[MIP-10] Blocmates payment
Published
1/27/2023, 1:52:49 PM
Closes
1/30/2023, 1:50:11 PM
Author
880x88E0...1C98Proposal 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
786.55
8.7K
289.53
0
Total Votes
32
Total Score
9.8K