GMX Governance Proposal Approved for Public CEO Recruitment, Comprehensive Annual Salary Up to Approximately $700,000 with Base Salary Plus Token Incentives

DeepFlowTech · 2026-03-21T10:22:03+00:00

GMX Labs voted via DAO on March 21 to upgrade its leadership structure and plans to publicly recruit a CEO to accommodate team expansion and industry competition. The CEO will be responsible for strategic planning and team development, with compensation paid in stablecoins and GMX tokens, including performance-based incentives. During the transition period, operations will be managed by a temporary leadership committee.

DeepFlowTech

2026-03-21 10:22:03

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Deep Tide TechFlow News, March 21 — GMX Labs has proposed an organizational leadership upgrade, which has been approved through DAO governance with 96.42% support. The proposal states that as the team grows and competition in the perpetual DEX sector intensifies, GMX Labs’ early flat, founder-driven organizational structure can no longer sustain itself. A transition to a clearer, more accountable traditional leadership structure is necessary.

The proposal announces the introduction of a CEO through an open recruitment process. Candidates will come from DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, with organizational restructuring and a new contributor token allocation plan aligned with performance to be submitted to the DAO by June. The CEO’s responsibilities include setting GMX Labs’ strategic direction, building a leadership team, strengthening partnerships, and representing GMX Labs at industry events.

Regarding compensation, the CEO will receive an annual base salary of $150,000 to $200,000 paid in stablecoins. Performance incentives will be paid in GMX tokens, directly linked to protocol fee growth, with the current annualized protocol fee benchmark around $60 million. A 50% fee increase can earn partial rewards; a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX; a 125% increase to about $135 million will additionally earn 10,000 GMX as a special reward. The GMX tokens awarded will be adjusted based on the 30-day average price, ranging from 0.5 to 1.5 times, with an annual token compensation cap of 75,000 GMX. 25% of performance rewards will be unlocked immediately upon achievement, with the remaining 75% linearly vested over 24 months. Early departure will forfeit any unvested tokens.

During the transition period, a temporary leadership committee composed of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the current roadmap, and leading the CEO search.

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