The following reflects the views of GMX’s Governance Committee, and is based on the combined research, evaluation, consensus, and ideation of various committee members.
This proposition makes concrete sense for the Foundation to ensure it’s economical viability. As duely noted, we’ve noticed traction for Nova has slowly dwindled to historic lows (both through metrics of address usage and transactions), and lifting this fee cap will reduce deficits for the Foundation’s efforts. We also recognise the Foundation’s efforts in effectively communicating to the intended projects and its adherence to existing legal agreements in relation to Nova.
We envision there to be a reduction of interest, making more efforts in establishing Orbit Chains, and Arbitrum One enticing can be beneficial for teams.
Overall we are satisfied with this proposition, and hope the extent of this technical administration leads to future economical initiatives for the Foundation to build atop of.