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mStablemStableby0xD43a25B442E2C343dAd472A871c5262cCA275Eb4dereksilva.eth

Where should the 5 MTA/95 mUSD EARN pool rewards be re-allocated to?

Voting ended about 5 years agoSucceeded

Please only vote on this proposal if you voted YES to retire the 5 MTA/95 mUSD EARN pool in the previous governance cycle.

The previous polls on this subject asked whether the 15,000 MTA per week rewards currently allocated to the 5 MTA/ 95 mUSD EARN pool should be removed from reward emissions or allocated to other EARN pools. MTA Governors voted in favour of re-allocating these rewards to existing EARN pools, and winding down the 5 MTA/ 95 mUSD EARN pool gradually over a period of 4 weeks.

In discussions in Discord, Telegram and mStable's forum, feedback on what this re-allocation should be was sought. Three options were proposed:

  1. Re-allocate all 15K MTA to the existing 50 ETH/50 MTA Uniswap pool
  2. Re-allocate all 15K MTA to the existing ETH/mUSD Uniswap pool
  3. Distribute the 15K MTA equally amongst existing EARN pools

Arguments in favour of re-allocating the MTA to the existing 50 ETH/50 MTA EARN pool noted that this pool's liquidity is not competitive with others, potentially resulting in higher slippage.

Arguments in favour of re-allocating the MTA to the 50 ETH/50 mUSD Uniswap pool noted that Uniswap has 9x more total value locked and 16x more trading volume than Balancer, along with being a way to promote mAssets.

Finally, there were no arguments in favour of equally redistributing the MTA to existing EARN pools, only a statement made with some support from the community.

Of the options proposed, the option with the highest vote weight will be selected and implemented, even if it is below a majority (50%) in favour.

If you are in favour of reallocating the 5 MTA/95 mUSD EARN pool's rewards over a 4 week period, where should the 15,000 MTA weekly rewards be sent?

Off-Chain Vote

1. Reallocate rewards to the 50 ETH/50 MTA Uniswap pool
234.06K 32.5%
2. Reallocate rewards to the 50 ETH/50 mUSD Uniswap pool
43.24K 6%
3. Reallocate rewards equally amongst all existing EARN pools
443.82K 61.5%
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Timeline

Nov 16, 2020Proposal created
Nov 16, 2020Proposal vote started
Nov 22, 2020Proposal vote ended
Apr 28, 2024Proposal updated