[MLP/E1/S] Social Milestone for MLP’s Epoch 1

Author[s]: Mendi Core Team

Title: On-Chain Milestone for MLP’s Epoch 1

Type: Mendi Loyalty Point / Epoch 1 / Social Milestone Determination

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Overview

This proposal presents two potential social milestones for Epoch 1, for the newly 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 socail activities. The social milestone that receives the most votes will be active for the duration of Epoch 1.

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%).

More details on updated MLP system and reward distribution: https://mirror.xyz/0x4Da818DD3aAfb9D042a76B5037cdBa61533C7692/FzBSv3rT6ixDLolcHc7IOCcQUG9dHEBYFFbYa4A1Cfw

Options

Option 1 - Reach 50 Reposts for a selected Mendi X post:

• Goal: Achieve 50 reposts on a designated Mendi X post specified on Intract.
• Measurement: Number of reposts will counted based on X at the end of the Epoch.
• Reward Structure: Rewards will be distributed to users who verified their repost on Intract

Option 2 - Reach 300 Likes for a selected Mendi X post:

• Goal: Reach 300 likes on a designated Mendi X post specified on Intract.
• Measurement: Number of likes will counted based on X.
• Reward Structure: MLP will be distributed to users who verify their like 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: Nov 6th - Nov 8th
• Epoch 1: Nov 8th - Nov 22nd