GMX Publicly Recruiting CEO with Base Salary Plus Token Incentives, Total Annual Compensation Up to Approximately $700,000

ChainCatcher News: GMX Labs has proposed an upgrade to its leadership structure, which has been approved through DAO governance with 96.42% of votes in favor. The proposal states that as the team grows and competition in the perpetual DEX sector intensifies, GMX Labs’ early flat, founder-driven organizational structure can no longer sustain itself. A transition to a clearer, more accountable traditional leadership framework is necessary.

The proposal announces the introduction of a CEO through an open recruitment process. Candidates will come from DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, reorganize the organizational structure by June, and submit a new contributor token allocation plan aligned with performance to the DAO. The CEO’s responsibilities include setting GMX Labs’ strategic direction, building a leadership team, strengthening partnerships, and representing GMX Labs at industry events.

Regarding compensation, the CEO will receive an annual base salary of $150,000 to $200,000 paid in stablecoins. Performance incentives will be paid in GMX tokens, directly linked to protocol fee growth, with the current annualized protocol fee baseline around $60 million. A 50% fee increase can earn partial rewards; a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX tokens; a 125% increase to about $135 million will additionally earn 10,000 GMX tokens as a special reward. The GMX tokens awarded will be adjusted based on the 30-day average price, ranging from 0.5 to 1.5 times. The annual token compensation cap is 75,000 GMX. Performance bonuses will be 25% unlocked immediately upon achievement, with the remaining 75% linearly vested over 24 months. Early resignation will forfeit any unvested tokens.

During the transition period, a temporary leadership committee composed of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the current roadmap, and leading the CEO search.