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 DAO governance voting 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 no longer sustainable and needs to transition to a clearer and more accountable traditional leadership structure.

The proposal announces the introduction of a CEO through a public recruitment process, with candidates drawn from DeFi, CeFi, traditional finance, and the technology industry. The goal is 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, establishing 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 denominated in GMX tokens and directly linked to the growth of protocol fees, with the current annual protocol fee baseline being approximately $60 million. A 50% increase in fees will yield partial rewards, while a 100% increase to about $120 million will yield the full base reward pool of 40,000 GMX tokens. A 125% increase to about $135 million will additionally grant 10,000 GMX as a special reward. The GMX tokens received 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. Of the performance rewards, 25% 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, an interim leadership committee composed of members X, Coin, B, and Kal will be responsible for maintaining operations, advancing the existing roadmap, and leading the search for the CEO.