closedEnded a year ago · Snapshot (Offchain)
GIP-73: Should "Reduce protocol fees allocated to membership vaults from 50% to 10%" proposal be approved?
By 0x6d8b...8AFF6AContinue Reading
This GIP proposes reducing the percentage of protocol fees allocated to membership vaults from 50% to 10%.
One of the key reasons to implement membership vaults (per GIP-13) was to incentivize TVL growth. Because TVL growth has stopped, we should reduce membership rewards in order to maximize USDC reserves available for building V3 (per GIPs 68/69/70/71/72).
Membership stats for reference: https://dune.com/sall/membership
YES - You agree to reducing member fee allocation from 50% to 10%. NO - You disagree and vote that the member fee allocation should remain at 50%
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0Votes 12
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2b2B...e82c32 | 244,301 | 100% for NO |
 0x6d8b...8AFF6A | 5,032 | 100% for YES |
 0x4e18...a233Dd | 1,488 | 100% for YES |
 0x0C16...d28a77 | 350 | 100% for YES |
 0xDf83...F1c154 | 309 | 100% for YES |
VOTE POWER
0
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Proposal Status
- Tue October 15 2024, 09:55 pmVoting Period Starts
- Fri October 18 2024, 09:55 pmEnd Voting Period
Current Results
1-NO
222,049.074
2-YES
29,780.471
Quorum 251,829.545/250,000