GMX submitted a total of 14 million ARB tokens funding application to Arbitrum to deepen DeFi activity and promote ecological cooperation

ChainCatcher news, GMX has submitted a detailed funding proposal to Arbitrum, focusing on creating diverse perpetual and spot pools with high liquidity and capital efficiency.

GMX requests the DAO to consider approving incentives of up to 12 million ARB tokens for its V2 version, along with an additional 2 million ARB tokens for liquidity and trading volume programs aimed at ecosystem partners building on GMX V2 but not directly receiving incentives from the Arbitrum DAO.

This proposal primarily focuses on: converting CEX users to DEX users, promoting the development and integration of the Arbitrum protocol on GMX V2, targeted incentives for liquidity provision, and fostering an active on-chain trading environment.