GMXSOL Trading Competition

Dear GMX Community,

We are excited to launch a new multi-round trading competition program on GMXSOL, aiming to incentivize trading activity and provide a reference model for trading-based rewards on GMX.

Following initial community feedback and governance discussions, we have drafted a flexible yet competitive structure for this initiative. To finalize the competition design, we are asking the community to vote on key parameters that will shape how rewards are distributed.

Overview of the Competition Format

Rewarded addresses:

The top addresses by trading volume during the competition period. The address that executes the final qualifying trade — defined as a trade over $10,000 followed by no other qualifying trade within 10 seconds.

Dynamic Time Extension:

The initial competition duration is 24 hours. Each valid trade exceeding $10,000 extends the competition by 10 seconds, with a maximum extension that does not surpass the current 24-hour window.

Prize Pool Growth:

The competition prize pool will have: A guaranteed minimum amount provided by the GMXSOL treasury (to be voted on). Additionally, 30% of the protocol’s income generated during the competition will continuously add to the prize pool, increasing its size as the competition progresses.

Multi-Round Plan:

This trading competition is intended to run in multiple rounds. For the first round, we will use only 30% of the voted prize pool floor to allow for safe testing and iteration. In future rounds, the full amount as determined by this vote will be used as the prize pool floor.

1. What should be the minimum prize pool floor (funded by the treasury)?

$0 $10,000 $30,000 $100,000

This amount defines the base prize pool size before 30% protocol income is added. Only 30% of the chosen amount will be used for the first competition round.

2. What percentage of the total prize pool should be awarded to the address with the final valid trade?

30% 40% 50%

The remaining prize pool will be allocated to top traders based on trading volume.

3. How should the remaining prize pool (after final-trade reward) be distributed among the top 5 addresses by trading volume?

Please select one of the following distribution options:

Option A

1st place: 100%

Option B

1st place: 50% 2nd place: 30% 3rd place: 20%

Option C

1st place: 50% 2nd place: 25% 3rd place: 15% 4th place: 7% 5th place: 3%

This vote ensures we design a fair and motivating reward structure for top-performing traders.

Your vote matters. We’re committed to building transparent, impactful, and community-driven incentive programs.