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%