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Mithril Cash
  • Home
  • How Does Mithril Cash Work
  • Components
    • Tokens
    • Cash Pools
  • Mechanisms
    • Stabilization Mechanism
    • Genesis - Launch Strategy
  • Schedule
    • Stables + Community Mining MIC
    • LP mining MIS
    • First expansion / contraction
  • MITH Cash V2
    • Premise of V2
    • V2 Upgrades at a Glance
    • MIC Upgrades: Stableswap
    • MIC Upgrades: Rebase
    • MIC Upgrades: Direct Migration of MIC-USDT LP with Rewards
    • MIC Upgrades: Value Reallocation
    • MIC Upgrades: Value Reallocation Speed of Distribution
    • MIS Upgrades: Reduction in MIS supply to 500K and Reduction of Emissions by 77%
    • MIB Redemption to MIC V2: 1 to 1, subject to Ecosystem Stability + Phase out of MIB
    • Staggered Withdrawal of Boardroom Rewards
    • Timeweighted Boardroom Rewards
    • Timelock Reduction to 24 hours + Display of Timelock Queue
  • Contract Details
    • Contract Addresses + Information (as of launch)
    • Audit
  • V2 Development Bounty
    • MITH Cash V2 Development Bounty
    • Developed by the Community
    • V2 Bounty Overview: 2 Weeks of Full Press
    • V2 Bounty Roles
    • Bounty Process
    • Bounty Process (2)
    • Bounty Fund from MDF
    • Next Step
    • Community Developer Pull Request Process
  • Misc.
    • Proof of Admin Key Burn
    • FAQ [EN]
    • FAQ [CN]
    • FAQ [KR]
    • FAQ [ES]
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  1. MITH Cash V2

MIC Upgrades: Value Reallocation Speed of Distribution

Fees collected from sub-1 sale of MIC that is due to be dripped to MIS holders staked in boardroom is not dripped during each epoch like seigniorage. This drip is dripped at time of fee collection. And the drip is dripped on MIS staked at time of fee collection. Which means if your MIS is not on the boardroom during the ongoing drips, you will lose out. The value reallocation process and distribution was designed to reward loyal MIS holders. Timeweighted boardroom for value reallocation process, is built into the design.

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Last updated 4 years ago

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