GMX plans to place its Arbitrum DAO voting work and related multisig seats with internal contributors after Season 4, citing lower proposal activity as the reason to end its standing committee.
A governance notice GMX published Nov. 10 sets the committee’s end at Season 4 and rules out another season or an election. Once the transition takes effect, contributors will participate in Arbitrum DAO votes on GMX’s behalf and occupy the committee’s positions on a GMX governance multisig.
GMX formed the committee in July 2024 to vote with a grant of 12 million Arbitrum (ARB) tokens. The notice links its planned closure to a smaller flow of proposals in Arbitrum governance, which GMX said has reduced the need for a separate committee.
GMX said contributors already receive pay under existing agreements, so the change is not expected to increase costs for GMX DAO. The multisig will keep its current approval rule: three of its five signers must approve a transaction. GMX plans to update the signer list later this week, leaving the transition pending.
