Governance Framework: Token Listing

As part of our continued journey towards community-led governance, Multiplier has decided to decentralize the listing of collateral assets, and incentivize the community to play a crucial role in this process.

Listing Incentives

1. $2,000 bMXX for proposer. Proposers must follow this example.
2. $10,000 bMXX shared between initial seeders (seeding up to $200,000) of the suggested token.

Process

1. Once a governance proposal is passed successfully, the proposed token will be whitelisted for depositing (but not available for lend and borrow). Collateral can be withdrawn at any time.
2. If the proposed token reaches $200,000 in collateral deposited within 1 month, the pool will be officially opened for lending and borrowing. If the minimum collateral deposit is not met, the suggested token may be delisted.
3. Once a governance proposal is passed successfully, listing incentives will be minted from the reserves, and rewarded to the proposer and initial seeders.
4. Proposer will be rewarded when the token is opened for lending and borrowing.
5. Initial seeders will be rewarded only after 2 weeks from the date the token is opened for lending and borrowing (a snapshot will be taken of all initial seeders). The initial seed must remain as collateral during these 2 weeks, failing which the apportioned rewards will not be distributed.

Proposal Format

Put up a governance proposal here
(You must have 1000 stbMXX to create a proposal)

1. Proposal MUST have a proper title to reveal the token name.
2. Proposal MUST have a 5 days of voting period.
3. Proposal MUST specify token risk parameters.
4. Proposal MUST use “For” / “Against” as option in binary decision.
5. Proposal MUST provide background information of the suggested token.
6. Proposal MUST provide key facts of the token, including CMC and CG links.
7. Proposal MUST include the benefits of listing the token.
8. Proposal MUST indicate if Chainlink price feeds are available on BSC*

*MCL utilizes Chainlink price oracles to secure its lending operations. View list of supported pairs here. Unsupported feeds may take up to 3 weeks to be available.

We strongly encourage active discussion of potential proposals in our Discord governance channel.

Multiplier Team is not entitled to incentives in the token listing governance framework.