GMX Bridging & Messaging Vote
APR
12
Event date
Saturday 12 April 2025, UTC
Event description
- GMX, a decentralized perpetual futures exchange on Arbitrum and Avalanche, announced a governance proposal on April 4, 2025, to select a bridging and messaging partner for its Multichain expansion, with voting live on Snapshot for tokenholders.
- The proposal aims to enhance GMX’s cross-chain capabilities, crucial for scaling DeFi operations, as bridging solutions like Chainlink’s CCIP—highlighted in replies—have secured over $18 trillion in on-chain transactions by 2025, per Chainlink data.
- GMX’s governance model, using Snapshot for off-chain voting, reflects a trend in DeFi where DAOs empower tokenholders to decide protocol upgrades, a practice that has grown since Snapshot’s adoption by over 1,000 projects by 2023.
GMX
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