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MPs update

MPs update

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GMX by 0x82429089e7c86B7047b793A9E7E7311C93d2b7a6 on
May 3, 2024, 6:11 PM

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Based on the initial governance snapshot for updating MPs within the GMX ecosystem and the follow-on discussion below are the proposed options for implementation

Votes can be divided up between the 9 options below in the following groups.

Group One: Option 1 - 4 End MP Reward Group Two: Option 5 - 8 Adjust APR on MPs emission Group Three: Option 9

The grouping with the maximum votes will become the preferred option, with the highest voted option in that group being implemented

Prior Vote (https://snapshot.org/#/gmx.eth/proposal/0xe4dff0f4dde41f906c6f93eaf6406aa2b3a39aa12e15c6a5c4ea36eed6e37227

Discussion (https://gov.gmx.io/t/towards-addressing-the-question-of-mps-next-steps/3410)

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start
May 3, 2024
6:11 PM
end
May 8, 2024
12:00 PM

Voting
off-chain
Voting type
weighted
Voters
1,701
Votes
3,781,086

Final Votes
closed
End MP Reward
1.4M sbfGMX
37.22%
End MP Reward, 1 esGMX per 100MP
162.8K sbfGMX
4.3%
End MP Reward, 1 esGMX per 50 MP
1.8K sbfGMX
0.05%
End MP Reward, 1 esGMX per 25 MP
2.1M sbfGMX
54.58%
Set MP APR to 75%
3.5K sbfGMX
0.09%
Set MP APR to 50%
31.9 sbfGMX
0%
Set MP APR to 25%
710.4 sbfGMX
0.02%
Set MP APR to 0%
2.5K sbfGMX
0.07%
No Change
138.5K sbfGMX
3.66%