MGP-18┃Move $MIMO liquidity votes incentives distribution from Ethereum to Polygon PoS

Summary: This proposal aims to move $MIMO liquidity votes incentives distribution from Ethereum to Polygon PoS.

Rationale: In light of Paladin's recent cross chain update and our ongoing efforts to enhance efficiency and accessibility, we suggest shifting our $MIMO liquidity votes incentives distribution from Ethereum to Polygon PoS.

This change will enable us (the Parallel DAO) to reduce our transaction costs and should increase voters engagement by reducing the opportunity costs barriers associated with claiming rewards on Ethereum making them more attainable for smaller voters who might have been deterred by the higher fees on Ethereum Mainnet.

For accountability reasons, as what we do on Ethereum, we propose the creation of a new multisig controlled by the Parallel DAO multisig signers on Polygon PoS that will be solely dedicated to receive the $MIMO tokens dedicated to liquidity votes incentives and distribute them via Paladin Quests.

Means:

• Human Resources: DAO Multisig signers will need to implement the proposal
• Treasury Resources: $MIMO inflation dedicated to liquidity votes incentives will be moved from Ethereum to Polygon PoS.

Technical implementation:

Ethereum:

• MimoDistributor contract: Call ‘changePayees’ function with this new payee configuration
  • _address: 0x5Bde160d26937DdFcEA9706D778d6411D5f2a681 (EthereumDistributor) / _shares: 399.6 (3.9960%)
  • _address: 0x741550176fCd0B8a235bF2982ba3ecbE9a25Ab17 (PolygonDistributor) / _shares: 9600.4 (96.0040%)
• EthereumDistributor contract: Call ‘changePayees’ function with this new payee configuration
  • _address: 0x654645FCeFCe0AEbEB4a988544B4e42ED2963331 (votingMiner) / _shares: 10000 (100.00%)
• PolygonDistributor contract: Call ‘changePayees’ function with this new payee configuration
  • _address: 0xF8cDE3E56b72fD0D7bE77604F396A366912e332f (votingMiner) / _shares: 104.17 (1.0417%)
  • _address: [to be deployed] (MIMO Inflation Polygon Multisig) / _shares: 9895.83 (98.9583%)

Voting options:

• For
• Against
• Abstain

Authors: @starny & @JeanBrasse from Mimo Labs