MDP-20.2: Reduction of rewards to the MTA/WETH Uniswap pool
As set out in MCCP-4, it has been previously proposed that MTA's token emission be optimised. However, whilst MCCP-4 detailed changes to mAssets (mUSD and mBTC) it did not address the rewards going to incentivising the MTA/WETH Uniswap Pool, or Staking V1 rewards.
The mStableDAO has sought to open a discussion around the potential reduction of rewards for the MTA/WETH Uniswap pool in order to reduce the total amount of MTA being emitted, and to focus incentives upon mStable's new Feeder pool architecture. This was presented in this forum post.
It is now proposed to reduce these rewards in line with suggestions from community members in the forum thread. As it was unanimous to reduce these rewards gradually, a 4 week "transition period" has been set as the default transition window for all options.
This has been done to reduce voting complexity to one variable (the final amount of MTA). Should a strong argument be presented by the community to change the length of this "transition period", a new proposal will be put forth to decide upon it.
Should weekly MTA rewards to the MTA/WETH Uniswap pool be reduced?
Off-Chain Vote
Yes, reduce to 25,000 MTA (87%)
114.53K 16.3%
Yes, reduce to 20,000 MTA (70%)
12.54K 1.8%
Yes, reduce to 15,000 MTA (52%)
2.18K 0.3%
Yes, reduce to 10,000 MTA (35%)
14.16K 2%
Yes, reduce to 5,000 MTA (17%)
476.71K 67.7%
Yes, reduce to 0 MTA (0%)
84.05K 11.9%
No, do not reduce the rewards
339.17 0%
Abstain
0 0%
Timeline
Mar 31, 2021Proposal created
Mar 31, 2021Proposal vote started
Apr 06, 2021Proposal vote ended
Oct 26, 2023Proposal updated