Summary
This proposal seeks DAO approval to constitute Season 4 of the GMX Security Council for the term May 1, 2026 through October 31, 2026.
The Security Council serves as a dedicated security and governance oversight body for the GMX protocol. Its mandate is to review upgrades, verify deployments, oversee timelock transactions, and provide structured governance feedback to reduce execution and operational risk.
Season 4 will continue the established six-month term structure. One seat is open due to a member stepping down, and the DAO is invited to nominate candidates.
Background
The current Security Council (Season 3) began its term on November 1, 2025, with the following elected members:
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50
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Q
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SniperMonke
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Raoul
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Owen
The Council operates on a six-month term, with elections held twice per year, and all five seats directly voted on by the DAO.
Due to increased commitments with Chaos Labs, 50 will not continue into Season 4. As a result, one seat is vacant, and the DAO is invited to nominate and elect a new member.
All remaining members may stand for re-election.
Key Responsibilities
The Security Committee’s core mandate includes:
- Reviewing, verifying, and auditing protocol upgrades, smart contract deployments, and timelock transactions
- Monitoring protocol operations and flagging any inconsistencies or vulnerabilities
- Evaluating DAO proposals on the GMX Forum and Tally, providing security-aligned feedback
- Overseeing accurate role assignments across GMX V2 contracts
Composition & Compensation
Season 4 will consist of five members, elected directly by the DAO.
Each member will receive an honorarium of $500 per month in recognition of time and responsibilities.
Exception: Owen is exempt from this honorarium, as Guardian receives compensation through a separate ongoing retainer arrangement with GMX.
Members are expected to commit at least five hours per week, with additional availability during upgrades or urgent situations.
Season 3 Contributions
Over the previous six months, the Security Council has materially strengthened governance discipline and protocol safety through:
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Proposal Oversight: Review of multiple DAO proposals across the Forum and Tally.
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Timelock Reviews: Auditing all timelock executions prior to completion.
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GMX V2 Role Management: Verification of role assignments and contract deployments against audited code.
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Infrastructure Expansion: Support in setting up the security multisig on MegaETH.
These processes have improved transparency, reduced execution risk, and enhanced accountability across governance actions.
Nomination & Election Process
Nomination Window
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Opens: March 4, 2026
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Closes: March 11, 2026
All community members are invited to nominate themselves for the open seat. Current members may also seek re-election.
Voting Process
Following the nomination period:
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A Snapshot vote will be conducted to determine the Season 4 composition.
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Any delegate may challenge an individual member or propose an alternative slate.
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All five seats remain subject to DAO approval.
Special Case: Single Nomination
If, at the close of the nomination period, only one eligible candidate has nominated themselves for the open seat, the proposal will not proceed to Snapshot voting for that seat.
In such a case, the nominee will be considered elected by default and will join the Security Council for Season 4.
This avoids unnecessary governance overhead while preserving transparency and the DAO’s right to challenge during the nomination window.
Conclusion
With the current six-month term coming to an end, the GMX DAO will begin the process of electing the Season 4 Security Council. As noted above, one member will not be continuing, creating an open seat, while the remaining members have expressed their willingness to serve again if re-elected, ensuring continuity.
Community members are encouraged to step forward and participate in shaping the next phase of GMX’s security governance.
Nomination Template
If you’d like to put your name forward, please reply to this post using the template below:
Name:
Twitter Account:
GitHub Link:
Can you read and write code?
Relevant Experience: Please share any links and supporting information.
Familiarity with GMX DAO: How well do you know GMX and its governance?
Suggestions for the Security Committee: Do you have ideas for how the committee can maximize its impact in Season 4?
Time Commitment: Can you commit at least 5 hours per week to serve on this committee?
Declaration of Conflict of Interest (if any):
