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ParallelParallelby0xaC3203D77823496E421aA7E88CDC2F6C387d61820xaC32…6182

Executive Proposal - "Migrating incentive from Balancer v1 to Balancer v2"

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
Balancer v1
 wETH Minting 25% 0%
 USDC Minting 5% 0%
 wBTC Minting 14% 0%
 [wETH: PAR] Balancer pool liquidity providing 28% 0%
 [USDC: PAR] Balancer pool liquidity providing 28% 0%
 [MIMO: PAR] Balancer pool liquidity providing 0% 0%
Balancer v2
 wETH Minting 0% 25%
 USDC Minting 0% 3%
 wBTC Minting 0% 11%
 [wETH: PAR] Balancer pool liquidity providing 0% 28%
 [USDC: PAR] Balancer pool liquidity providing 0% 28%
 [MIMO: PAR] Balancer pool liquidity providing 0% 5%

RATIONALE

We believe this change needs to be executed because, migrating to Balancer v2 will offer better capital and gas efficiency making the Mimo experience a lot more affordable.

BE INFORMED

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

Off-Chain Vote

Support
3.3M 100%
Not Support
0 0%
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Timeline

Jun 22, 2021Proposal created
Jun 22, 2021Proposal vote started
Jun 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated