# MPIP-9 Implementation Plan

**URL:** <https://gov.near.org/t/mpip-9-implementation-plan/40018>\
**Category:** Meta Pool\
**Created:** [September 3, 2024, 3:52pm UTC](https://gov.near.org/t/mpip-9-implementation-plan/40018 "2024-09-03T15:52:05Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![cloudmex-alan](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/cloudmex-alan/32/31266_2.png) [@cloudmex-alan](https://gov.near.org/u/cloudmex-alan)\
**Post date:** [September 3, 2024, 3:52pm UTC](https://gov.near.org/t/mpip-9-implementation-plan/40018/1 "2024-09-03T15:52:05Z")

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Following the recent approval of [MPIP-9](https://dev.near.org/meta-pool-official.near/widget/ImprovementProposals?tab=proposal&mpip_id=9)and considering the constructive feedback from the mpDAO Community, I am outlining this post to ensure a clear and effective implementation of MPIP-9. It’s evident that while MPIP-9 secured approval, it did so without fully addressing certain key definitions. Despite this, the proposal received a FOR vote during the MPIP voting process, supported by the community.

To address the ongoing discussions and finalize the details of the implementation, here’s a comprehensive plan:

# Key Points for Consideration:

- Discounted Pricing: Analysis of offering a discounted price for mpDAO participants.

- Cross-Chain Bridge: Discussion on bridging the Native mpDAO token from Ethereum to NEAR Protocol.

- Liquidity Provision: Buyback mechanism to ensure liquidity after the initial two months of seeding the pool.

# Swap Pool Technical Details:

- Decentralized Exchange: Ref.finance

- Network: NEAR Protocol

- Token Pair:

Token A: Native mpDAO  
Token B: stNEAR

- Swap Pool Fee: 0.3%

- Farming option: Not provided

# Liquidity Source:

Liquidity Source: On September 10th, 2024, the pool will be created, and liquidity will be provided as follows:

- stNEAR Contribution: 50% of the liquidity will be provided in stNEAR, sourced from the protocol fees generated by Meta Pool. A total of 10,000 stNEAR will be allocated to this pool. These funds will be borrowed from the mpDAO treasury and will be reimbursed by allocating up to 10% of the mpDAO protocol fees each month, starting on October 3rd.

- mpDAO Tokens Contribution: 50% of the liquidity will be provided in mpDAO tokens, sourced from the mpDAO community treasury. The allocation will be based on the mpDAO reference price from the [Uniswap Pool](https://www.geckoterminal.com/es/eth/pools/0xc526429c000df97ac0782384b90698b352d13d20) to match the amount of stNEAR provided.

# Liquidity Lock and Buyback:

- The provided liquidity will be locked for 12 months.

- No buyback will be executed during this period related to the implementation of MPIP-9.

Further discussion on the specifics will continue here to ensure all aspects of the implementation are well-defined and agreed upon by the community.

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**Author:** ![luzmargaritas](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/luzmargaritas/32/51751_2.png) [@luzmargaritas](https://gov.near.org/u/luzmargaritas)\
**Post date:** [September 10, 2024, 11:03pm UTC](https://gov.near.org/t/mpip-9-implementation-plan/40018/2 "2024-09-10T23:03:12Z")

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Commenting and voting is important so that the decision taken incorporates everything necessary to make it a proposal from the community and for the community.  
#Meta Pool