MIP-3 Yield Generation on Maple Finance

The proposal outlined here is to be put through the Merit Circle governance process in order for the community to be able to review the proposal and provide feedback where necessary. If the proposal is approved by the DAOs governance process, the implementation of the proposal should follow these steps:

• On Maple Finance, approve USDC to spend.

• Deposit 10,000,000 USDC to the Maven 11 liquidity pool and receive Maple Pool Tokens (MPT), to be eligible for receiving USDC rewards

• Approve MPT to spend.

• Stake MPT in Maple Finance, to be eligible for receiving MPL governance token rewards (do not confuse with staking for the pool cover, staking MPT is purely to receive MPL rewards and it is a technical requirement).

Find the full proposal and discussion here: https://gov.meritcircle.io/t/mip-3-yield-generation-on-maple-finance/92

Are you in favor (Yes) or against (No) MIP-3?