✔️ MCCP 14: Whitelist Abachi Multisig in Staking V2

Proposed by @3L3C70

Simple Summary

Abachi acquired recently some MTA and would like to stake this in Staking V2 on mStable. The MTA is in the Multi-sig and Abachi to stake MTA from the Gnosis Safe Multisog. Abachi plans to acquire more MTA both via buying from the market and our MTA and Stable pools. These will be added to the treasury backing and staked in the future.

Abstract

With the introduction of Staking V2, we introduced a limitation that only Externally Owned Accounts (EOA) can stake. Additionally, the functionality to whitelist certain contract addresses was added.

This Proposal requests to whitelist the following address in Staking V2: 0x6FcE4c6CDd8C4e6C7486553D09BdD9aEE61cF095

Motivation

Abachi recently started to use mStable Save for generating yield:

  1. 500k into Save on Ethereum Mainnet.
  2. 500k into Save on Polygon

Alongside this investment, MTA was acquired as well to use in Staking V2. This would allow us to boost our MTA rewards, participate in governance and represent our interests within the mStableDAO.

Specification

To whitelist the Abachi Multisig the following transactions will be executed by the ProtocolDAO Multisig:

  • Staked MTA (stkMT)

    • 0x8f2326316eC696F6d023E37A9931c2b2C177a3D7:
    • whitelistWrapper(0x6FcE4c6CDd8C4e6C7486553D09BdD9aEE61cF095)
  • Staked Token BPT (stkBPT)

    • 0xeFbe22085D9f29863Cfb77EEd16d3cC0D927b011:
    • whitelistWrapper(0x6FcE4c6CDd8C4e6C7486553D09BdD9aEE61cF095)

Next Steps

Pending no significant changes to its content, this proposal will be taken to a Snapshot vote on Monday, the 17th January 2022 .

Voting will be open for a 5 days window to give adequate time for a concurrent discussion. Governors can change their vote at any time should the discussion sway their decision. We look forward to hearing what MTA token holders have to say and seeing how they cast their votes.

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