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Odaily Planet News announced that GMX has two important governance proposals on Snapshot. These votes involve updating the maximum leverage parameters on GMX and establishing a GMX token pool and market on GMX V2. The governance vote to establish a GMX token pool and market on GMX V2 is to determine the potential listing of GMX tokens in the market. The Oracle feeds for GMX tokens have been tested and will be deployed on Avalanche in June 2024. Voting options include creating different GMX markets, such as the GMX-USDC market or the GMX-GMX market.

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