PROPOSAL: DAO Funded Rewards Program
TYPE: Infrastructure & Financial
I would like to submit a proposal for the use of DAO funds for the purpose of a Two Season LP Rewards Program. After the successful vote for MIP-001, the DAO controls an additional 328,646 MVT (at the time of the proposal) tokens that can be distributed to active participants via this proposal.
Proposal Specifics & Reasoning
• Use of 200,000 MVT to fund the rewards program.
• 200,000 MVT paid out bi-monthly for 4 Months in 2 Seasons of 2 months each (50,000 MVT per month/25,000 per payout).
• LP providers will share 30% of the bi-weekly payout, Staked LP will share 70% of the bi-weekly payout
• Payouts will be calculated by a random snapshot in a 36-hour window before the close of the bi-weekly period verified against a random snapshot within the bi-weekly period.
• DAO controls the initial distribution of funds through our Agent App.