GM @nxs and other members of GMX
Here is an update for Dec about governance and our non-technical updates
A quick shoutout to devs which would be launching JIT from this week. (Just in Time liquidity which allows traders to build up size, especially for alt coins. Liquidity in GLV will flow to altcoins that needed that liquidity when traders demand a sizeable position)
LP this week (or next week, depending on testing) and then mainnet in two weeks.
AND OTHER developments as well (Good opportunity to remind all to add Telegram: View @GMX_Announcements as a lot of technical announcements there)
A few discussion that we took from proposal to current stage
- competitions. discussion that statistics are not favourable but we are on the lookout with others to hold competition on GMX platform
- talking to funds on LPs.
- discussion on referral revamp
- treasury, asking governance members to do treasury of reinvesting money in “safer” zones in defi, such as GLV, AAVE, Curve etc etc. would be faster and more efficient. Also discussing the merits of having a dedicated treasury committee who can do more.
There would be a big revamp on referral, and community referral, with many types of benefits incoming.
As this would be a big revamp, we would like to have 1 or 2 mths to check on the growth in trader volume after we launch this.
As such, after this referral revamp, when we can see the good and bad of the revamp, then we can go through heavier follow through on flywheel proposal, buyback for incentives etc etc.
Revamp is a huge work by the team, and I see 3-4 meetings every week to push this head, and with very cautious steps, as we want the big traders to feel aligned with us.
We would be happy to launch this soon
And taking this opportunity to thank the team!
PS: NXS and other members, pls feel free to dm me at telegram to bring discussion further.