cryptograntwire

1/ GMX to Hold Snapshot Vote on Distribution Method for Recovered Funds to GLP Holders After V1 Vulnerability

We uncover what is happening across web3 👀

2/ This is about deciding how to distribute recovered funds and a $2.0 million DAO treasury contribution to GLP holders affected by the Arbitrum GMX V1 vulnerability, with a Snapshot vote on July 24th to choose between distribution in GLV (with extra rewards for holding) or stablecoins.

3/ The community generally supports a swift resolution and DAO contribution, but is split between the two distribution methods.