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ParallelParallelby0xaC3203D77823496E421aA7E88CDC2F6C387d61820xaC32…6182

Executive Proposal - “Origination fee”

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:

  • Total fee of 2% will not change, however, it will now be composed of an origination fee of 0.3% and an annual fee of 1.7%.

RATIONALE We believe this change needs to be executed to prevent flash loan abuse, used for mining optimization

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

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Timeline

May 05, 2021Proposal created
May 05, 2021Proposal vote started
May 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated