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Maia DAOMaia DAOby0x88E07a0457aA113AB910103d9a01217315DA1C98maiadao.eth

[MIP-3] V1 APY and Supply CAP

Voting ended over 3 years agoSucceeded

Summary

We now must decide as a community what are our next steps towards shifting to our V2 ecosystem. We have discussed different options on how Maia's supply and incentives can be managed and now must vote on which is the best path moving forward.

Options

Option 1

Keep apy at 100% until V2 launch. Pros:

  • Keep high incentives to stake Maia.

Cons:

  • Potentially reaching +200k Total Supply at V2 launch.

Option 2

Drastically decrease apy until ~20% until V2 launch. Pros:

  • Keep some incentives to stake Maia.
  • Would take 1 Months to reach +180k Total Supply and 3 Months to get to +185K, even if V2 launch is delayed we would be well under 190k Total Supply.

Cons:

  • Incentives to stake are low.

Option 3

Set APY to 0 when reaching 180k Total Supply. Pros:

  • Maia would stay at 180k Total Supply.

Cons:

  • There are no incentives to stake until V2.

Option 4

Set APY to 0 when reaching 180k Total Supply and turn on dividends. Pros:

  • Maia would stay at 180k Total Supply.
  • Providing "Real yield" will attract new and more risk averse investors.
  • Keep incentives to stake Maia until V2.

Cons:

  • Could end up costing 5% of our non-ecosystem tokens treasury.

Off-Chain Vote

Keep APY at 100%
1.03K sMAIA5.3%
Decrease APY until ~20%
249.82 sMAIA1.3%
Set APY to 0
757.05 sMAIA3.9%
Set APY to 0 & turn on dividends
17.23K sMAIA89.4%
In need of further discussion
0 sMAIA0%
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Discussion

Maia DAO[MIP-3] V1 APY and Supply CAP

Timeline

Aug 22, 2022Proposal created
Aug 22, 2022Proposal vote started
Aug 25, 2022Proposal vote ended
Aug 11, 2025Proposal updated