GX Improvement Proposals (GIPs)
Overview
GX Improvement Proposals (GIPs) are the formal mechanism for proposing, discussing, and implementing changes to the GX Exchange protocol. GIPs cover new features, parameter changes, market listings, and protocol upgrades.
Any staked GX holder with at least 100,000 GX can submit a GIP for on-chain governance vote.
GIP Lifecycle
| Stage | Duration | Description |
|---|---|---|
| Draft | Open | Author drafts the proposal with specification and rationale |
| Discussion | 2 days | Community debate on the GX governance forum |
| Voting | 5 days | On-chain vote by staked GX holders (Yes / No / Abstain) |
| Timelock | 24 hours | Approved proposals enter timelock before execution |
| Executed | — | Proposal executes on-chain automatically |
Voting Parameters
| Parameter | Value |
|---|---|
| Eligible Voters | Staked GX holders only |
| Voting Power | 1 staked GX = 1 vote |
| Quorum | 10% of total staked supply must participate |
| Pass Threshold | >50% of votes cast (excluding Abstain) |
| Proposal Threshold | 100,000 GX staked minimum to submit |
GIP Categories
- Core — Changes to the matching engine, consensus, or settlement logic
- Market — New perpetual market listings, margin parameter adjustments
- Fee — Trading fee structure changes, fee distribution modifications
- Treasury — Protocol treasury spending proposals
- Meta — Changes to the GIP process itself
Active GIPs
| GIP | Title | Status |
|---|---|---|
| GIP-1 | Native Token Standard | Draft |
| GIP-2 | Auto-Liquidity Engine | Draft |
| GIP-3 | Permissionless Perpetuals | Draft |
Related
- Frontend Safety Checks — Client-side validation for GIP-related features