[MIP #91] - Support Optimize mLISTA Revenue Allocation, Treasury Authority, and vlLTP Governance Parameters

Abstract

vlMGP holders are deciding whether Magpie should support Listapie’s governance proposal [LIP #06]. The proposal adjusts the veLISTA revenue structure to allocate 50% directly to mLISTA holders and 50% to repurchase mLISTA from the market and deposit it into the Listapie treasury. It also authorizes treasury actions, establishes team fee parameters, and updates vlLTP governance settings.

Motivation

Magpie holds governance power in the Listapie ecosystem and must consult vlMGP holders to determine how Magpie should vote on [LIP #06]. The external proposal’s stated intent is to optimize revenue distribution and governance by supporting long-term mLISTA peg stability through buybacks, strengthening treasury growth and resilience, improving user liquidity via unlock changes, and formalizing a predictable treasury-driven model for LTP and team fee standards.

Specification

vlMGP holders are voting on whether Magpie should support [LIP #06]. If approved, Magpie votes Support/For; if not approved, Magpie votes Do not support/Against.

The vote covers the following external parameters:

• veLISTA revenue split (50% to mLISTA holders, 50% to mLISTA buybacks deposited to treasury)
• team fees (0.042% monthly management fee on veLISTA market value and 5% performance fee on veLISTA revenue, paid monthly by treasury)
• treasury authorization for buybacks and liquidity (mLISTA and LTP)
• mLISTA staking revenue allocation (80% to vlLTP, 20% to LTP buybacks or liquidity)
• vlLTP governance updates (change unlock period from 60 days to 30 days, early unlock penalty set to 50% returned to treasury).