# GMX burn to esGMX; esGMX max MP

**URL:** https://gov.gmx.io/t/gmx-burn-to-esgmx-esgmx-max-mp/85
**Category:** Proposals
**Created:** [January 20, 2022, 5:40pm UTC](https://gov.gmx.io/t/gmx-burn-to-esgmx-esgmx-max-mp/85 "2022-01-20T17:40:10Z")
**Posts on this page:** 1
**Showing post:** 2

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### Author: ![xdev\_10](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/xdev_10/32/196_2.png) [@xdev\_10](https://gov.gmx.io/u/xdev_10)
#### Post date: [January 24, 2022, 11:53am UTC](https://gov.gmx.io/t/gmx-burn-to-esgmx-esgmx-max-mp/85/2 "2022-01-24T11:53:56Z")

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Hi,

1. We do have quite a bit of GMX received as fees from the 1% trading fee on Uniswap, agree that we can use that to lengthen the duration of esGMX rewards. For raising the fee, Uniswap currently only allows configurations of 0.05%, 0.3% or 1%, so we cannot change that, also I think having a more than 1% fee might discourage some buying and some volume

2. That is possible, I also think allowing a conversion of esGMX to GMX at a 10:1 ratio as mentioned in [Adding ESGMX Liquidity](https://gov.gmx.io/t/adding-esgmx-liquidity/69) could help here, short term holders who are not vesting will likely unstake and burn the MPs to do the conversion

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