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
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- Author
0x8242…b7a6
- IPFS#bafkreid
- Voting Systembasic
- Start DateDec 04, 2023
- End DateDec 11, 2023
- Total Votes Cast94.04K GMX
- Total Voters5.36K
Discussion
Timeline
- Dec 04, 2023Proposal created
- Dec 04, 2023Proposal vote started
- Dec 11, 2023Proposal vote ended
- Dec 11, 2023Proposal updated