

Suggestions for the GMX Listing Committee: Do you have any ideas or suggestions for how the GMX Listing Committee can maximise its impact?

Time Commitment: Can you commit at least 10 hours per week to serve as part of this council?

Declaration of Conflict of Interest (if any):

3 Likes
2

Anyone else interested in assessing and pushing the Market Listings on GMX..?

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Name: Simon

Twitter Account: https://x.com/B2F_zer

Github URL link:

None worth checking :smiley:

Can you read and write code:

Yes, however no experience in web3 programming. The main languages I (used to) work with are C/C++/C#/Fortran/Python/Matlab/VBA.

Relevant Experience:

IRL working as a quant.

Active trader on multiple platforms, including GMX.

Familiarity with Perp listings: How well do you know the listing process of perps in general?

I understand the overall listing process but keen to learn more about the specificities linked to CL feeds and Chaos Lab risk parameters setup methodology.

Suggestions for the GMX Listing Committee: Do you have any ideas or suggestions for how the GMX Listing Committee can maximise its impact?

One of the main strength of GMX over its competitors is the ability to trade an asset with the asset itself as collateral and I would like to push on more native markets for trading instead of synthetic listings only. I am suggesting a two-steps framework where we first move fast with synthetics, followed by a native listing after a thorough monitoring.

Time Commitment: Can you commit at least 10 hours per week to serve as part of this council?

Yes.

Declaration of Conflict of Interest (if any):

None

5 Likes
4

Since we have received only one nomination and a few expressions of interest for the Listing Committee, we are extending the nomination period by one more week.

5

As a current member of the GMX Listing Committee, I’ve had the privilege of contributing to the evaluation and onboarding of new assets on GMX V2. However, as GMX continues to scale in the competitive perp DEX landscape, asset listings remain one of the most critical functions for sustaining our flywheel: increasing trading volumes, fees, liquidity, and overall ecosystem vitality. This is an opportune moment to propose structural enhancements. Rather than simply extending the existing setup, I suggest modifications to prioritize deeper research, increased time commitment, and streamlined operations while preserving the decentralized ethos of the DAO.

This model has worked well for agility, but as GMX matures, handling more complex assets, cross-chain expansions, and evolving market dynamics: it risks underinvesting in thorough due diligence. Inadequate research could lead to suboptimal listings that expose the protocol to risks or miss high-impact opportunities, ultimately hindering growth.

My recommendations would be:

  1. Increase Member Time Commitment and Compensation:

    • Raise the minimum commitment to 20-25 hours/week per member to allow for in-depth analysis, including real-time market monitoring, advanced risk modeling, and community feedback integration.

  2. Reduce Committee Size with Consolidated Roles and Delegation:

    • Reduce the number of core members from 3 to 1-2, focusing on individuals willing and able to dedicate more time to the role.

    • Introduce a “lead coordinator” role (if 2 members) or empower the single member to delegate specific sub-tasks (e.g., oracle verification, liquidity audits) to vetted community contributors or external experts on a per-proposal basis. This could involve micro-grants from the DAO treasury for specialized input, ensuring broader participation while the core member(s) focus on high-level strategy.

  3. Enhance Research Processes:

    • Mandate structured research frameworks for each proposal, including:

      • Quantitative analysis (e.g., liquidity depth via on-chain data).

      • Qualitative assessments (e.g., trader demand surveys via X/Discord polls, alignment with GMX’s strategic roadmap).

This does not aim to replace the current members (Q, Wing, and myself) but to strengthen the framework.

  • Importance of Listings: Asset listings are the lifeblood of GMX. Poorly vetted assets could lead to low adoption or risks (e.g., oracle failures), while well-researched ones amplify our edge over competitors. Deeper research ensures we prioritize high-demand perps that boost volumes and fees.

  • Scaling Needs: With GMX V2’s growth, the committee’s workload has intensified. Reducing the size to fewer dedicated members allows for more focused, full-time-like effort, moving beyond the original part time model to match protocols like Aave or which invest heavily in governance sub-committees.

  • Efficiency Gains: A smaller committee with delegation avoids bottlenecks, allowing faster execution without sacrificing decentralization. By selecting members ready for higher commitment, we ensure quality, potentially leading to more listings (e.g., targeting 25+ in the next term) and higher ROI for the DAO.

Potential Drawbacks: Reducing to 1-2 members could raise concerns about decentralization, but delegation mitigates this. We can monitor via KPIs and adjust in future votes.

1 Like
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Is the work really that complex and can’t rely on automated processes? Sorry to be blunt, but the amount of work is imho not where you put it and I don’t understand why your work would matter. It’s only in partnerships with said tokens to make sure it’s an opportunity to get cross promotion from the token projects themselves.

Otherwise, of course we want to list Top100 and rising projects + automated due diligence, feedback from Chainlink teams on feed reliability, and then top RWA (gold, and when legally allowed tokenized stocks, etc.).

7

Thank you for the thoughtful suggestions it’s always encouraging to see active participation in improving our processes. There’s definitely merit in revisiting and refining how we operate, and your input adds value to that ongoing conversation.

The listing committee has done commendable work so far, and this isn’t to overlook their contributions. That said, there’s always room for improvement in any process. Regarding Immie’s suggestion to increase the time allocation to 20 hours, I believe that might not be necessary at this stage. The committee has shown they are capable of handling the workload efficiently within the current 10-hour structure. For example, during the second term, they’ve successfully listed 19 assets over 5 months that’s roughly 4 assets per month, which speaks to their effectiveness.

It’s also important to recognize that GMX operates with a different infrastructure compared to other protocols. Factors like asset liquidity and broader risk considerations (Based on Chaos labs recommendation) need to be carefully assessed before pushing for more rapid or increased listing activity.

On the topic of coordination, it’s worth noting that Tano from the Labs team is already playing a lead role in aligning efforts with Chaos, Chainlink, and other stakeholders. His involvement has helped streamline processes and maintain consistency across teams. Introducing microgrants for asset listings, while well-intentioned, could potentially complicate things both from a treasury management perspective and in terms of slowing down the overall process.

Curious about the concern regarding oracle failures. Could you elaborate on how the proposed changes might lead to that? It would be helpful to understand the underlying risks you’re seeing.

Lastly, comparing GMX with Aave might not be entirely appropriate. Aave currently operates across 18 chains, which naturally comes with a much larger scope and operational overhead. In contrast, GMX’s asset listing process is still primarily based on Arbitrum, with gradual expansion to Botanix and Avalanche. The scale and infrastructure of the two protocols differ quite significantly.

8

100 percent can and my thought is instead of having 3 part time folks working consolidate to steer the ship, create the SOPs, and execute. GMX has the ability to get emergency listings done and its shown that ability. I think its important to be able to see how trends rise and its implications. For example ASTR and its implication on the broader BNB ecosystem is volume we might be missing (its being worked on). Consolidate, move quickly, and eventually in a permissionless listing or some type of mechanism the need for committee would disappear. Again this is one idea, but I want to offer a discussion because prior to my post there was none.

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Name: SniperMonke01

Twitter Account: https://x.com/SniperMonke01

Github URL link: snipermonke01 (SniperMonke01) · GitHub

Can you read and write code: Yes

Relevant Experience: Please share any links and supporting information.

I run many telegram bots for GMX and am very aware of the relative volumes and interest across the various markets offered by GMX, as well as the shortcomings. I am an active user of various dexs and cexs that have popped up in recent years and am aware of what works well for those. I am also active in other large communities and know what assets traders are generally interested in.

Familiarity with Perp listings: How well do you know the listing process of perps in general?

I am familiar with the oracle set up on GMX, and how other perp platforms list new and existing markets.

Suggestions for the GMX Listing Committee: Do you have any ideas or suggestions for how the GMX Listing Committee can maximise its impact?

Utilising scripts to scrape volume and oi metrics from other platforms to see what is most traded and how traders market interests are shifting week on week. This would be my most valuable contribution to the listing committee.

Time Commitment: Can you commit at least 10 hours per week to serve as part of this council?

Yes

Declaration of Conflict of Interest (if any):

None

5 Likes
10

We won’t be accepting any new application going forward and closing the nomination process!

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Utilising scripts to scrape volume and oi metrics from other platforms to see what is most traded and how traders market interests are shifting week on week.

This is a great value-add idea.

1 Like