Abstract

This proposal seeks to gather votes from vlMGP holders on whether Magpie should support the position Listapie should take on its proposal regarding LISTA DAO’s deflationary plan.

The proposal from LISTA DAO involves burning 200M LISTA, reducing the maximum supply from 1B to 800M, and replacing the fixed allocation of 40% of revenue for permanent freezes with a flexible model. Under this new approach, the allocation could be split between rewards for veLISTA holders and DAO operational funding. The remaining 60% of revenue allocation would stay the same.

Motivation

Approving support for this change would permanently remove excess locked tokens not needed for operational purposes, reducing long-term inflation risk and better aligning total supply with protocol growth. Shifting from a fixed to a flexible 40% allocation would give the DAO greater freedom to fund rewards, partnerships, ecosystem incentives, and infrastructure, while continuing to reward veLISTA holders.

Check the LIP-04 for more details.

Specification

Vote on Magpie position about the LISTA DAO deflationary initiative:

• YES – Support the 200M LISTA burn and change to a flexible 40% revenue allocation model.

• NO – Maintain the current LISTA supply cap and revenue allocation structure.