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XLM $0.1578 -0.69%
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BTC $63,047.35 +0.20%
ETH $1,882.48 +0.20%
BNB $610.80 +0.81%
XRP $1.00 +0.54%
SOL $75.48 +0.56%
TRX $0.3313 -0.37%
DOGE $0.0698 +0.09%
ADA $0.1779 -1.05%
BCH $203.69 +0.31%
LINK $9.57 +6.74%
HYPE $57.20 +2.67%
AAVE $86.62 +0.56%
SUI $0.6808 +0.35%
XLM $0.1578 -0.69%
ZEC $489.45 -0.62%

The GMX community initiated a vote on the "GMX v2 Fee Distribution" proposal

2023-07-13 11:51:31

ChainCatcher message, GMX has initiated a voting proposal for GMX v2 fee distribution, with two main options: Option One will allocate 10% of the protocol fees earned by GMX stakers and liquidity providers to the GMX treasury, meaning 10% of the adjusted protocol fees will go to the GMX treasury, 63% will be allocated to liquidity providers, and 27% will be allocated to GMX stakers, with the Chainlink oracle fees being paid from the 10% received by the GMX treasury; Option Two will maintain the current 7:3 protocol fee distribution between liquidity providers and stakers, where the Chainlink oracle fees will be paid by GMX stakers, approximately 1.2% of the protocol fees.

Currently, the voting support rate for Option One of the proposal is 98%, and the voting will end on July 19 at 8:00 AM. (source link)

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