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BTC $77,598.07 -2.64%
ETH $2,438.03 -2.11%
BNB $689.68 -2.84%
XRP $1.38 -3.29%
SOL $103.63 -3.02%
TRX $0.3403 +0.46%
DOGE $0.0850 -2.97%
ADA $0.2009 -4.35%
BCH $246.80 -6.78%
LINK $11.36 -3.23%
HYPE $81.55 -1.82%
AAVE $120.75 -4.00%
SUI $0.7392 -2.83%
XLM $0.1778 -3.42%
ZEC $797.18 +1.32%

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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