GMX DAO Vote Would Move About $7 Million in Tokens Into Emergency Reserve

GMX DAO token holders are considering moving a treasury basket worth about $7 million into a multisig reserve, giving the trading platform a way to respond to severe liquidity stress without another vote. The proposed basket includes WETH, WBTC, Wrapped SOL, LINK, USDC, GMX, ARB, AAVE, UNI and PEPE. The assets would move in their original forms to the GMX POL multisig on Arbitrum One. Their market value will fluctuate with prices, so the basket is not a fixed $7 million amount.

Source: TokenPost