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Meridian FoundationMeridian Foundationby0x2d795D578E83F8E8954b83E533DB359af4f21478meridian-foundation.eth

MFIP-1: Nominating Meridian Ventures as Meridian Finance's Guardian

Voting ended over 1 year agoSucceeded

Summary Please note that this Snapshot has a default 72-hour voting window.

MFIP-1's Snapshot proposes the following main points:

Meridian has experienced significant growth over the past year, achieving major milestones that have benefited Meridian Finance’s user hub. This progress is due to the dedicated efforts of the team at Meridian Ventures LTC, a registered development company that also founded the Meridian Finance protocol.

To ensure that the Meridian Finance protocol evolves towards greater decentralization, in line with the motivations of the crypto space and ongoing regulatory procedures, a governance channel has been launched. The first snapshot vote in this channel will determine whether Meridian Ventures should continue their role in expanding Meridian Finance.

Rationale Meridian is poised for greatness, and we aim to preserve the value of MST holders by involving them in shaping its future. Therefore, MST holders will have a say in Meridian's important decisions.

Following two main principles, we have decided to initiate a vote to determine whether Meridian Ventures LTD should continue as the developers of the Meridian Finance protocol:

  1. Decentralization Standard: We believe that decentralization has become a crucial standard for robust DeFi platforms in the crypto space. It empowers users to participate in key decision-making processes.
  2. Regulatory Environment: With existing and upcoming regulations, such as MiCA, aligning Meridian with these rules is essential. MST itself had a fair token launch, reinforcing our commitment to regulatory compliance.

Voting Yes - Meridian ventures will continue to manage the development and expansion of the protocol.

Voting No - once a suitable replacement has been agreed through further votes, Meridian ventures will cease to manage and develop the Meridian Finance protocol

More Details at Meridian’s 1-year anniversary letter: https://medium.com/@meridianFinance/meridian-1st-anniversary-meridian-ventures-yearly-letter-future-roadmap-13988bf7ebbc

Off-Chain Vote

Yes
23.74K MST100%
No
0 MST0%
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Timeline

Aug 15, 2024Proposal created
Aug 15, 2024Proposal vote started
Aug 18, 2024Proposal vote ended
Sep 22, 2025Proposal updated