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GMX has initiated a community vote on the Arbitrum GLP fund recovery allocation plan, which is scheduled to end on July 28.
Golden Finance reports that GMX has officially launched a community vote on the Snapshot platform for the Arbitrum GLP recovery fund allocation plan. This proposal is based on community feedback and aims to ensure that users can reclaim funds through the allocation of recovered assets and redeem the remaining GLP. The voting is scheduled to end on July 28. GMX has confirmed that all funds of the GLP, which were previously attacked by hackers, have been fully recovered on Arbitrum and are currently held by the DAO awaiting allocation to liquidity providers in the Arbitrum GLP vault. GMX V2 is not affected by this vulnerability.