If the Mimo Token Holders accept the executive proposal, the following changes will be deployed to the Mimo Protocol:
The total MIMO distribution will be split as the following:
| Before | After | |
|---|---|---|
| Ethereum | 100% | 85% |
| Polygon | 0% | 15% |
On Polygon the incentive will be:
| Incentive | |
|---|---|
| wETH Minting | 15% |
| USDC Minting | 3% |
| wBTC Minting | 7% |
| wMATIC Minting | 15% |
| [PAR: USDC] Balancer pool liquidity providing | 60% |
On Ethereum the incentive will be:
| Incentive | |
|---|---|
| wETH Minting | 25% |
| USDC Minting | 3% |
| wBTC Minting | 11% |
| [PAR: wETH] Balancer pool liquidity providing | 5% |
| [PAR: USDC] Balancer pool liquidity providing | 28% |
| [PAR: MIMO] Balancer pool liquidity providing | 28% |
We believe this change needs to be executed because deploying and incentivizing Polygon will offer a better user experience. Depositing/withdrawing collaterals, Minting/Returning PARs will be cheaper and faster, making the Mimo experience a lot more affordable.
Please make sure to inform and educate yourself before proceeding with your vote. Community discussions are always welcomed.