The MVL Staking program, which started in late 2022, has seen remarkable success, with active participation of numerous MVL holders. It has significantly enhanced the on-chain liquidity and value of the MVL token, resulting in a TVL(Total Value Locked) of approximately $4 million to date. This achievement has provided on-chain liquidity equivalent to 75% of the BNB network and 98% of the ETH network.
Considering these achievements, we have received several requests from MVL holders to extend the staking program. Therefore, we are planning a governance vote with holders to decide on the specific extension of the on-chain Staking program for another year and the allocation of rewards from each pool.
This vote will be crucial as it will determine the direction of the extended Staking program. Please note that it is exclusively available to holders of MVL, bMVL, and DEMO NFTs. Each holder of DEMO NFTs will receive 100,000 MVL tokens worth of votes per NFT. Holders with voting rights can select one of three options, then click on their preferred option and sign.
The voting period will open from November 3 at 07:00 UTC to November 10 at 07:00 UTC. We will announce the results and share the MVL team’s plan within one week after the voting concludes.
MVL team is excited for your participation in diversifying and enhancing the MVL Staking program, as well as contributing to the growth and development of MVL.
Snapshot Community ๐ https://snapshot.org/#/mvlchain.eth
Snapshot Guide ๐ https://docs.mvlchain.io/user-guide/token-use-cases/governance
Thank you.
Trust-Driven
MVL
The MVL Staking program, which started in late 2022, has seen remarkable success, with active participation of numerous MVL holders. It has significantly enhanced the on-chain liquidity and value of the MVL token, resulting in a TVL(Total Value Locked) of approximately $4 million to date. This achievement has provided on-chain liquidity equivalent to 75% of the BNB network and 98% of the ETH network.
Considering these achievements, we have received several requests from MVL holders to extend the staking program. Therefore, we are planning a governance vote with holders to decide on the specific extension of the on-chain Staking program for another year and the allocation of rewards from each pool.
This vote will be crucial as it will determine the direction of the extended Staking program. Please note that it is exclusively available to holders of MVL, bMVL, and DEMO NFTs. Each holder of DEMO NFTs will receive 100,000 MVL tokens worth of votes per NFT. Holders with voting rights can select one of three options, then click on their preferred option and sign.
The voting period will open from November 3 at 07:00 UTC to November 10 at 07:00 UTC. We will announce the results and share the MVL team’s plan within one week after the voting concludes.
MVL team is excited for your participation in diversifying and enhancing the MVL Staking program, as well as contributing to the growth and development of MVL.
Snapshot Community ๐ https://snapshot.org/#/mvlchain.eth
Snapshot Guide ๐ https://docs.mvlchain.io/user-guide/token-use-cases/governance
Thank you.
Trust-Driven
MVL