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ETH $1,569.35 -6.66%
BNB $575.99 -3.28%
XRP $1.09 -4.00%
SOL $62.57 -5.81%
TRX $0.3195 -2.01%
DOGE $0.0813 -3.87%
ADA $0.1568 -3.68%
BCH $222.74 -2.48%
LINK $7.34 -4.01%
HYPE $59.28 -3.73%
AAVE $61.46 -10.17%
SUI $0.7033 -1.44%
XLM $0.1999 +3.55%
ZEC $365.09 +4.05%

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

2023-07-13 11:51:31
Collection

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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