Proposition about Arb Staking to increase GMX token attractiveness

Proposals
1

Arbitrum tokens are now staking-less.

A way to incentivize GMX token value is proposed here :

  • Open a staking pool for the ARB token to farm MPs at a 1/2 rate (in terms of $ value).

  • These MPs will remain inactive unless you purchase GMX to activate them, with a 200% cap.

This approach would allow every ARB holder to have a staking option and increase visibility for the GMX token

2

To answer any concern about MP dilution, it wont add any since only staking GMX token will activate those MPs at the same cap.

3

How would staking ARB be giving any benefit to the GMX protocol?

1 Like
4

I think it’s a way better idea to incentivise activities that benefit GMX as a whole than just staking ARB and buying GMX.

Something like:
-Adding liquidity
-Trading on GMX
-Referring new users using referral links

2 Likes