TechFlow news: GMX recently initiated a vote on the GMX v2 fee distribution proposal. The proposal offers two main options.
Option 1 allocates 10% of protocol fees received by GMX stakers and liquidity providers to the GMX treasury. This means that 10% of adjusted protocol fees will go to the GMX treasury, 63% will be distributed to liquidity providers, and 27% to GMX stakers. Additionally, Chainlink oracle fees will be paid by the GMX treasury and account for 10% of protocol fees.
Option 2 maintains the current 7:3 protocol fee distribution ratio between liquidity providers and stakers. Under this option, Chainlink oracle fees are covered by GMX stakers and represent approximately 1.2% of protocol fees.
Currently, Option 1 has a 98% support rate in voting. The vote will conclude on July 19 at 8:00 AM.
