Summary

Following the community discussion and Snapshot vote, the DAO approved the Strategic Plan to Neutralize CEX Supply Overhang and Restore GMX Price Discovery proposal. This on-chain vote executes the first step: optimizing protocol-owned liquidity and updating the multi-sig responsible for its administration.

NFT Transfer

Each NFT represents a Uniswap v3 Liquidity Pool Position. Following further discussion, NFTs valued in the $1.18–$30 range were selected for transfer from the DAO treasury to the multi-sig, as these positions were identified as the most relevant for consolidation under the updated signer structure. These transfers have been executed accordingly as part of the broader liquidity optimization and treasury management effort.

Multi-sig Signer Update

This proposal will be using the same multi-sig that has been used for the administration of Protocol Owned Liquidity. The multi-sig at 0xc6378dDF536410c14666DC59BC92b5EBC0F2F79E, used for the administration of Protocol Owned Liquidity, will be updated from a 3/5 (Xdev, Gdev, Coin, Tano, Kr) to a 4/6 structure, replacing Xdev and Kr with Sol, Governance Committee, and Kal, with the remaining signers Coin, Tano, and Gdev continuing in their roles.