Happy New Year Movers!
MIP:002 is approved and pending funding shortly! Due to variables in the farming infrastructure, Season One will begin January 15th 2021 (00:00 UTC) and run until March 15th 2021 (00:00 UTC) and will provide a total of 100,000 MVT (3.3% of total supply)
To participate, LP providers will stake MVT-WETH LP tokens and will receive MVT rewards over the course of the Season. For early participants, a 5x Multiplier 0.6479 MVT per block will be applied to the first 2 weeks of the Season before decreasing to a 1x reward of 0.1296 MVT per block until the end of Season One.
Season Two will run from March 15th 2021 (00:30 UTC) until May 15th 2021 (00:00 UTC) with MVT/WETH and additional LP token options and rewards multipliers will be announced at a future date. Season Two will provide the remaining total of 100,000 MVT (3.3% of total supply) in rewards to LP stakers. Look for variable LP rewards and random snapshots to be a part of Season Two.
Please share your thoughts and questions here!