Liquidity provider protocol fee distribution - September

LRC holders will decide which AMM pools are to be incentivized with protocol fees for the month of September.

Three pools will automatically be rewarded: LRC/ETH, LRC/USDC, and LRC/USDT.

This vote will determine which remaining pools will be included. Any pool that receives a minimum of 10% of the vote will be rewarded in the upcoming month’s fee distribution.

You will be able to vote with your LRC balances on Ethereum L1 as well as Loopring L2. For those who hold LRC on both layers, their balance is calculated as the sum of their Loopring + Ethereum LRC.

Protocol rewards will be disbursed with equal weight to each pool that is designated to receive them.

Fees generated by the protocol are distributed to Liquidity providers, the Loopring insurance fund, and the Loopring DAO.
 Fee Distribution:

• 80% towards LPs.
• 10% to the Loopring insurance fund.
• 10% to the Loopring DAO.

About Loopring DAO and Protocol Fees https://medium.loopring.io/introducing-dao-voting-46a210c373bc