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BTC $62,986.84 -0.72%
ETH $1,879.24 -0.05%
BNB $605.89 -0.29%
XRP $1.00 +0.29%
SOL $75.58 -0.11%
TRX $0.3318 -0.68%
DOGE $0.0698 +0.18%
ADA $0.1799 -0.99%
BCH $201.63 -2.25%
LINK $8.83 +1.32%
HYPE $55.71 -3.58%
AAVE $86.24 -1.13%
SUI $0.6793 -0.71%
XLM $0.1600 +0.40%
ZEC $488.08 +0.24%

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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