GMX puts Market-Making Fund Phase 2 proposal on Tally

GMX has opened voting on a governance proposal to fund the second phase of its $10M Market-Making Fund — titled "Phase 2 — Contingency Reserve" — now live on the Tally governance platform. Tokenholders are being asked to vote directly or ensure their voting power is delegated to an active delegate.

• The proposal follows Phase 1, which allocated $10M from the GMX treasury to a fund for GMX token market making and GT buybacks
• Phase 2 funds the fund's contingency reserve, per the proposal title
• Voting runs on Tally; GMX flagged the proposal in its official posts on October 30