The Movement DAO

MIP:001-1 - DAO Funded Rewards Program

MIP: 001-1

NAME: gumshed

PROPOSAL: DAO Funded Rewards Program

TYPE: Infrasturcture & Finacial

DATE: 9.8.2020

Hello,

I hope this finds you all well. I would like to propose the use of DAO funds for the purpose of a 10-Week Staking Rewards Program.

Previously, the proposal suggested we outsource the development of the staking aspect. I believe we’ll be able to handle this now through a Sphere of the Movement - an expansion and refocus of the socialchangeengine.io site.

The DAO controls over 400k in MVT at the moment. At the time of writing, it is worth about 35 ETH and that’s at a very low market cap.

Proposal Specifics & Reasoning

  • Use of 300,000 MVT to fund the rewards program.

  • 30,000 MVT paid out weekly for 10 Weeks.

  • Balance of MDT Staked calculates reward in MVT

  • DAO contols distribution of funds through our Agent App.

Open Discussion on DISCORD.

2 Likes

Updated.

Submitted. Vote #68

https://client.aragon.org/#/movementdao/

MIP:001-1 - DAO Funded Rewards Program

Status

Passed 2020-09-17, 00:30