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ParallelParallelby0xaC3203D77823496E421aA7E88CDC2F6C387d61820xaC32…6182

Executive Proposal - “Pool incentive for MIMO:PAR on Balancer”

Voting ended almost 5 years agoSucceeded

If the Mimo Token Holders accept the executive proposal, the following changes will be deployed to the Mimo Protocol:

Before After
wBTC Minting 14% 11%
USDC Minting 5% 3%
[MIMO: PAR] Balancer pool liquidity providing 0% 5%

RATIONALE

We believe this change needs to be executed because, at this moment, MIMO receives no support from its own platform. A 5% pool incentive helps a lot to gain more interest and stabilise the price of the MIMO token, especially before exchange listings are in place. Incentivising the pool with the governance token from the project is a very standard process and regularly asked by the community.

We recognise that this would negatively impact users that are minting PAR against wBTC and USDC. Still, they would have more options to use their MIMO and PAR tokens to benefit from it as a whole.

BE INFORMED

Please make sure to inform and educate yourself before proceeding with your vote. Community discussions are always welcomed.

Off-Chain Vote

Support
661.6K 100%
Not Support
0 0%
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Timeline

Apr 28, 2021Proposal created
Apr 28, 2021Proposal vote started
May 01, 2021Proposal vote ended
Oct 26, 2023Proposal updated