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

start

December 4, 2023

11:00 AM

end

December 11, 2023

12:00 PM

Voting

off-chain

Voting type

basic

Voters

5,364

Votes

94,043

Final Votes

closed

For

93.9K sbfGMX

99.82%

Against

78.9 sbfGMX

0.08%

Abstain

88.3 sbfGMX

0.09%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%