TechFlow News: On March 21, GMX Labs released a leadership structure upgrade proposal, which has been approved by DAO governance voting with 96.42% of votes in favor. The proposal states that, as the team expands and competition intensifies in the perpetual DEX sector, GMX Labs’ early flat, founder-driven organizational structure is no longer sustainable and must transition toward a clearer, more accountable, traditional leadership structure.
The proposal announces the introduction of a CEO through an open recruitment process. Candidates will be drawn from DeFi, CeFi, traditional finance, and technology industries, with the goal of completing recruitment and onboarding by April 2026 and finalizing organizational restructuring—including submission to the DAO of a new contributor token allocation plan aligned with performance—by June. The CEO’s responsibilities include defining GMX Labs’ strategic direction, building a functional leadership team, strengthening partnerships, and representing GMX Labs externally at industry events.
Compensation for the CEO consists of a base salary of $150,000–$200,000 per year, paid in stablecoins; and performance-based incentives denominated in GMX tokens, directly tied to protocol fee growth. The current annualized protocol fee baseline stands at approximately $60 million. A 50% increase in fees triggers partial rewards; a 100% increase—to roughly $120 million—entitles the CEO to the full base reward pool of 40,000 GMX tokens; and a 125% increase—to approximately $135 million—grants an additional special reward of 10,000 GMX tokens. All GMX tokens awarded will be adjusted by a multiplier of 0.5x to 1.5x based on the 30-day volume-weighted average price (VWAP) of GMX. The annual cap on token compensation is 75,000 GMX tokens. Of the performance rewards, 25% vests immediately upon target achievement, while the remaining 75% vests linearly over 24 months; unvested portions are forfeited in case of early departure.
During the transition period, a Temporary Leadership Committee composed of four members—X, Coin, B, and Kal—will oversee ongoing operations, advance the existing roadmap, and lead the CEO search process.
