# GMX \<\> STFX Proposal **URL:** \ **Category:** Proposals\ **Created:** [November 10, 2022, 8:46pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020 "2022-11-10T20:46:39Z")\ **Posts on this page:** 9\ **Page:** 3
**Author:** ![hem19](https://avatars.discourse-cdn.com/v4/letter/h/a4c791/32.png) [@hem19](https://gov.gmx.io/u/hem19)\ **Post date:** [November 23, 2022, 2:51pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/42 "2022-11-23T14:51:16Z")
In current market scenario, I think FDV of 30M of STFX is just too high. It should be around 10-12M, not more than that. They only have alpha version at this moment, and given that such copy to trade platforms have already failed in the pasts, the risk is too high. I think GMX team also need to have a look at it and have their say on this, 30M FDV is just too high. ---
**Author:** ![ImmieV](https://avatars.discourse-cdn.com/v4/letter/i/f05b48/32.png) [@ImmieV](https://gov.gmx.io/u/ImmieV)\ **Post date:** [November 23, 2022, 4:28pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/43 "2022-11-23T16:28:55Z")
thank you so much I appreciate you sharing. ---
**Author:** ![bala22ero](https://avatars.discourse-cdn.com/v4/letter/b/ba8739/32.png) [@bala22ero](https://gov.gmx.io/u/bala22ero)\ **Post date:** [November 23, 2022, 4:51pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/44 "2022-11-23T16:51:14Z")
how to i participate in the proposal ---
**Author:** ![Jonezee](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/jonezee/32/1238_2.png) [@Jonezee](https://gov.gmx.io/u/Jonezee)\ **Post date:** [November 24, 2022, 1:30pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/45 "2022-11-24T13:30:00Z")
The discussion takes place here, the voting takes place on [Snapshot](https://snapshot.org/#/gmx.eth) ---
**Author:** ![maysonkiller](https://avatars.discourse-cdn.com/v4/letter/m/ed655f/32.png) [@maysonkiller](https://gov.gmx.io/u/maysonkiller)\ **Post date:** [November 25, 2022, 9:18am UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/46 "2022-11-25T09:18:25Z")
GMX very goood lets goy ---
**Author:** ![randomishwalk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/randomishwalk/32/128_2.png) [@randomishwalk](https://gov.gmx.io/u/randomishwalk)\ **Post date:** [December 16, 2022, 5:43pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/47 "2022-12-16T17:43:02Z")
@Jonezee @Tano @coinflipcanda - we should spin up a public-facing tracker for these passed proposals sooner rather than later ---
**Author:** ![Jonezee](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/jonezee/32/1238_2.png) [@Jonezee](https://gov.gmx.io/u/Jonezee)\ **Post date:** [December 16, 2022, 6:26pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/48 "2022-12-16T18:26:51Z")
Definitely on the agenda! ---
**Author:** ![tervelix](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/tervelix/32/420_2.png) [@tervelix](https://gov.gmx.io/u/tervelix)\ **Post date:** [December 17, 2022, 1:10pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/49 "2022-12-17T13:10:46Z")
I actually like STFX and what they are achiving. However i don’t think 30M FDV is realistic and this OTC swap should be considered with muc ower FDV. I’m not sure even 10M$ is realistic rn. The claim about STFX brings volume to GMX is also might be a bit misleading. We don’t know if new traders and new capitals are coming with STFX rn but i’m sure it would effect at the bull run scenario. Let’s consider FDV again. Maybe swap should be done after STFX TGE to be safe. One question; what STFX tokens brings to GMX? Does that generate yields? I know STFX has a cut from traders pnls. Could u elobrate tokenomics a bit? Side note; this kind of protocols have front-running problems. I know u have some mechanicism for that but still i couldn’t convince many traders to built up a position on [STFX.io](http://STFX.io). ---
**Author:** ![randomishwalk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/randomishwalk/32/128_2.png) [@randomishwalk](https://gov.gmx.io/u/randomishwalk)\ **Post date:** [December 17, 2022, 1:23pm UTC](https://gov.gmx.io/t/gmx-stfx-proposal/1020/50 "2022-12-17T13:23:32Z")
That’s an excellent point on frontrunning (and MEV more holistically). Ideally, you would want to pair this with some form of encrypted mempool / transaction privacy mechanism that is natively integrated with STFX + GMX. Also agreed on valuation being rich given market and stage of this project. [Previous page](https://gov.gmx.io/t/gmx-stfx-proposal/1020.md?page=2)