IIP: 152
Title: Reduce MNY (formerly BASIS-ETH) reinvestment frequency
Status: Proposed
Author: @afromac
Reviewer: @DocHabanero , @allan.g , @richard
Gov Review: @sixtykeys
Created: 21st April 2022
Simple Summary
The Product Pod would like to change the reinvestment interval in BASIS-ETH proposal ahead of launch.
Abstract
In the original IIP for launching BASIS-ETH (now MNY), the following reinvestment schedule was proposed:
- Accumulated USD yield is auto-compounded into the core position with the funding rate payment every 8 hours.
After further analysis and discussion, we would like to propose that this be revised to:
- Accumulated USD yield is auto-compounded into the core position every 7 days.
Reducing the reinvestment frequency lowers the cost to transact for the product and leads to a greater performance over time.
Voting
FOR
Reduce the reinvestment interval in MNY (formerly BASIS-ETH)
AGAINST
Do not reduce reinvestment interval in MNY (formerly BASIS-ETH)
Author Background and Commitment
The Product Pod is responsible for designing, developing, and deploying index products for the Index Coop, as well as managing and maintaining products post-launch. Core team members of the Product Pod have also been supporting, operating, and refining Set’s leverage token infrastructure for over a year.
Copyright
Copyright and related rights waived via CC0 .