【Split Capital proposes the 'BLUR Fee Conversion and veBLUR Token Economics' proposal】On November 12, news emerged that Split Capital proposed the 'BLUR Fee Conversion and veBLUR Token Economics' proposal in the Blur governance forum. The proposal aims to add a framework for increasing protocol fees and redirecting those fees back into the voting-locked 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 enforced creator royalty and adding a 0.5% protocol fee to each transaction. It also recommends the establishment of a fee committee that can change the protocol fee rate to allow for quick adjustments based on market conditions and competition landscape. Split Capital suggests changing the BLUR token economics to use two tokens, BLUR and veBLUR, to manage Blur's utility and governance, similar to Aerodrome. It proposes to add 1% of the total supply (30 million BLUR) as rewards to the current 4th quarter, with these rewards being distributed to Blur users at the end of the season based on their total points. veBLUR is used for governance, and BLUR holders will be able to vote to escrow their tokens and exchange for veBLUR. Other tokens can be added to the veBLUR NFT at any time, with a lock-up period (also known as the voting escrow period) of up to 4 years, where the longer the vesting time, the higher the voting power of the underlying locked balance.