MIP: Meter Gas Monetization Program

Background

With this proposal on gas monetization, we aim to promote two key metrics of Meter Network adoption – Transaction Volume and User base

The Proposal

The gas monetization incentive program will reimburse a portion of all gas fees incurred on the Meter Network by the dApps smart contracts

Important Considerations

1. Fee reimbursements will be done monthly based on on-chain contract data
2. The DAU and transaction count will be averaged over the previous month to distribute the rewards
3. The metrics will be summed over all the contracts deployed by the dApp
4. All payments will be done in MTRG based on exchange rate (MTR to MTRG) on the date of distribution

Program Eligibility

1. The dApp should be deployed on Meter Network for >1 month.
2. The dev team of the dApp should fill out the Application form to specify all contracts related to the dApp
3. dApps can apply for one of the 2 programs but not both (METER UP TVL Incentive Program or Meter Gas Monetization Program)
4. dApps enjoying benefit of grant for gasless transactions (in future) will not be eligible for the Gas Monetization program