# \#governance **URL:** https://gov.gmx.io/tag/governance/1.md [Latest](https://gov.gmx.io/latest.md) · [Categories](https://gov.gmx.io/categories.md) · [Tags](https://gov.gmx.io/tags.md) --- ## [\[GMLabs-003\] Solana Revenue Buybacks and 180-Day Unstaking Timelock](https://gov.gmx.io/t/gmlabs-003-solana-revenue-buybacks-and-180-day-unstaking-timelock/5179)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 8\ **Last updated:** [October 23, 2026, 6:38pm UTC](https://gov.gmx.io/t/gmlabs-003-solana-revenue-buybacks-and-180-day-unstaking-timelock/5179 "2026-10-23T18:38:27Z")
Summary To better unify GMX’s fee structure across the protocol and reward loyal users, two changes are planned to take effect on October 28: All remaining Solana-side protocol revenue after GT buybacks will be used … --- ## [\[GMLabs-001\] Establishing a $10M GMX Market Making Fund](https://gov.gmx.io/t/gmlabs-001-establishing-a-10m-gmx-market-making-fund/5154)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 14\ **Last updated:** [September 25, 2026, 11:07am UTC](https://gov.gmx.io/t/gmlabs-001-establishing-a-10m-gmx-market-making-fund/5154 "2026-09-25T11:07:30Z")
Summary GM Labs is establishing a $10M market making fund for the GMX token, funded from the treasury. The fund will use the protocol’s combined Open Interest across all chains as its reference: when GMX circulating mar… --- ## [\[GMLabs-002\] GT Airdrop for GMX Stakers and GT Buyback Season 2](https://gov.gmx.io/t/gmlabs-002-gt-airdrop-for-gmx-stakers-and-gt-buyback-season-2/5159)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 3\ **Last updated:** [September 22, 2026, 11:56am UTC](https://gov.gmx.io/t/gmlabs-002-gt-airdrop-for-gmx-stakers-and-gt-buyback-season-2/5159 "2026-09-22T11:56:02Z")
GT Airdrop As announced in GMLabs-001, GMX stakers will receive the first GT airdrop. Details: Snapshot period: October 1, 00:00 UTC to November 1, 00:00 UTC Basis: each address’s daily average staked GMX over the… --- ## [Concluding the GMX Listing Committee](https://gov.gmx.io/t/concluding-the-gmx-listing-committee/5150)
**Author:** [@Saurabh](https://gov.gmx.io/u/Saurabh)\ **Replies:** 1\ **Last updated:** [August 13, 2026, 2:54pm UTC](https://gov.gmx.io/t/concluding-the-gmx-listing-committee/5150 "2026-08-13T14:54:02Z")
Summary The GMX Listing Committee is being wound down after four terms. This is a decision about product direction, not about the committee’s work. From here, listing decisions will be handled internally. This post share… --- ## [Introducing DeGov: A Potential Alternative for Tally in On-Chain Governance](https://gov.gmx.io/t/introducing-degov-a-potential-alternative-for-tally-in-on-chain-governance/5075)
**Author:** [@bear-wang](https://gov.gmx.io/u/bear-wang)\ **Replies:** 1\ **Last updated:** [April 13, 2026, 11:20am UTC](https://gov.gmx.io/t/introducing-degov-a-potential-alternative-for-tally-in-on-chain-governance/5075 "2026-04-13T11:20:30Z")
Hello everyone, I hope this message finds you well. I am Bear Wang, a software engineer from the DeGov team. With the recent announcement of Tally shutting down its services https://x.com/tallyxyz/status/203391420383728… --- ## [GVLT Overcollateralized Credit Market + GMX](https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073)
**Author:** [@aeontrinity](https://gov.gmx.io/u/aeontrinity)\ **Replies:** 1\ **Last updated:** [April 3, 2026, 11:23am UTC](https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073 "2026-04-03T11:23:32Z")
GMX treasury sits on significant USDC from fee revenue. We’ve deployed an overcollateralized credit market on Morpho Blue (Arbitrum) — 115K GVLT at $4,610/token = $531M posted collateral. 62.5% LLTV. 72hr timelock. Same… --- ## [A Strategic Plan to Neutralize CEX Supply Overhang and Restore GMX Price Discovery (Revised)](https://gov.gmx.io/t/a-strategic-plan-to-neutralize-cex-supply-overhang-and-restore-gmx-price-discovery-revised/5042)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 21\ **Last updated:** [March 17, 2026, 1:41pm UTC](https://gov.gmx.io/t/a-strategic-plan-to-neutralize-cex-supply-overhang-and-restore-gmx-price-discovery-revised/5042 "2026-03-17T13:41:55Z")
Liquidity Optimization Onchain Liquidity Withdrawal: Withdraw ~ 600,000 GMX from treasury-controlled Uniswap and Trader Joe pools. This figure is an estimate based on current data; final amounts will be determined up… --- ## [A Strategic Plan to Neutralize CEX Supply Overhang and Restore GMX Price Discovery](https://gov.gmx.io/t/a-strategic-plan-to-neutralize-cex-supply-overhang-and-restore-gmx-price-discovery/5039)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 38\ **Last updated:** [February 19, 2026, 3:04am UTC](https://gov.gmx.io/t/a-strategic-plan-to-neutralize-cex-supply-overhang-and-restore-gmx-price-discovery/5039 "2026-02-19T03:04:16Z")
A Strategic Plan to Neutralize CEX Supply Overhang and Restore GMX Price Discovery Summary Despite BB&D successfully buying back over 2 million GMX — roughly equal to the total CEX + DEX circulating supply at the time of… --- ## [Marketing Funds to Promote GMX and to Test Trader Incentive Scheme 2.0](https://gov.gmx.io/t/marketing-funds-to-promote-gmx-and-to-test-trader-incentive-scheme-2-0/5016)
**Author:** [@Rob](https://gov.gmx.io/u/Rob)\ **Replies:** 18\ **Last updated:** [February 16, 2026, 3:19pm UTC](https://gov.gmx.io/t/marketing-funds-to-promote-gmx-and-to-test-trader-incentive-scheme-2-0/5016 "2026-02-16T15:19:35Z")
Funds Request for Multiple Upcoming Marketing and Incentive Scheme Activities Summary This proposal outlines a request for marketing funds to be made available to a GMX-controlled Multi-Sig to facilitate a trader-focused… --- ## [GMX Labs Funding Proposal (2026-2027)](https://gov.gmx.io/t/gmx-labs-funding-proposal-2026-2027/4979)
**Author:** [@coinflipcanada](https://gov.gmx.io/u/coinflipcanada)\ **Replies:** 33\ **Last updated:** [February 11, 2026, 8:40pm UTC](https://gov.gmx.io/t/gmx-labs-funding-proposal-2026-2027/4979 "2026-02-11T20:40:23Z")
PROPOSAL SUMMARY GMX Labs requests authorization for continued funding for 2026-2027 through a comprehensive two-year framework that includes operating funds and contributor tokens. The proposed plan implements floor and… --- ## [PROPOSAL: We urgently need BURNING!](https://gov.gmx.io/t/proposal-we-urgently-need-burning/4998)
**Author:** [@Nio](https://gov.gmx.io/u/Nio)\ **Replies:** 19\ **Last updated:** [February 4, 2026, 3:45pm UTC](https://gov.gmx.io/t/proposal-we-urgently-need-burning/4998 "2026-02-04T15:45:50Z")
Key data (verified) GMX market cap ~ $73.3M (circulating ~10.38M). Value accrual to GMX stakers: “earning 27% of fees” (GMX docs). Implementation detail: on V2 the 27% of fees is used to reacquire GMX and then di… --- ## [Optimize the methods for obtaining GMX operating funds](https://gov.gmx.io/t/optimize-the-methods-for-obtaining-gmx-operating-funds/5013)
**Author:** [@Daniel](https://gov.gmx.io/u/Daniel)\ **Replies:** 2\ **Last updated:** [February 3, 2026, 2:23pm UTC](https://gov.gmx.io/t/optimize-the-methods-for-obtaining-gmx-operating-funds/5013 "2026-02-03T14:23:04Z")
GMX requires $7-9 million USD in operating expenses annually. According to the team’s previous proposal, these funds would come from future revenue, but we all know that these expenses are fixed, while future revenue is… --- ## [GMX DAO Human Capital Sustainability Brief](https://gov.gmx.io/t/gmx-dao-human-capital-sustainability-brief/5007)
**Author:** [@inca](https://gov.gmx.io/u/inca)\ **Replies:** 2\ **Last updated:** [January 24, 2026, 5:12pm UTC](https://gov.gmx.io/t/gmx-dao-human-capital-sustainability-brief/5007 "2026-01-24T17:12:19Z")
A protocol governing more than 300 million dollars in total value locked operates with a formalized annual budget of 7 million dollars. The proprietary smart contracts infrastructure facilitate a net annual revenue strea… --- ## [The GMX Flywheel – Reigniting Growth, Volume, and Price Momentum](https://gov.gmx.io/t/the-gmx-flywheel-reigniting-growth-volume-and-price-momentum/4902)
**Author:** [@nxs](https://gov.gmx.io/u/nxs)\ **Replies:** 55\ **Last updated:** [January 21, 2026, 3:38am UTC](https://gov.gmx.io/t/the-gmx-flywheel-reigniting-growth-volume-and-price-momentum/4902 "2026-01-21T03:38:18Z")
TL;DR GMX has the best technology in DeFi, but the token has been stuck in reverse for two years. Let’s face it, we lost our mojo. This post kicks off a community-driven plan to turn things around — introducing a Price… --- ## [\[Modified\] Proposal to authorize buybacks for points program to improve Open Interest](https://gov.gmx.io/t/modified-proposal-to-authorize-buybacks-for-points-program-to-improve-open-interest/4915)
**Author:** [@0xjunwei](https://gov.gmx.io/u/0xjunwei)\ **Replies:** 39\ **Last updated:** [November 13, 2025, 4:10am UTC](https://gov.gmx.io/t/modified-proposal-to-authorize-buybacks-for-points-program-to-improve-open-interest/4915 "2025-11-13T04:10:14Z")
This proposal seeks DAO approval to: An Amendment to this proposal has been posted below: Modified the following Execute purchases via TWAP-style execution using: 416,666 USD per month into buyback bot (Modified ver… --- ## [GMX: Introducing Global Hedge Vault (GHV) for Eliminating Impermanent Loss](https://gov.gmx.io/t/gmx-introducing-global-hedge-vault-ghv-for-eliminating-impermanent-loss/4780)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 23\ **Last updated:** [November 8, 2025, 1:04am UTC](https://gov.gmx.io/t/gmx-introducing-global-hedge-vault-ghv-for-eliminating-impermanent-loss/4780 "2025-11-08T01:04:37Z")
Background In the current GM/GLV structure, LPs earn trading fees and borrowing fees but also bear directional PnL risk from traders. This behaves similar to impermanent loss: When traders are profitable overall, LP r… --- ## [Suggestions for Disclosure of Buyback Allocation Information](https://gov.gmx.io/t/suggestions-for-disclosure-of-buyback-allocation-information/4916)
**Author:** [@siyuan](https://gov.gmx.io/u/siyuan)\ **Replies:** 3\ **Last updated:** [November 5, 2025, 4:37pm UTC](https://gov.gmx.io/t/suggestions-for-disclosure-of-buyback-allocation-information/4916 "2025-11-05T16:37:54Z")
We have observed that project teams like CAKE and SKY typically maintain dedicated information disclosure websites to attract investor interest. 1. They also regularly publish dividend/burn data on their Twitter account… --- ## [Existing validity rules for sneaky governance Snapshot Poll attempts?](https://gov.gmx.io/t/existing-validity-rules-for-sneaky-governance-snapshot-poll-attempts/4907)
**Author:** [@Btcfever](https://gov.gmx.io/u/Btcfever)\ **Replies:** 3\ **Last updated:** [October 31, 2025, 9:08am UTC](https://gov.gmx.io/t/existing-validity-rules-for-sneaky-governance-snapshot-poll-attempts/4907 "2025-10-31T09:08:10Z")
Some dude posted a 3-day vote a few hours ago: https://snapshot.box/#/s:gmx.eth/proposal/0xefcf5745b02e8afb8a20f10f800219c47e902c67f0f7a0c36e24233e1a111496 He did all the things that should invalidate a vote’s results: … --- ## [\# GMX Treasury — Three-Fund Architecture, esGMX-Only Discounts (up to −80%), and 50/50 Fee Distribution](https://gov.gmx.io/t/gmx-treasury-three-fund-architecture-esgmx-only-discounts-up-to-80-and-50-50-fee-distribution/4880)
**Author:** [@gmboop](https://gov.gmx.io/u/gmboop)\ **Replies:** 7\ **Last updated:** [October 29, 2025, 5:26am UTC](https://gov.gmx.io/t/gmx-treasury-three-fund-architecture-esgmx-only-discounts-up-to-80-and-50-50-fee-distribution/4880 "2025-10-29T05:26:39Z")
GMX Treasury — Three-Fund Architecture, esGMX-Only Discounts (up to −80%), and 50/50 Fee Distribution (TL;DR) Split the Treasury into three funds with clear routing: GMX Reserve — maintain a GMX:esGMX target mix (defau… --- ## [Proposal: Redirect 27% Buyback & Distribution Fees Toward GM GMX-USD Pool and Trader Incentives](https://gov.gmx.io/t/proposal-redirect-27-buyback-distribution-fees-toward-gm-gmx-usd-pool-and-trader-incentives/4901)
**Author:** [@Harrybo](https://gov.gmx.io/u/Harrybo)\ **Replies:** 12\ **Last updated:** [October 29, 2025, 5:26am UTC](https://gov.gmx.io/t/proposal-redirect-27-buyback-distribution-fees-toward-gm-gmx-usd-pool-and-trader-incentives/4901 "2025-10-29T05:26:18Z")
Summary This proposal suggests modifying the current tokenomics distribution by redirecting the 27% of protocol revenue currently used for GMX buyback and distribution toward the GM GMX-USD pool, with the USD yield from … --- ## [Future of GLP Vaults ? Arbitrum & Avalanche](https://gov.gmx.io/t/future-of-glp-vaults-arbitrum-avalanche/4759)
**Author:** [@Zzzebra](https://gov.gmx.io/u/Zzzebra)\ **Replies:** 9\ **Last updated:** [October 17, 2025, 3:54pm UTC](https://gov.gmx.io/t/future-of-glp-vaults-arbitrum-avalanche/4759 "2025-10-17T15:54:33Z")
Hi, On Arb, GLP will be “replaced” soon by GLV tokens. On Avalanche, I heard nothing similar. On both blockchains, GLP is mandatory for vesting esGMX and GLP rewards will stay at 0 for eternity. So what is the future o… --- ## [Whitelist Request: AIFuturesTradingBot (Arbitrum) Owned by my EOA](https://gov.gmx.io/t/whitelist-request-aifuturestradingbot-arbitrum-owned-by-my-eoa/4879)
**Author:** [@ProProcastinator](https://gov.gmx.io/u/ProProcastinator)\ **Replies:** 7\ **Last updated:** [October 9, 2025, 8:45pm UTC](https://gov.gmx.io/t/whitelist-request-aifuturestradingbot-arbitrum-owned-by-my-eoa/4879 "2025-10-09T20:45:41Z")
Hey GMX Team :waving\_hand: I’m requesting whitelist approval for my verified smart contract AIFuturesTradingBot deployed on Arbitrum One. The contract is built to trade safely through GMX V2 using the official Exchange… --- ## [Proposal: Seasonal Trading Points with Treasury-Funded GMX Airdrops](https://gov.gmx.io/t/proposal-seasonal-trading-points-with-treasury-funded-gmx-airdrops/4873)
**Author:** [@Harrybo](https://gov.gmx.io/u/Harrybo)\ **Replies:** 5\ **Last updated:** [September 22, 2025, 10:01pm UTC](https://gov.gmx.io/t/proposal-seasonal-trading-points-with-treasury-funded-gmx-airdrops/4873 "2025-09-22T22:01:38Z")
Proposal: Seasonal Trading Points with Treasury-Funded GMX Airdrops Summary This proposal suggests introducing a Seasonal Trading Points system, where users accumulate points through trading activity over a defined seas… --- ## [GMX: Increasing Buyback & Distribute Fee Coverage from 27% to 90%](https://gov.gmx.io/t/gmx-increasing-buyback-distribute-fee-coverage-from-27-to-90/4175)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 56\ **Last updated:** [September 1, 2025, 10:00am UTC](https://gov.gmx.io/t/gmx-increasing-buyback-distribute-fee-coverage-from-27-to-90/4175 "2025-09-01T10:00:30Z")
Background: Over the past 30 days, GMX’s buyback has yielded impressive results: Total GMX Bought Back: 103,764 GMX (5% of circulating supply) Total Value: $3,341,200 While favorable market conditions make it cha… --- ## [GMXSOL: Provide GT rewards to LPs](https://gov.gmx.io/t/gmxsol-provide-gt-rewards-to-lps/4719)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 10\ **Last updated:** [August 8, 2025, 11:51am UTC](https://gov.gmx.io/t/gmxsol-provide-gt-rewards-to-lps/4719 "2025-08-08T11:51:04Z")
Background Since the base APY for LPs is currently low, it’s difficult to achieve meaningful TVL growth. To increase LP earnings and encourage long-term liquidity provision, we plan to introduce a tiered GM/GLV reward m… --- ## [How to attract more people to trade on GMX](https://gov.gmx.io/t/how-to-attract-more-people-to-trade-on-gmx/4667)
**Author:** [@Daniel](https://gov.gmx.io/u/Daniel)\ **Replies:** 2\ **Last updated:** [August 2, 2025, 1:15pm UTC](https://gov.gmx.io/t/how-to-attract-more-people-to-trade-on-gmx/4667 "2025-08-02T13:15:59Z")
At present, the circulating market value of GMX is only 124M, and the monthly dividends for GMX staking will exceed 2M, which will transfer GMX tokens to more and more loyal holders. This is a great design. But how to a… --- ## [GMXSOL: Trading Competition Framework V2](https://gov.gmx.io/t/gmxsol-trading-competition-framework-v2/4718)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 3\ **Last updated:** [July 30, 2025, 5:41am UTC](https://gov.gmx.io/t/gmxsol-trading-competition-framework-v2/4718 "2025-07-30T05:41:15Z")
Background In previous trading competitions, the incentive primarily relied on “total trading volume ranking” and “last valid trade”. While these rules offered simplicity and gamification, they revealed several issues i… --- ## [Assist V1 GLP Depositors Stuck in Archi Finance](https://gov.gmx.io/t/assist-v1-glp-depositors-stuck-in-archi-finance/4521)
**Author:** [@BlueBerry\_KR](https://gov.gmx.io/u/BlueBerry_KR)\ **Replies:** 23\ **Last updated:** [July 11, 2025, 7:35pm UTC](https://gov.gmx.io/t/assist-v1-glp-depositors-stuck-in-archi-finance/4521 "2025-07-11T19:35:00Z")
Introduction: It has come to the attention of the GMX contributors that Archi Finance, a third party vault V1 built on GLP has abandoned their project. GMX contributors have been unable to reach their team and currently… --- ## [GMX: Enhancing Fairness in the Referral System](https://gov.gmx.io/t/gmx-enhancing-fairness-in-the-referral-system/3764)
**Author:** [@gmsolq](https://gov.gmx.io/u/gmsolq)\ **Replies:** 16\ **Last updated:** [May 19, 2025, 2:22pm UTC](https://gov.gmx.io/t/gmx-enhancing-fairness-in-the-referral-system/3764 "2025-05-19T14:22:57Z")
Introduction This proposal aims to make minimal changes to the current GMX referral mechanism to create a fairer system that incentivizes more users to promote GMX. Issues with the Current Model Lack of Incentive for… --- ## [Fees ditribution and trading competitions](https://gov.gmx.io/t/fees-ditribution-and-trading-competitions/4540)
**Author:** [@strategx](https://gov.gmx.io/u/strategx)\ **Replies:** 3\ **Last updated:** [May 8, 2025, 10:12pm UTC](https://gov.gmx.io/t/fees-ditribution-and-trading-competitions/4540 "2025-05-08T22:12:30Z")
Hello all, I would like to suggest 2 topics for discussion, First, Suggestion to distribute part of GMX staking rewards in USDC (or other stablecoin) and the other part to remain in GMX. That would push the buying pres… [Next page](https://gov.gmx.io/tag/governance/1.md?match_all_tags=true&page=1&tags%5B%5D=governance)