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ParallelParallelby0xaC3203D77823496E421aA7E88CDC2F6C387d61820xaC32…6182

Executive Proposal - "Ethereum x Polygon new incentive model"

Voting ended over 4 years agoSucceeded

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%

RATIONALE

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.

BE INFORMED

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

Off-Chain Vote

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2.43M 100%
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0 0%
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Timeline

Aug 09, 2021Proposal created
Aug 09, 2021Proposal vote started
Aug 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated