Proposal Details

Proposal #17

Passed

Proposal title

Alliance Whitelist: VT (Virtual Alliance)

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

95.14%

Proposal #17 description

Objective: The Migaloo Foundation proposes to whitelist the Virtual Alliance Token (VT) on Migaloo. Reward Weighting: The Migaloo Foundation seeks to assign VT a reward weight 0.05. This will allow the Foundation to support vital ecosystem areas without generating extra token inflation. Initial Asset Whitelisting:

  • 75% WHALE/USDC LP: This will provide robust liquidity for Migaloo's primary pool.
  • 20% mUSDC: This encourages deposits into Ginkou, fortifying the lending and borrowing of amp and bone assets. These benefits extend to several liquid staking products from Backbone Labs and Eris Protocol, White Whale satellite markets, and Migaloo's NFT marketplace.
  • 5% ASH: This percentage supports the narrative of burning the whale.

Ownership & Control: The Migaloo Foundation retains control over the smart contract and the gauge, ensuring thoughtful testing and prompt decision-making. Eventually, the Foundation will provide a path for increased decentralization.

Proposal #17 overview

Total votes
64
Voters
59
Total deposit
25,000 WHALE