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mStablemStableby0x908DB31Ce01DC42c8B712f9156E969bc65023119mzeronine.eth

MDP22 - BadgerDAO Loan for Bootstrapping Vault Boost

Voting ended over 4 years agoSucceeded

After the successful internal motion, and in line with this forum post, it is proposed to lend the BadgerDAO a sum of 500,000 MTA for 90 days in order to bootstrap the MTA boost received for users of their platform for the imBTC and mBTC/HBTC Vaults, once these get deployed on the Badger dApp.

The loan is given in a trustless manner via a loan function on the deployed MStableVoterProxy contract that is managed by both the mStable Protocol DAO and the BadgerDAO.

After the term ends, the loaned MTA will flow back into the mStableDAO treasury, and accrued rewards from this loan will remain in the VoterProxy contract to continue to bootstrap MTA liquidity for the BadgerDAO.

Depending on the initial success of these vaults, the loan duration can potentially be extended, which will mandate an additional formal vote by Meta Governors at least 14 days prior to the extension.

The option with the most votes will be executed, even if it doesn't reach a majority.

Should the mStableDAO loan the BadgerDAO a sum of 500,000 MTA for 90 days and deposit this MTA in the aforementioned MStableVoterProxy contract to help them bootstrap the received MTA boost for their newly created mBTC Vault products?

Off-Chain Vote

For
61.01K 97.1%
Against
1.3K 2.1%
Revise the conditions
518.19 0.8%
Download mobile app to vote

Timeline

Aug 24, 2021Proposal created
Aug 24, 2021Proposal vote started
Aug 29, 2021Proposal vote ended
Oct 26, 2023Proposal updated