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Drift Protocol's DIP-8: Revamping Fee Distribution to Boost Liquidity for Meme Traders

Drift Protocol's DIP-8: Revamping Fee Distribution to Boost Liquidity for Meme Traders

In the fast-paced world of Solana's DeFi scene, where meme tokens like BONK and WIF often steal the spotlight with wild price swings, staying on top of governance matters can make all the difference. A recent public service announcement from Takisoul (@Milimalism on X), a key figure in Solana's DAO ecosystem, reminds us of just that. Amid the buzz of events like TOKEN2049, hacker houses, and gatherings at Island DAO, it's easy to get distracted. But Takisoul's tweet urges the community to keep voting on DAO proposals, highlighting the ongoing vote on Drift Protocol's DIP-8 as a prime example.

Screenshot of DIP-8 voting results on Drift Protocol

What's Drift Protocol All About?

For those new to the space, Drift Protocol is a leading decentralized exchange (DEX) on Solana specializing in perpetual futures trading. Think of it as a platform where you can trade contracts on assets

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