MP-4 – Choice of LP pairing asset(s) in staking v2 module

Which LP asset(s) should $MC be paired to for the main LP staking pool that receives part of the DAOs staking rewards?

Relevant information follows below

This is the fourth official poll for the staking v2 discussion. See more info on the staking v2 discussions and the first three poll results here:

Staking v2 discussions: https://gov.meritcircle.io/t/discussion-staking-v2/401

MP-1: https://vote.meritcircle.io/#/proposal/0xbd4b35e7ef4fa6aa3d354084a6c6cde2db9f4f029554169357faf3690c3bdef4

MP-2: https://vote.meritcircle.io/#/proposal/0x64a669acccf77471e8aee82ecbfdda431d4b487ca01e66b2cc4c1764b5ef97d0

MP-3: https://vote.meritcircle.io/#/proposal/QmYVB6JAudqLR8sMZWiRZENWxY3Jm3ewJjWhPkyhAjoTHg

In MP-1 the poll concerned the same question as in this MP-4, i.e. which LP asset(s) should $MC be paired to for the main LP staking pool under staking v2. At the time of voting on MP-1, the majority voted in favor of a MC/USDC pairing. Since that vote took place, a lot has occurred in the crypto space and the various DAO members have been discussing whether the DAO should conduct a new poll on the same matter. As a result, the MC DAO is now holding a new poll on the LP pairing through this MP-4. The result under MP-4 will replace the result in MP-1 and form input to the MIP draft that will follow.

Currently, the DAO’s staking scheme has a MC/ETH 50/50 Uniswap v2 pool, alongside single sided $MC staking. The old pool will be phased out as previously described in the staking v2 discussions - more elaborative information on the details regarding this will be provided in the MIP concerning adoption of a staking v2 model.

Subject to the final MIP vote, the new LP pool should accrue the majority of the rewards the protocol will attribute to stakers (currently 80% v. 20% on the single sided staking under staking v1).

We would also like to remind everyone that the majority under MP-2 voted in favor of stakers being able to lock their assets for up to 48 months. Under MP-3 the majority voted in favor of having LP staking in the Uniswap v2 platform. We encourage everyone to review the discussions on staking v2 and the outcome of the previous polls.

Note that the outcome of a MP vote will not have direct or permanent implications; they will only form input to the MIP drafts (see the more detailed explanation on the difference between MIPs and MPs above).