GMX Governance Committee Dissolved, Internal Contributors Take Over Arbitrum Governance Responsibilities

The GMX Governance Committee will be dissolved after the end of its fourth term, with internal contributors from GMX representing GMX DAO in Arbitrum DAO governance and taking over the committee's signature seats in the governance multi-signature. The change in signatories is planned to be executed on-chain later this week, with the multi-signature still requiring 3 out of 5 signatories to approve. The committee was established in July 2024 and was responsible for using the 12 million ARB tokens granted to GMX to participate in Arbitrum governance voting on behalf of GMX DAO. The announcement stated that as the number of Arbitrum governance proposals decreases, the necessity for a separate committee diminishes, and the handover will not incur additional costs for GMX DAO.

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