Proposal to migrate MET1.0 funds to Metronome DAO Treasury.
Motivation
Metronome has accomplished a lot over the past year with the launch of Metronome Synth and Smart Farming on Ethereum and Optimism; thus fulfilling the intention of relaunching Metronome last year. The migration to a Metronome DAO has enabled Metronome to continue on its early success and provide a means for the community to become more involved.
With a continued focus on DeFi innovation and decentralization, the purpose remains that MET DAO treasury will fuel the development of the Metronome ecosystem by providing funding for new Metronome products and collaborating with leading DeFi projects. As the MET DAO is preparing to enter its next chapter of growth, this proposal seeks to migrate the funds currently in Metronome 1.0's ACC.
Specifications
As previously conducted for the migration and creation of the Metronome DAO,the TokenPorter contract will be used to mint additional MET 1.0 tokens and immediately used to swap them in the ACC. The ACC funds will then be transferred to the MET DAO treasury multisig wallet. These funds will be used to continue the growth of Metronome by, but not limited to, bootstrapping liquidity on new chains and funding the ongoing development and growth of Metronome Synth and Smart Farming.
MET 1.0 token holders will continue to have the ability to claim their new MET 2.0 tokens on a 1:1 basis and be able to participate in the MET DAO by proposing and voting on platform decisions.
MIP-013: Migration of ACC funds
Summary
Proposal to migrate MET1.0 funds to Metronome DAO Treasury.
Motivation
Metronome has accomplished a lot over the past year with the launch of Metronome Synth and Smart Farming on Ethereum and Optimism; thus fulfilling the intention of relaunching Metronome last year. The migration to a Metronome DAO has enabled Metronome to continue on its early success and provide a means for the community to become more involved.
With a continued focus on DeFi innovation and decentralization, the purpose remains that MET DAO treasury will fuel the development of the Metronome ecosystem by providing funding for new Metronome products and collaborating with leading DeFi projects. As the MET DAO is preparing to enter its next chapter of growth, this proposal seeks to migrate the funds currently in Metronome 1.0's ACC.
Specifications
As previously conducted for the migration and creation of the Metronome DAO,the TokenPorter contract will be used to mint additional MET 1.0 tokens and immediately used to swap them in the ACC. The ACC funds will then be transferred to the MET DAO treasury multisig wallet. These funds will be used to continue the growth of Metronome by, but not limited to, bootstrapping liquidity on new chains and funding the ongoing development and growth of Metronome Synth and Smart Farming.
MET 1.0 token holders will continue to have the ability to claim their new MET 2.0 tokens on a 1:1 basis and be able to participate in the MET DAO by proposing and voting on platform decisions.