The GMX community proposes to allocate 1.2% of the protocol fee revenue to Chainlink

ChainCatcher message, the decentralized derivatives exchange GMX community has initiated a proposal to allocate 1.2% of fee revenue to Chainlink for the use of its new oracle services.

The main economic parameter of this proposal is to allocate 1.2% of the protocol fees generated by the GMX protocol to Chainlink and the services of the Chainlink network. Protocol fees include fees paid by users, currently proposed to be for opening/closing positions ("margin trading"), borrowing fees, swap fees, and any other fees that the GMX treasury subsequently retains from the protocol.

Compared to existing Chainlink reference sources and other industry oracles, Chainlink's low-latency oracles can provide more granular real-time market data to better support both crypto and non-crypto markets on GMX V2.

The Arbitrum testnet now has a beta version of a low-latency oracle deployed by Chainlink, and testing by core contributors is underway. (source link)