Proposal for Committee Payments

Proposals
1

Overview

The GMX DAO recently elected three committees Governance, Listing, and Security to support critical functions within the GMX ecosystem. This proposal seeks approval for the payment of these committee members over the next six months to ensure continued dedication and contribution to GMX’s governance, listing, and security efforts.

Committee Payment Structure

The payment allocations for each committee are outlined as follows:

  1. Governance Committee (5 members): $12,000 USD

    • Payment Terms:

Each committee member will be paid $1,000 per month for six months.

Notice: There are Three members from GMX Labs are waiving receipt of the honorarium as they are already indirectly compensated and aligned with the GMX DAO through contributor agreements.

  • Purpose:

Oversee and support DAO governance, ensuring efficient decision-making and proposal management.

  1. Listing Committee (3 members): $18,000 USD
    • Payment Terms:

​​Each committee member will be paid $1,000 per month for six months,

  • Purpose:

Evaluate and approve new asset listings in line with DAO standards to maintain high-quality listings within the GMX ecosystem.

  1. Security Committee (5 members): $14,000 USD
    • Payment Terms:

​​Each committee member will be paid $500 per month for six months.

  • Purpose:

Ensure protocol security by managing access, overseeing critical governance functions, and handling potential threats.

Funding Request

The proposal requests approval to transfer $44,000 USD to 0x09fEc993Be76230296Ce8C3B8EDafd32B6240126 covering six months of compensation for committee members across Governance, Listing, and Security. This funding is essential to support these elected committees’ ongoing operations and responsibilities, which play a critical role in the DAO’s growth and stability.

Requested Action

We request the DAO’s approval to fund committee payments for the next six months, as outlined, ensuring a continued focus on key governance, listing, and security objectives within GMX.

1 Like
2

Agree. Lets do it . This will support protocol.

3

The requested amount is $44,110 because of the additional Tally fees.

4

thank you to the 3 contributors who waived off the payments.

also, can the governance or the core contributors be the one that handles the investment of ETH / USD in the treasury into “safer” allocations such as AAVE, curve, GM pools etc etc
i think if we stick to “safer” investments and not dangerous move, we do not need an additional treasury committee.

Keep things tight and neat. =)

2 Likes
5

Agree with Seraph, if so we dont need an additional committee and save the time in voting + additional payments.

Personally feel this be the way to go too.

2 Likes
6

This could be one possible approach, but governance contributors don’t really have experience managing protocol funds, and handing the treasury to people without that background may not be ideal. Giving this responsibility to the core contributors could work, but they already have a lot on their plate, with their main focus right now being the growth and development of GMX.

2 Likes
7

Can I sign up and how

8

Hey, the current committees are elected already you can apply for the next elections!

9

glad to see interests. let us know you better by being active in forum, check out other people’s proposals and give us your comments on them :slight_smile:

1 Like
10

Thank you I will do that