BTC $63,070.30 +0.38%
ETH $1,882.36 +0.23%
BNB $608.53 +0.39%
XRP $1.00 +1.09%
SOL $75.47 +0.47%
TRX $0.3310 -0.44%
DOGE $0.0698 -0.03%
ADA $0.1771 -1.06%
BCH $203.51 -0.14%
LINK $9.52 +6.29%
HYPE $56.82 +0.76%
AAVE $86.38 +1.00%
SUI $0.6788 +0.18%
XLM $0.1583 +0.93%
ZEC $487.76 -0.49%
BTC $63,070.30 +0.38%
ETH $1,882.36 +0.23%
BNB $608.53 +0.39%
XRP $1.00 +1.09%
SOL $75.47 +0.47%
TRX $0.3310 -0.44%
DOGE $0.0698 -0.03%
ADA $0.1771 -1.06%
BCH $203.51 -0.14%
LINK $9.52 +6.29%
HYPE $56.82 +0.76%
AAVE $86.38 +1.00%
SUI $0.6788 +0.18%
XLM $0.1583 +0.93%
ZEC $487.76 -0.49%

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)

app_icon
ChainCatcher Building the Web3 world with innovations.