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XLM $0.1923 +3.41%
ZEC $1,181.64 -0.34%
BTC $79,365.13 -0.55%
ETH $2,499.61 +0.25%
BNB $745.94 -0.75%
XRP $1.40 -0.84%
SOL $105.10 -1.36%
TRX $0.3353 +0.11%
DOGE $0.0908 +1.40%
ADA $0.2221 +1.48%
BCH $261.00 +1.02%
LINK $13.18 +7.35%
HYPE $87.82 -1.48%
AAVE $133.15 -1.52%
SUI $0.8269 +3.87%
XLM $0.1923 +3.41%
ZEC $1,181.64 -0.34%

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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