PREAMBLE
The Governance Facilitator(s) and the Mimo Contracts Team have placed an executive proposal into the [voting system].
Mimo Token Holders are requested to vote for this proposal if they support the following alterations to the Mimo Protocol.
SNAPSHOT
If the Mimo Token Holders accept the executive proposal, the following changes will be deployed to the Mimo Protocol:
| Before | After | |
|---|---|---|
| USDC Minting | 5% | 3% |
| wBTC Minting | 14% | 11% |
| [MIMO:PAR] Balancer pool liquidity providing | 0% | 5% |
RATIONALE
We believe this change needs to be executed because, at this moment, MIMO receives no support from its own platform. A 5% pool incentive helps a lot gain more interest and stabilise the price of the MIMO token, especially before exchange listings are in place. Incentivising the pool with the governance token from the project is a very standard process and regularly asked by the community.
We recognise that this would negatively impact users that are minting PAR against wBTC and USDC. Still, they would have more options to use their MIMO and PAR tokens to benefit from it as a whole.
BE INFORMED
Please make sure to inform and educate yourself before proceeding with your vote. Community discussions are always welcomed.