GMX Announces Two Key Governance Proposals On Snapshot

According to Odaily, GMX has released two significant governance proposals on Snapshot. The voting involves updating the maximum leverage parameters on GMX and establishing a GMX token pool and market on GMX V2. The governance vote to establish a GMX token pool and market on GMX V2 is aimed at determining the potential market listing of GMX tokens. The Oracle feeds for GMX tokens have been tested and will be deployed on Avalanche in June 2024. The first proposal involves updating the maximum leverage parameters on GMX. This is a crucial aspect of the platform's functionality, as it determines the extent to which users can leverage their investments. The second proposal is about establishing a GMX token pool and market on GMX V2. This move is intended to determine the potential market listing of GMX tokens, a significant step towards increasing the token's visibility and accessibility in the market. The Oracle feeds for GMX tokens, which provide real-time price information, have completed testing. They are set to be deployed on Avalanche, a blockchain platform known for its high performance and scalability, in June 2024. This development is expected to enhance the functionality and reliability of GMX tokens, further solidifying their position in the market.