GMX community proposes to bring GMX V2 to Solana to launch GMSOL project

On May 10th, the community of decentralized derivatives protocol GMX initiated a proposal to bring GMX V2 to Solana to launch the GMSOL project. According to the proposal, in close communication with core GMX contributors and guided by community feedback, the relevant project teams completed the construction of the GMSOL basic framework. To ensure the highest standards of security and reliability, GMSOL will go through multiple rounds of review before being officially deployed on the Solana network.
According to the proposal description, GMSOL will operate as an independent project while maintaining a close relationship with GMX. All value measurement and storage will be exclusively using GMX tokens. GMX will implement a repurchase mechanism. A large part of the fee will be used to repurchase GMX, thus establishing the GMSOL Treasury. The GMSOL Treasury will be supervised by the GMX DAO. GMSOL points will be introduced, and GMSOL points will be pre-cast or pre-sold. The specific rules of GMSOL points will be announced before the official launch of GMSOL. The GMSOL Vault will provide value support for GMSOL points. GMSOL does not require any venture capital funds, and all initial technology development and operating costs are borne by the project team itself.
The proposal would require the GMX DAO to cover the potential audit costs of GMSOL and grant licenses to copy, use, and front-end code.