Meta Pool DAO: Draft mPIP proposal -- Simplify buyback, increase mpDAO volume

[luciotato]

Throwing here an mPIP-proposal idea to gather feedback:

• Right now the buyback program buys a variable % of mpDAO from market and distributes as locked mpDAO.
• % depends on floor price and mpdao 20d TWAP
• users receive stNEAR & locked mpDAO

Proposal is to simplify the process and also allow users to:

• trade mpDAO
• use the mpDAO to farm rewards in rhea
• sell mpdao, in rhea or uniswap, whichever provides the best price

Proposal is:

1. Always buy mpDAO with 100% of the rewards
2. Distribute 100% mpDAO, part liquid and part locked
3. Users will receive liquid mpDAO so they can:

• trade mpDAO
• use the mpDAO to farm rewards in rhea
• lock it and vote
• sell mpdao, in rhea or uniswap, whichever provides the best price

4. This will increase mpDAO trade volume
5. This will simplify the buyback program

[cloudmex-alan]

Totally makes senses for the Meta Pool’s DAO vision.

mpDAO should work as the catalyzer for its whole economic vision.

[luciotato]

published, ready for comments at: https://www.metapool.app/mpip/?id=20