MaMaia DAO
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[MIP-10] Blocmates payment

Published

1/27/2023, 1:52:49 PM

Closes

1/30/2023, 1:50:11 PM

Proposal Content

Summary

This discussion has the objective to reach a conclusion in regards to the payment plan for educational content by Blocmates passed in [this](https://snapshot.org/ /maiadao.eth/p...

This discussion has the objective to reach a conclusion in regards to the payment plan for educational content by Blocmates passed in this proposal.

Currently, the share of the payment in native tokens have been processed fully in Hermes to avoid minting MAIA or removing liquidity from POL.

To give some further context, taking into account a total monthly payment of 6k USD per month, this amounts to 70% (4.2k USD) paid in USDC and 30% (1.8k USD) in HERMES.

For the remaining 4 months one payment is to be paid like previously mentioned and the other 3 would be processed inversely, meaning, 70% (4.2k USD) in USDC and 30% (1.8k USD) in Maia which at the time of writing amounts to around 100 MAIA.

In order to decide on the best way to give Blocmates an equal exposure to both our ecosystem tokens in accordance to the proposal passed, we need to identify multiple approaches to then decide which one is the best.

The strategies considered thus far, are the following:

1. Mint Maia

Taking into account that currently there are around 180k $Maia and the payment would require close to 100 $Maia, that would amount to an increase of 0.055% of the supply.
This also prevents the DAO from having to spend treasury funds in buying on the open market an occurring in slippage.

2. Buy Maia on open market

Knowing that we currently sit on a ~1.6M$ treasury (excluding $Hermes) and that it would require ~2k usdc for the payment, that amounts to 0.125% of the treasury funds .

3. Use MAIA from POL

This would prevent minting new $Maia and spending funds from the treasury, but we would be reducing Maia POL by 1.25%.

Voting Results

Voting Type: single choice

Mint $Maia8.0%

786.55

Buy $Maia open market Leading89.0%

8.7K

Remove $Maia from POL.3.0%

289.53

In need for further discussion0.0%

0

Total Votes

32

Total Score

9.8K

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