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Arca Initiated a Proposal to Discuss the Blur Fee Switch, Which Is Intended to Be Used to Repurchase and Destroy BLUR

On October 13th, investment firm Arca initiated a proposal to discuss the Blur transaction fee switch, which would add a basic trading fee of 1% to the Blur market protocol. The proposal suggests using these fees for daily systematic repurchases and destruction of BLUR. Additionally, Arca proposed a tiered fee structure to provide fee discounts for users holding BLUR.

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