MFIP-4: Strengthening $MST Through Fee Allocation & Burns

Summary

Meridian Finance proposes MFIP-4, a strategic initiative to increase buy pressure and long-term value for the protocol’s core token, $MST. This will be achieved by allocating a share of fees generated from Meridian Lend and TelosPump towards systematic buybacks and burns of $MST.

Key actions:

• 🔥 10% of fees from Meridian Lend (Telos) will be directed to buy back and burn $MST. (The remaining 90% continues to reward stakers.)
• 🔥 10% of fees from TelosPump will also be allocated to buy back and burn $MST. Please note that this Snapshot has a default 72-hour voting window.

Rationale

Meridian Finance continues to grow as a hub for innovative DeFi products and community-driven value creation. With Meridian Lend and TelosPump gaining traction, it is essential to ensure that the ecosystem’s growth directly translates into stronger fundamentals for $MST.

• Deflationary Mechanism: By consistently burning $MST from protocol fees, we introduce sustainable deflationary pressure, directly benefiting long-term holders.
• Ecosystem Synergy: Linking revenue streams from both Lend and TelosPump to $MST creates stronger alignment across products.
• Market Confidence: Clear buy-and-burn mechanisms strengthen market confidence, demonstrating that protocol activity translates into value accrual for token holders.
• Strategic Preparation: With several key initiatives and collaborations on the horizon, this proposal ensures $MST is positioned as the central value driver of Meridian’s ecosystem.

In short, MFIP-4 is designed to make $MST scarcer, more valuable, and more central to all Meridian activity.

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Voting Yes

Voting YES means you support:

• Allocating 10% of Meridian Lend fees to buy back and burn $MST.
• Allocating 10% of TelosPump fees to buy back and burn $MST.
• Strengthening $MST as the backbone of the ecosystem through sustained deflationary pressure.
• Building anticipation and confidence ahead of upcoming ecosystem launches.

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Voting No

Voting NO means you prefer to:

• Keep the current fee distribution (Meridian Lend: 100% to stakers, TelosPump: no fee allocation to burns).
• Delay introducing additional deflationary mechanisms for $MST.
• Reassess alternative token value strategies in the future.

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⚡️ With this step, Meridian affiliates and contributors continue making strong strides in attracting top-tier projects and applicants to the ecosystem. The greater the anticipation and preparation, the greater the results! 🌐