GMX to Vote for Fee Splits Plan for GMX v2

GMX, the decentralized exchange protocol, is now voting to establish fee splits for its upcoming V2 version. Voting will end on 19 July.

Two options were presented. Option One proposes that 10% of protocol fees be allocated to the GMX Treasury, with a sub-allocation going towards funding Chainlink oracles. The remaining fees would be distributed between liquidity providers and GMX stakers.

• 10% distributed to the GMX Treasury
• 63% distributed to liquidity providers in each specific liquidity pool
• 27% distributed to a pool that goes to GMX stakers across all chains
• Chainlink oracles will be funded by a sub-allocation of the 10% GMX Treasury allocation

Option Two suggests maintaining the existing fee distribution model from GMX V1, with a slight reduction of the distribution pool for GMX stakers to allocate towards Chainlink oracles.

• 70% distributed to liquidity providers in each specific liquidity pool
• 30% distributed to a pool that goes to GMX stakers across all chains (distribution pool for GMX stakers would be reduced by 1.2% of protocolFee towards Chainlink oracles for effective distribution of 28.8%)

Related: GMX Proposed Allocate 1.2% of All Fees Revenue to Chainlink for its new Oracle Services

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