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.


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GMX (GMX) Events List

GMX Vote on Deployment on Spiderchain

GMX, a decentralized exchange protocol, announced a governance proposal to deploy GMX V2 on Spiderchain, a second-layer blockchain solution by Botanix Labs, which uses a decentralized network of multisig wallets to secure Bitcoin on the Botanix EVM chain.The Spiderchain separates Bitcoin the asset from Bitcoin the blockchain, ensuring security through "forward security" design, where even a 2/3 majority attack cannot access older multisig-locked Bitcoin, as detailed by Botanix Labs documentation.Voting for the proposal is hosted on Snapshot, a decentralized voting platform, and is open until April 28, 2025, allowing GMX community members to influence the protocol's expansion into new blockchain infrastructure.

GMX

April 28

GMX

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