Convex Finance: Proposal to Increase FXS Protocol Treasury Fees from 17% to 20% Opens for Voting

CoinVoice · 2023-09-15T11:33:02.000Z

CoinVoice recently learned that on September 15, according to the latest official information, the proposal initiated by the Convex Finance community to "increase the FXS Protocol treasury fee from 17% to 20%" has started voting. The voting ends at 11:05 on September 19. , currently over 99% voted in favor of adjusting the fee structure. In addition, the proposal also proposes reducing the vlCVX share from 7% to 5%; the remaining 5% of the boost fee going to Treasury; and adding a 5% fee to Treasury on top of veFXS fee income. [original link]

CoinVoice has recently learned that on September 15, according to the latest official information, the proposal initiated by the Convex Finance community to "increase the FXS Protocol treasury fee from 17% to 20%" has been opened for voting. The voting ended at 11:05 on September 19, and currently more than 99% of the votes support adjusting the fee structure.
In addition, the proposal proposes to reduce the vlCVX share from 7% to 5%; the remaining 5% boost fee belongs to the Treasury; and add a 5% fee to the Treasury on top of the veFXS fee income. [Original link]