ChainCatcher reports that GMX Labs has released a leadership structure upgrade proposal, which has passed the DAO governance vote with 96.42% approval. The proposal states that with the team's expansion and intensifying competition in the perpetual DEX sector, GMX Labs' early flat, founder-driven organizational structure is no longer sustainable and a transition to a clearer, more accountable traditional leadership structure is necessary.
The proposal announces a public recruitment process to bring in a CEO, with candidates spanning DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, and to finalize the organizational restructuring and submit a performance-aligned new contributor token allocation plan to the DAO by June. The CEO's responsibilities include defining GMX Labs' strategic direction, building a functional leadership team, strengthening partnerships, and representing GMX Labs in industry activities.
Regarding compensation, the CEO's base salary is $150,000 to $200,000 annually, paid in stablecoins. Performance incentives are denominated in GMX tokens and directly linked to protocol fee growth, with the current annualized protocol fee benchmark being approximately $60 million. A 50% increase in fees will earn partial rewards, a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX, and a 125% increase to approximately $135 million will earn an additional 10,000 GMX as a special reward. The earned GMX tokens will also be adjusted based on the 30-day average GMX price by 0.5 to 1.5 times, with an annual token compensation cap of 75,000 GMX. 25% of the performance rewards will be unlocked immediately upon achieving the target, with the remaining 75% vesting linearly over 24 months. Early departure will result in forfeiture of the unvested portion.
During the transition period, a temporary leadership committee consisting of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the existing roadmap, and leading the CEO search.
