First expansion / contraction - Mithril Cash

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How Does Mithril Cash Work

Components

Mechanisms

Stabilization Mechanism

Genesis - Launch Strategy

Schedule

Stables + Community Mining MIC

First expansion / contraction

MITH Cash 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)

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 (2)

Bounty Fund from MDF

Community Developer Pull Request Process

Misc.

Proof of Admin Key Burn

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First expansion / contraction

Assuming MIC is priced at above (1+ε) USDT, where ε is 0.01 at launch, then expansion occurs. If MIC is priced at below (1-ε) USDT, then contraction occurs. The first measurement of pricing occurs on:
Day 6: Jan 5th UTC 02:00
Where 24 hour TWAP will be used to calculate MIC

Schedule - Previous

Next - MITH Cash V2

Last modified 11mo ago

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