[GMX] [FINAL] [STIP - Round 1]

GMX: @coinflip

From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:

  • GMX has an ambitious goal: migrating TVL from CEX to Arbitrum, backed by sound reasoning.
  • Capital efficiency: increasing TVL.
  • Cost reduction: subsidizing trading fees.
  • UX improvement: incentivizing operations on protocols that are built on GMX.
  • Noteworthy is the fact that the protocol represents 24% of Arbitrum’s TVL (1,740M USD TVL in Arbitrum - 419M USD TVL in GMX). Given that the program has 50M ARB, GMX is requesting 28% of the total ARB.

We want to clarify that this is not the final vote, since as we clarify in this release, the final vote is defined by our community. We also want to invite you to attend our Governance Call that will be held tomorrow in our discord.