Posted by a representative of the mStable DAO
The mStable DAO is responsible for managing MTA and mUSD in treasury on behalf of the mStable community and protocol. It is the entity that is tasked with funding EARN pool rewards, Grants, and any other expenditures of the mStable treasury. It is currently maintained by 6 signers, who ratify decisions on behalf of MTA governors.
In future, MTA token holders will vote directly to determine what the DAO does.
An opportunity to collaborate with SushiSwap has presented itself, that would allow for an MTA/ETH pool to receive $SUSHI and $MTA rewards via the mStable EARN product and SushiSwap’s Onsen.
The mStable DAO is proposing to migrate some or all of the MTA/ETH EARN pool rewards from Uniswap EARN pool to SushiSwap in order to take advantage of their incentivised liquidity mining program. This could:
- Users will now earn MTA and SUSHI for their LP deposits
- Open the way for further collaboration between mStable and SushiSwap
We are seeking feedback from the community on this.
Voting is now live on this forum item:
Vote to migrate to SushiSwap
Reward % to be allocated if passed