TechFlow reports on October 13 that investment firm Arca has launched an improvement proposal (BIP) initiating discussions on Blur's fee switch. The proposal suggests adding a 1% base transaction fee to the Blur marketplace protocol and recommends using these fees for systematic daily buybacks and burns of BLUR tokens. Arca also proposed a tiered fee structure offering fee discounts to users who hold BLUR.
Notably, the BLUR token was originally launched in February 2023, and the 180-day lock-up period for governance voting on enabling or disabling the fee switch has now expired.
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