PDP15 / MIP-8: Buyback & Make pool creation

Voting ended almost 5 years agoSucceeded

Posted by a representative of the current mStable protocolDAO

As detailed in this forum post, it has been proposed that a buyback and make strategy is implemented into the mStable protocol. This strategy would be driven by an MTA/ETH/mAsset liquidity pool on Balancer Finance v1. In future, this pool could also be used in mStable’s re-collateralisation mechanism.

Many of the pool's parameters were agreed upon, and the discussion focused on a single variable: the percentage of system revenue to be diverted initially to the pool upon creation. To cater to differing opinions, a broad range of options have been presented for this vote. As there are more than two choices, the option with the highest weight of votes in support of it will be executed (even if that option has less than 50% of governor support).

Which portion of system revenue should be diverted to this Buy and Make pool?

Off-Chain Vote

465.51 0.1%

10%

282.01K 76.3%

20%

86.76K 23.5%

40%

461.05 0.1%

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Timeline

Mar 07, 2021Proposal created

Mar 07, 2021Proposal vote started

Mar 13, 2021Proposal vote ended

Oct 26, 2023Proposal updated