Single Token Markets - Avalanche GMX V2

Proposed the enabling of single token markets on GMX V2 Avalanche. The successful launch of ETH and BTC markets on Arbitrum has shown strong demand for a yield generating proxy of these single assets. Propose to extend the recommendation provided for Arbitrum markets (BTC & ETH) to Avalanche while also adding support for gmAVAX+ (AVAX-AVAX).

In addition to the completed risk review, contributors have also had discussions with key partners on Avalanche to support the growth of a potential gmAVAX+ market, with lending markets and CDPs indicating support and Ava Labs supportive of directing Rush incentives towards the growth of this market.

Token Address: 0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a (Arbitrum)

Listing Chain: Avalanche

Summary: AVAX is the is the native gas token of the Avalanche blockchain, the largest EVM Alt-L1.

MCAP: $14.2 billion

Daily Volume: $440 million

Coingecko Link: https://www.coingecko.com/en/coins/avalanche 1

as on May 17, 2024

Chaos Recommendations for AVAX single token market https://chaos-labs.notion.site/EXT-WAVAX-single-token-pool-recommendation-55e740df250945c4abc89d75af4f753d?pvs=4

Prior governance vote & discussion for BTC & ETH single token market https://snapshot.org/#/gmx.eth/proposal/0xc62340aa5c5e3993bb3b4cd8e0f391bcdc60319032431146fcfba8a7b65b8fdb

Voting Options Each of BTC, ETH, AVAX will have options to support their creation or decline their creation, the successful option for each will express the intent of governance.

start

May 21, 2024

11:38 AM

end

May 27, 2024

12:00 AM

Voting

off-chain

Voting type

approval

Voters

2,356

Votes

1,448,119

Final Votes

closed

Create gmAVAX+ on Avalanche

492.9K sbfGMX

34.04%

Create gmBTC+ on Avalanche

476.3K sbfGMX

32.89%

Create gmETH+ on Avalanche

476.2K sbfGMX

32.88%

Don't list gmAVAX+ on Avalanche

865.2 sbfGMX

0.06%

Don't list gmBTC+ on Avalanche

926.6 sbfGMX

0.06%

Don't list gmETH+ on Avalanche

864.7 sbfGMX

0.06%

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%