MIR, Mirror Protocol

2/ Users are therefore encouraged to close their positions and withdraw their tokens from Mirror protocol prior to the scheduled deprecation date.

2/ Users are therefore encouraged to close their positions and withdraw their tokens from Mirror protocol prior to the scheduled deprecation date.

1/ Band Protocol will permanently cease price feed support for Terra Classic, including Mirror Protocol, at 5AM UTC on August 26th, 2022. Without price feed support, the protocol will no longer function.

1/ Band Protocol will permanently cease price feed support for Terra Classic, including Mirror Protocol, at 5AM UTC on August 26th, 2022. Without price feed support, the protocol will no longer function.

2/ In this light, a new forum proposal detailing an increase in voters’ reward ratio, currently 50%, and proposing to make it 70%, is now published on Mirror’s Governance Forum in the link below: forum.mirror.finance/t/incre…

3/ Under this proposal, inactive stakers receive less, and active participants are rewarded. Quorum in Mirror Gov is relatively high at 18%, so further incentivizing those who participate in governance is essential.

4/ While the increase of voting quorum to 18% successfully prevented spamming attacks, it also made it harder for important polls to reach the voting quorum, making polls more difficult to pass than in the past.

5/ Part of the reason why voting participation is not high enough to pass the poll’s quorum is due to 50% of the staking rewards being distributed to those who have staked MIR tokens but are not actively participating in Mirror governance.

6/ This proposal suggests that the reward distribution be higher for those actively voting on Mirror governance, splitting the distribution to non-voters at 30% and to voters at 70%, respectively.

7/ You can find the proposal's details published in the link below, which will be initiated as a governance poll following community feedback. forum.mirror.finance/t/incre…