Gate News, March 22 — GMX Labs has proposed an organizational upgrade plan, which was approved through DAO governance with 96.42% support. The proposal states that as the team expands and competition in the perpetual DEX sector intensifies, GMX Labs’ early flat, founder-driven organizational structure can no longer meet development needs. A transition to a clearer, more accountable traditional leadership structure is necessary.
GMX Labs will introduce a CEO through a public recruitment process, targeting candidates from DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, reorganize the organizational structure by June, and submit a new contributor token distribution plan to the DAO. The CEO’s responsibilities include setting strategic direction, building a leadership team, strengthening partnerships, and representing GMX Labs at industry events.
Regarding compensation, the CEO’s base salary will be between $150,000 and $200,000 annually, paid in stablecoins. Performance incentives will be paid in GMX tokens, directly linked to protocol fee growth, with the current annualized protocol fee benchmark around $60 million. A 50% fee increase can earn partial rewards, a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX, and a 125% increase to about $135 million will earn an additional 10,000 GMX in special rewards. The GMX tokens awarded will be adjusted based on the GMX 30-day average price, ranging from 0.5 to 1.5 times. The annual token compensation cap is 75,000 GMX. 25% of performance rewards will be unlocked immediately upon achievement, with the remaining 75% linearly vested over 24 months. Early departure will forfeit any unvested tokens.
During the transition period, a temporary leadership committee composed of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the current roadmap, and leading the CEO search.
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