[MLP/E3/S] Social Milestone for MLP Epoch 3

Author[s]: Mendi Core Team

Title: Social Milestone for MLP’s Epoch 3

Type: Mendi Loyalty Point / Epoch 3 / Social Milestone Determination

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Overview

This proposal presents two potential social milestones for Epoch 3, for the updated Mendi Loyalty Points (MLP) system. Voting on the milestones will guide how we incentivize growth within the Mendi community and engage our members meaningfully with our social activities. The social milestone that receives the most votes will be active for the duration of Epoch 3.

If the milestone is achieved, MLP (and potentially staked MENDI rewards) will be distributed to contributors who participated. Rewards are distributed evenly across 3 channels; 33% for $MENDI Stakers, 33% for Borrowers and 33% for Task-achievers (task-achiever rewards are split in two parts: on-chain (16.65%) and social (16.65%).

Task achievers must have at least 300 $MENDI staked to be eligible for rewards. Minimum threshold for reward distribution is 1 MLP and 50 sMENDI.

More details on updated MLP system and reward distribution:

https://mirror.xyz/0x4Da818DD3aAfb9D042a76B5037cdBa61533C7692/FzBSv3rT6ixDLolcHc7IOCcQUG9dHEBYFFbYa4A1Cfw

Options

Option 1 - Reach a minimum viewer count of 300 on the live stream

• Goal: Achieve 300 peak viewership on the reveal livestream on X, December 17th
• Measurement: Viewership will be counted 24 hours after livestream ends
• Reward Structure: Rewards will be distributed to users who engage with the livestream, verified on Intract.

Option 2 - Reach 20k impressions on selected X post

• Goal: Achieve 20,000 impressions on a designated Mendi X post specified on Intract.
• Measurement: Number of impression will be counted based on X at the end of the Epoch.
• Reward Structure: Rewards will be distributed to users who verified any interaction with the post specified on Intract.

Key Considerations

Voting on this proposal allows the community to shape which social milestone we pursue for this epoch. Reaching the milestone will unlock rewards for participants and fostering a vibrant social reach around Mendi.

Timeline

• Vote to determine milestones: Dec 13 - Dec 15
• Epoch 3: Dec 16 - Dec 30