Mis-use of Marinade gauges by closed AMM

To clarify for people who weren’t around for the proposal: part of Lifinity’s partnership proposal included requesting 2M MNDE from the DAO, received as an NFT, which Lifinity committed to holding for at least a year.

While they called it a “grant” in the proposal, it was meant as a replacement for the volume-based fee on their original proposal, and outside the parameters that the grant committee can consider. Any protocol wanting a similar amount would still need through a governance vote.

Update: to clarify… a proposal has passed allowing us to form a grant committee. We have yet to form it, but I plan to get the discussion going soon.

@Hao You can read more about the grant committee and the parameters where it can assign MNDE without going through a governance vote on this proposal.

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