MIP #54 - Decision on Allocating 5% of Voting Market Incentives to Cakepie Treasury

Abstract

This proposal seeks input from vlMGP holders on whether Magpie should support Cakepie’s CIP #8, which proposes allocating 5% of Cakepie’s voting market incentives to the Cakepie Treasury. The aim is to help Cakepie establish a treasury reserve to fund future operational needs, promote platform stability, and support sustained development.

Motivation

Engaging vlMGP holders in strategic decisions that impact our SubDAOs is essential to maintaining Magpie’s commitment to its stakeholders. Supporting this proposal offers an opportunity to contribute to Cakepie’s financial resilience by creating a sustainable funding reserve that enhances its adaptability and growth potential. By helping to secure Cakepie’s treasury, Magpie can contribute to a more robust DeFi ecosystem, aligning with our overarching goals of stability and long-term value creation. This proposal will allow our community to determine the stance Magpie should take in response to CIP #8, reflecting the interests and priorities of vlMGP holders.

Specification

Vote on whether Magpie should support Cakepie’s proposal to allocate 5% of Cakepie’s voting market incentives to Cakepie Treasury for sustainable development as proposed in CIP #8.