GMX is publicly recruiting a CEO, with a base salary plus token incentives, for a total annual salary of up to approximately $700,000

GMX Labs has released a proposal for an upgrade to its leadership structure, which has been approved by a DAO governance vote with 96.42% in favor. The proposal points out that as the team expands and competition in the perpetual DEX space intensifies, GMX Labs' early flat, founder-driven organizational structure is becoming unsustainable and needs to transition to a clearer and more accountable traditional leadership structure.

The proposal announces that a CEO will be introduced through a public recruitment process, with candidates drawn from the DeFi, CeFi, traditional finance, and technology sectors, aiming to complete the recruitment and onboarding by April 2026, and to complete the organizational restructuring and submit a new contributor token allocation plan aligned with performance to the DAO by June. The CEO's responsibilities include setting the strategic direction for GMX Labs, building a functional leadership team, strengthening partnerships, and representing GMX Labs in industry events.

In terms of compensation, the CEO's base salary will be between $150,000 and $200,000 per year, paid in stablecoins; performance incentives will be valued in GMX tokens and directly linked to protocol fee growth, with the current annual protocol fee baseline at approximately $60 million. A 50% fee increase will yield partial rewards, a 100% increase to about $120 million will yield the full base reward pool of 40,000 GMX, and a 125% increase to about $135 million will earn an additional special reward of 10,000 GMX. The GMX tokens earned will also be adjusted by 0.5 to 1.5 times based on the 30-day average price of GMX, with an annual token compensation cap of 75,000 GMX. 25% of the performance rewards will be unlocked immediately upon meeting targets, while the remaining 75% will vest linearly over 24 months, with unvested portions forfeited upon early departure.

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