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GMX market-making fund phase two proposal goes live on Tally

NewsFeeds update

GMX's second-phase market-making fund proposal is live on the Tally governance platform and would set up a dedicated contingency reserve to fund later market-making activity. GMX holders and governance delegates can vote, and holders can delegate their voting power to active delegates.

AltcoinsOdailyAINeutral

Read the original on Odaily

The story so far: GMX market-making fund phase two

GMX has put a proposal on Tally to fund the second phase of its $10m GMX token market-making programme, with voting open to holders and delegates. The proposal would move treasury assets in kind to a 4/7 GMX POL multisig on Arbitrum One, with voting running 6-11 Nov.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. GMX market-making fund phase two proposal goes live on Tally

  2. GMX DAO votes on moving about $7m of treasury assets to POL multisig

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