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Mummy FinanceMummy Financeby0x30B12942912Cee5A719edec2dD147224fCC373A0mmyvote.eth

Equalizer Rewards usage

Voting ended about 3 years agoSucceeded

BACKGROUND
10% of the total fees generated will be used to buy back and add liquidity for MMY/FTM on Equalizer exchange for users to trade. In addition, this liquidity pool is also on the bribes list of Equalizer to get voted by $veEQUAL every week to get $EQUAL emission. There are 3 types of rewards for the MMY/FTM pool:

  • EQUAL emission: reserved for the Mummy team for providing LP
  • Fees: Generated each time a trade is completed and distributed back to gauge voters
  • Bribes: an additional opportunity for anyone holding $veEQUAL for details of Equalizer gauge voting and bribes, please read here https://equalizer0x.gitbook.io/equalizer-exchange-docs/guides/gauge-voting-and-bribes

Every epoch, there are rewards in those three categories for MMY/FTM LP, and with more liquidity added, more rewards come. At the time of this proposal, 152 $EQUAL has been rewarded for the LP pool.

Let users decide what the Mummy team should do with the rewards for the long-term benefits of both project and the community.

Choose one of the following options to vote on:

1/ Sell EQUAL to add and compound MMY/FTM LP 2/ Lock for veEQUAL and vote for MMY/FTM LP. The bribes/fees generated will be used to compound the LP 3/ Distribute EQUAL rewards to MMY, esMMY, and MLP stakes on Earn page 4/ Sell EQUAL for FTM and distribute FTM to MMY, esMMY, and MLP stakers every epoch

Off-Chain Vote

1
15.45K MMY1.6%
2
645.11K MMY67.6%
3
26.17K MMY2.7%
4
267.21K MMY28%
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Timeline

Jan 27, 2023Proposal created
Jan 27, 2023Proposal vote started
Jan 31, 2023Proposal vote ended
Oct 26, 2023Proposal updated