MIP 24: Emissions Controller

It is proposed to move the manual weekly distribution of MTA emission based on the calculation specified in MCCP 4 and consequently updated by MCCP 7, MCCP 8, MCCP 9 and MCCP 10 to an on-chain Emissions Controller that determines the distribution of MTA to vaults and other recipient contracts via votes on dials by MTA stakers. Dials are representations of votes towards a destination within the Emissions Controller contract. Additionally, the topline MTA emission schedule is proposed here and fully controlled by the Emissions Controller smart contracts going forward. MTA stakers are incentivised to allocate the rewards towards the dials that yields the highest return in order to maximise protocol revenue.

Links

• RFC: Proposed Emissions Controller
• Proposal: MIP 24
• Discussion: MIP 24: Emissions Controller

Should the Emissions Controller be deployed and utilized for MTA emissions as specified in MIP 24?