[PASSED] MIP-26: [EC Proposal] Treasury Assets in Support of Applications
A proposal authored by the Mantle Economics Committee has passed with 149M MNT/BIT voting Yes and 3.2K MNT/BIT voting No
snapshot.org/#/bitdao.eth/proposal/0x26884fce58b66e82fa74735a2e255f76654618278432897f4ca2430702e95dcd
Context: MIP-26 takes into account feedback regarding the use of Mantle Treasury assets to support applications on Mantle Network. Many applications benefit from a foundational amount of liquidity to function and provide a better experience for Mantle users.
While retaining assets in Mantle Treasury is the most secure option, deploying a portion of these assets to support applications may lead to higher levels of success for Mantle Ecosystem. MIP-26 outlines a deployment strategy with a focus on risk management.
1️⃣ In accordance with the MIP-25 framework, the following new strategies and allowances have been authorized:
• Liquidity Support for Applications
• Seed Liquidity for RWA-yield Backed Stablecoins
• Liquidity Support for Third Party Bridges
2️⃣ The Economics Committee is authorized to engage Service Providers to support deployment of the listed strategies. This includes discussions with various parties and, if necessary, negotiation of partnership terms or other commercial agreement regarding liquidity deployment.