If the Mimo Token Holders accept the executive proposal, the following changes will be deployed to the Mimo Protocol:
Pools:
- New incentive for the PAR/EURT/sEUR/EURS pool
Governance:
- Release of a new MIMO locking contract
- New incentive for the MIMO locking contract
The new incentive distribution will be:
| Before | After | |
|---|---|---|
| wETH Minting | 25% | 25% |
| USDC Minting | 3% | 2% |
| wBTC Minting | 11% | 7% |
| [PAR/USDC] Balancer pool liquidity providing | 28% | 18% |
| [PAR/wETH] Balancer pool liquidity providing | 28% | 5% |
| [PAR/MIMO] Balancer pool liquidity providing | 5% | 28% |
| [PAR/EURT/sEUR/EURS] Curve pool liquidity providing | 0% | 10% |
| MIMO locking contract | 0% | 5% |
RATIONALE
We believe this change needs to be executed because incentivizing a EUR stable pool will offer more liquidity, volume, and stabilization to our PAR token.
The new MIMO locking contract is part of our gov token appreciation program. It will allow users to, as before, lock their MIMO tokens to get voting power, but they will now receive an incentive for doing that.
BE INFORMED
Please make sure to inform and educate yourself before proceeding with your vote. Community discussions are always welcomed.