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GoldfinchGoldfinchby0x6d8b09Ebcd47489c77F50599C30c6726E38AFF6A0x6d8b…FF6A

GIP-73: Should "Reduce protocol fees allocated to membership vaults from 50% to 10%" proposal be approved?

Voting ended over 1 year agoSucceeded

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%

Off-Chain Vote

YES
29.78K GFI11.8%
NO
222.05K GFI88.2%
Quorum:101%
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Discussion

GoldfinchGIP-73: Should "Reduce protocol fees allocated to membership vaults from 50% to 10%" proposal be approved?

Timeline

Oct 15, 2024Proposal created
Oct 15, 2024Proposal vote started
Oct 18, 2024Proposal vote ended
Oct 19, 2024Proposal updated