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BTC $78,676.70 +1.47%
ETH $2,465.36 +1.26%
BNB $695.19 +0.90%
XRP $1.40 +1.14%
SOL $105.48 +1.98%
TRX $0.3405 +0.58%
DOGE $0.0852 +0.64%
ADA $0.2028 +1.43%
BCH $249.30 +2.16%
LINK $11.44 +1.17%
HYPE $83.32 +2.79%
AAVE $126.35 +3.76%
SUI $0.7450 +1.28%
XLM $0.1806 +1.90%
ZEC $848.87 +4.93%

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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