Since launch, GMXSOL has contributed $3,163,789,994 in trading volume to GMX and generated $1,347,212 in fees. Of this, 10% has been allocated to the tech and operation segment. The tech and operation budget currently allocated to GMXSOL Labs has been fully spent, with all Labs members remaining unpaid throughout this period.

We are now requesting an additional $300,000 from the GMXSOL Treasury to cover the costs of ongoing audits, risk management, infrastructure, frontend development, and marketing. All Labs members will remain entirely unpaid until protocol revenue is sufficient to cover expenses.

GMXSOL Labs has already spent an additional $300,000 out-of-pocket. Therefore, the GMX requested from the GMXSOL Treasury will be held by GMXSOL Labs to show continued support for GMX and to avoid placing sell pressure on the market. Based on the current GMX price of $13.66, this amounts to 21,961 GMX ($300,000 / $13.66).

The transfer address is: 0x4ec9D8C2A751320eD4Ebaa3B5C2d637fE3Faf8A6.