Towards Addressing the Question of MPs - Consolidated Suggestions

Feature Discussion
60

In preparation of the next steps towards the first snapshot, I will suggest some staging for the following procedures:

  1. a Snapshot vote first focused on gauging interest of suggested options, with options that fail to meet decorum being axed from further consideration. All options that meet decorum will remain for further consideration*

  2. An action based Snapshot vote to decide on the initial decision related to fundamental MP mechanics: their continuation untampered, or some kind of reduction or pause

  3. Based on the sentiment vote, through which irrelevant ideas will be discarded, and based on the action based vote of changing or maintaining current MP mechanics, further consideration of remaining and relevant options will continue in thread-specific forum discussions

  4. each topic-specific thread will conclude in a presentation of the refined option and potential variants, along with an option to exclude the final iteration which will go to a snapshot vote; upon the conclusion of each snapshot vote, the DAO will have the finalized listed mandate as it pertains to tokenomcis, which it can then set a timeline to, execute on, and focus elsewhere on other areas of development

Suggested Staging for Next Steps

(1) Sentiment Vote on the Following Options (not final and in no particular order, multiple choice, suggested decorum of 20%):

  • (a) Reduce MP APR and Implement MP Burn with MP Redistribution

  • (b) Adjust MP APR

  • (c) Adjust MP APR and MP boost cap

  • (d) Adjust MP Boost Cap

  • (e) Supplement Base APR with esGMX emissions

  • (f) Introduce GMX paired GM Pools

  • (g) MP to esGMX Conversion

  • (h) Expedited Vesting Vaults & Revolving esGMX Emissions

  • (i) Time-Lock of Native Staked GMX for Max Boost

  • (j) Allow MP Utility for Other Purposes Besides Fee Share

  • (k) Means of Acquiring MPs Other than Native GMX Staking

  • (l) Decouple MP Emissions from native-staked GMX rewards

  • (m) Abolish MP Boost

  • (n) Make MPs Transferrable

  • (o) Staked MP Decay-Over-Time

  • (p) MP Burn for Earmarked Fee Share

  • (q) Cap MP Fee-Participation to X% of Fees

  1. Based on (1), publish forum topics for votes that passed decorum

  2. After forum discussions from (2) list respective snapshot votes for each for the final omnibus mandate for the DAO

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