Merit Circle

Which LP asset should $MC be paired to for the main LP staking pool that receives part of the DAOs staking dividends and subsidies?

First official poll for the staking v2 discussion https://gov.meritcircle.io/t/discussion-staking-v2/401/34

A discussion that should ultimately lead to a MIP that outlines the design and execution the new staking v2 module.

Relevant information: The pool will be an Uniswap v2 or v3 pool on Ethereum. The pool will have a ratio of minimally 50% MC and maximally 90% MC (vs 50% to 90% of the pairing asset).

The current pool is a MC/ETH 50/50 Uniswap v2 pool. The old pool is phased out, current v1 stakers do not have to worry. They will receive the same proportional rewards, until the last staker is unlocked (1Y from new pool launch).

The new pool will accrue the majority of the dividends and subsidies the protocol will attribute to stakers (currently 80%). The pool will exist next to a single staking $MC pool, that also receives part of these staking rewards (currently 20%).

The LP stake can be locked for 0-48 months. The longer the lock, the higher the rewards for the staker. The bonus multiplier will be either linearly or exponentially.

LP tokens will retain a similar voting weight as they have currently in the V1 system.

Locked stakers could also get secondary benefits, such as airdrops from (partner) games or platform fee discounts.