Summary

This proposal transfers the treasury assets listed below to the GMX POL Multisig as a contingency reserve under the existing $10M market-making plan.

Phase 1 provided 3,000,000 USDC. GM Labs’ assessment is that deployed capital is improving GMX liquidity and market activity.

The reserve would only be deployed during a severe market downturn affecting GMX liquidity, allowing a timely response without another DAO funding vote. This transfer does not initiate deployment or increase the existing $10M funding envelope.

Specification

• Network: Arbitrum One.
• From: GMX DAO treasury.
• To: GMX POL Multisig — 0xc6378dDF536410c14666DC59BC92b5EBC0F2F79E (4-of-7).
• Assets: Treasury holdings of WETH, WBTC, Wrapped SOL, LINK, USDC, GMX, ARB, AAVE, UNI, and PEPE.
• Transfer: In kind, with exact token addresses and quantities defined in the on-chain proposal actions. Their market value fluctuates; this is not a fixed $7M transfer.

Voting

• For: Transfer the specified assets to the POL Multisig under these terms.
• Against: Do not execute the transfers.