Summary of the MIP
This MIP proposes a one-time burn of MIN sourced from the Yield Farming Reserve in order to reduce excess non-circulating supply and strengthen MIN’s long-term economic framework. The action retires tokens that are unlikely to be deployed, cancels years of potential emissions at the DAO’s 25k/day planning floor, and signals strong supply discipline in line with Minswap’s fee-driven model. The DAO is asked to select between three calibrated sizing options, with execution handled by Minswap Labs and results fully auditable on-chain.
See temp check discussion and I agree with @CWSchub who always has great wisdom. There needs to be much clearer objectives of this proposal for how it will generate long-term benefits of attracting new capital and growing total value locked and trading volumes.
This proposal LACKS A PLAN.It is a NUCLEAR OPTION that should be considered in much smaller test and learn increments of experimentation.
Since the reduction in yield farming emissions, the price of MinSwap token has stagnated and lagged behind the broader market and $ADA price gains, while staking yields have also fallen. Lets grow TVL and trading volume as a way to grow total stakeholder return for the long-term! We are NOT THERE YET!