GMSOL's Fee Distribution will adopt a structure where 60% is used for buyback $GMX and reserve for GMSOL Points, 30% is provided to LPs as real yield, and 10% is reserved for tech.
For each transaction, the executing GM Pool will receive real yield, and both the GM Pool and the
GMSOL will submit for a preliminary estimate by the audit firm this week. Based on the estimate results, the vote on the proposal will be officially initiated.
GMSOL is driven by a group of GMX community members with a clear vision. Since GMSOL was proposed, we have been working day and night for two consecutive months. We have now basically completed deploying the GMX V2 on Solana, and if this was the goal, we would essentially be
Passionate community members have been working hard on the framework for a licensed GMX V2 deployment on the
@Solana
network. The video below illustrates the progress.
Read their proposal to the GMX DAO:
In a discussion with community member SeraphLucky, we realized that there might be a strong demand for trading on the GM Meme Market. Therefore, we also want to combine a video to showcase what the experience of trading
#PEPE
and
#WIF
on GMSOL in the test environment is like.
We could have chosen to raise funds, but we didn't; we could have chosen to request compensation for technology development, but we didn't; we could have chosen to issue new tokens, but we didn't; we could have chosen to release the proposal first to gain support before doing the
Thank you to community member Ultima X for inquiring about the actual user experience of depositing and withdrawing GM LP tokens on GMSOL. In response, we have created a simple video to showcase this process.