#gmx #binance $$GMX announces two important governance proposals on snapshot
According to Odaily, GMX has made two important governance proposals on Snapshot. Voting includes updating the maximum leverage parameters on GMX and setting up the GMX token pool and market on GMX V2. The governance vote to establish a GMX token pool and market on GMX V2 aims to determine the list of potential markets of GMX tokens. The Oracle feed for the GMX token has been tested and will be deployed on Avalanche in June 2024.
The first suggestion involves updating the maximum leverage parameters on GMX. This is an important aspect of the platform's functionality, as it determines the extent to which users can leverage their investments. The second proposal is about setting up a GMX token pool and marketplace on GMX V2. The move aims to identify the GMX token's potential market listing, an important step towards increasing the token's visibility and accessibility in the market.
The Oracle data feed for the GMX token, providing real-time price information, has completed testing. They are expected to be deployed on Avalanche, a blockchain platform known for its high performance and scalability, in June 2024. This development is expected to enhance functionality and reliability. of the GMX token, further strengthening their position in the market.$NOT