Should we switch liquidity mining from MFI-USDC to MFI-ETH

Voting ended almost 5 years agoSucceeded

Since we started the liquidity provision incentive program, our liquidity providers for the MFI-USDC pairing have suffered from severe IL because MFI has experienced almost a 200% increase while USDC has remained stable (stable coin). Several of the liquidity providers pulled out for this very reason and most would rather provide liquidity for MFI-ETH, cos like MFI, ETH has the potential to increase in price <IL.

So should we switch liquidity mining from MFI-USDC to MFI-ETH?

Off-Chain Vote

YES switch

212.13K 100%

No don't

0 0%

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Timeline

Apr 12, 2021Proposal created

Apr 12, 2021Proposal vote started

Apr 14, 2021Proposal vote ended

Oct 26, 2023Proposal updated