I have some thoughts on the current and future use of the MFAM Safety Module.
Since the issuance of tokens for the community is limited to 500 million MFAM, the question arises, how will the Safety Module function in the future? My proposal for discussion is to create a mechanism to buy back tokens from the market using protocol revenues and send it to the Safety Module for subsequent staking and distribution of tokens among stakers which is consistent with the Safety Module narrative. Thus, we will provide a Safety Module with users who will leave their tokens in staking.
Also, what if we create a mechanism for voting with MFAM tokens for users who want to receive a certain allocation of MFAM tokens for a certain asset for lending. This will allow, instead of selling MFAM tokens, to create demand, as this will increase the percentage of incentives that their potential assets will receive. Looking to the future, we will see that users compete for the maximum amount of MFAM so that they can provide a revenue stream.
Following these two concepts, we can divide the number of tokens buy back from the market and send them 50 to 50. That is, half to the security module, half to allocation for users who provide their asset for lending.
Hi guys
My idea is to distribute some % of the protocol fee‘s to MFAM stakers. This would increase the demand for MFAM tokens in the short and longterm. Buying back MFAM tokens makes a lot of sense at a later stage.
Yep, we need to create a cycle in the use of MFAM. It is necessary to make sure that there is no need to sell the token. At least for the most devoted followers, that is, those who want to governance the protocol now and in the future. But I also don’t want to say “let’s pump it into the sky forever”. Moderate growth should be so that the value of the token is visible but without fanaticism. Because it can be devastating.
what would be your idea in terms of fees distribution ? demand would be of course higher, mfam price would rise and new capital would inflow the apollo protocol.
movr and mfam is a community first project.
Like with any idea that the community is working towards developing into a full fledged governance proposal, I would just suggest that you all take the due diligence to hash out the finer details, weigh the pros and cons, and formulate/present a well thought out and organized proposal.
I first heard about euler from you. Well, if this is already used somewhere, then this is the place to be.
