Close XVIX / Gambit Migration
When the GMX DAO was formed there was an allocation of up to 6 million GMX tokens to support the migration of XVIX and Gambit community into GMX. With both the migration window and subsequent migrations at total of 5,745,462 GMX tokens have been utilized for this purpose.
It is proposed that the migration window for XVIX and Gambit now be closed on the successful completion of a 7 day snapshot vote. Having supported the migration for over two years and an over 95% conversion rate, the goals set out have clearly been completed.
Ending migrations will also mean less technical and administrative overhead as the work continues to harden GMX governance with greater token holder taking on more direct control over the process, rather than utilizing delegation to contributors and admins to perform such activities for them.
All remaining tokens from the XVIX / Gambit Migration that are unutilized will return to the GMX treasury and are available for allocation as governance determines.
This proposal has no prior technical dependancies and can be implemented with immediate effect.
DISCLAIMER See linked proposal
Off-Chain Vote
For
93.88K GMX99.8%
Against
78.87 GMX0.1%
Abstain
88.29 GMX0.1%
Discussion
Timeline
Dec 04, 2023Proposal created
Dec 04, 2023Proposal vote started
Dec 11, 2023Proposal vote ended
Dec 11, 2023Proposal updated