Multiplier

As a result of feedback from the community, a proposal for reduction of Multiplier’s V2 governance staking rewards was initiated by the DAO team on 26th October 2021 and passed on 29th October 2021.

SNAPSHOT:
90.87k stakedBMXX voted “YES: reduce by 75%” (96.95%)
2.76k stakedBMXX voted “YES: reduce by 50%” (2.95%)
100 stakedBMXX voted “YES: reduce by 25%” (0.11%)
0 voted “NO”

WHAT’S NEXT?
The DAO team’s executor will implement the reduction of bMXX rewards for governance staking from the current 1,200 bMXX daily payout to 300 bMXX daily payout.

The community may review the governance rewards again in the future should bMXX price becomes favourable for an increased payout. The DAO team thanks everyone in the community who voted and participated.

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The proposal to migrate >50% of bMXX’s total liquidity to Biswap and apply for Biswap’s $10M funding from Multiplier Governance passed on 28 October 2021.

The team will migrate and list bMXX on Biswap in the coming days.

SNAPSHOT:
112.25k stakedBMXX voted “YES” (98.22%)
2.03k stakedBMXX voted “NO” (1.78%)

WHAT’S NEXT?
1) DAO treasury will add additional 12.5k BNB / 12.5k bMXX to Biswap.
2) Migrate >50% of bMXX’s total liquidity from ApeSwap to Biswap.
3) Apply for Biswap’s $10M funding.

Keep an eye out for further announcements regarding this listing, as well as other promotional campaigns and progress of applications!

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Our first decentralized application - Simplified Stable Bonds (SSB), as well as the MXX to bMXX converter/bridge will be deprecated on 1st November 2021.

All SSB contracts have reached their maturity and are ready to be claimed. For users that have previously created SSB contracts, please claim your minted MXX tokens before 1st November 2021.

The MXX to bMXX converter will also cease services on 1st November, in tandem with the closure of the SSB platform.

For further questions, please approach any of our friendly admins in Telegram or Discord. Thank you for your continued support!

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Multiplier has recently begun shortlisting community members who are keen to bring the Multiplier lending protocol to the next level, and we’re finally ready to announce our confirmed 9 Council Members.

Council Members

Telegram IDs

  1. Finball
  2. JosephReddy
  3. DLLM_SPK
  4. SupermanR
  5. Kelverbird
  6. deeply_blue_sea_999
  7. Happydefi
  8. Heidefi
  9. Holla123456

Stay tuned for continued DAO updates coming soon.

Links: Website | Medium | Twitter | Telegram | GitHub

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