1. Updated Fee Distribution
The split of trading fees between liquidity providers (LPs) and the insurance fund (IF) has been updated based on the snapshot vote results
. Liquidity providers are now receiving 80% of the trading fees and 20% will go to the insurance fund. This is the latest step in our move to the new tokenomics model and brings us closer to the promise of fee sharing for PERP stakers.
2. Monthly Grants Update
In June, the Grants Committee accepted one grant and received 4 new proposals as well as 2 new requests for proposals applicants. The grantee Galleon recently launched their basis trading product for Ethereum as shared above (Basis Yield ETH Index), and will build the same product for other tokens on Perp v2. Read the full report on our blog
3. Community Call #29
As usual, we will host a Community Call the following Wednesday, June 29, to bring you up to speed on the latest and future updates. Join the English Community Call at 1pm UTC live on Youtube