MIP #13 - Vote “Yes” to list the rBNB/BNB Pool on Wombat’s Voting Gauge

Vote “Yes” to list the rBNB/BNB Pool on Wombat’s Voting Gauge.

Abstract

With the upcoming launch of the rBNB/BNB pool on Wombat Exchange (BSC), StaFi’s next move involves listing the rBNB/BNB pool on Wombat’s voting gauge. This new listing will allow rBNB/BNB liquidity providers to earn a portion of the daily WOM emissions from the platform. This proposal suggests supporting the listing of the rBNB/BNB Pool on Wombat’s voting gauge by voting in favor using Magpie’s veWOM holdings.

Motivation

The addition of the rBNB/BNB pool to Wombat’s voting gauge promotes the growth of the liquid staking ecosystem on BNB Chain while supporting the sustained development of Wombat Exchange. By offering boosted liquidity pools for Wombat users, Magpie can potentially benefit from a rise in TVL as users can provide liquidity via Magpie to optimize their WOM rewards through our platform. Also, vlMGP holders will have the option to vote for the rBNB/BNB pool and earn incentives through the Magpie bribery market.

Specification

Use Magpie’s veWOM holdings to support the listing of the rBNB/BNB Pool on Wombat’s voting gauge.