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GoldfinchGoldfinchby0x501B06e19675Eb0107ad13e7d3379c3389222f200x501B…2f20

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

Voting ended over 1 year agoFailed

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
1.23K GFI45.7%
NO
1.46K GFI54.3%
Quorum:1%
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Discussion

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

Timeline

Sep 24, 2024Proposal created
Sep 24, 2024Proposal vote started
Sep 27, 2024Proposal vote ended
Sep 27, 2024Proposal updated