Split Capital proposes “BLUR Fee Conversion and veBLUR Token Economics”_Amazon Finance

Split Capital proposes “BLUR Fee Conversion and veBLUR Token Economics”

2024-11-12 09:36:31 Primitive Reading

　On November 12th, Split Capital proposed the "BLUR Fee Conversion and veBLUR Token Economics" plan at the Blur Governance Forum. The proposal aims to add a framework to increase protocol fees and redirect the fees back into the locked-in BLUR (veBLUR) tokens. Currently, the Blur NFT market protocol has been implementing a 0% market fee while enforcing a 0.5% creator royalty. The proposal suggests eliminating the mandatory creator royalty and adding a 0.5% protocol fee to each transaction. It also recommends establishing a fee committee that can change the protocol fee rate for fast adjustments based on market conditions and competitive landscape.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

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