MPs update

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)

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

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%

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%