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BTC $62,581.81 -0.39%
ETH $1,786.32 +0.25%
BNB $570.16 +0.25%
XRP $1.06 -0.79%
SOL $75.06 -1.27%
TRX $0.3246 -1.68%
DOGE $0.0719 -0.22%
ADA $0.1576 -0.94%
BCH $233.53 -1.04%
LINK $7.93 +0.02%
HYPE $63.16 -5.15%
AAVE $96.10 +1.42%
SUI $0.7245 -0.67%
XLM $0.1786 -2.52%
ZEC $505.70 -2.48%

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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