GMX Vote on Deployment on Spiderchain
APR
28
Event date
Monday 28 April 2025, UTC
Event description
- 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
Bullish or Bearish?
GMX
Be aware of the recent news
in crypto every day
Please keep me updated by email with the latest crypto news, research findings, reward programs, event updates, coin listings, and more information from Bitdates.