Hey everyone, the current $MCB market cap has deviated from the net value of POL. To improve $MCB liquidity and ensure that the $MCB market cap does not remain below the value of POL, based on community discussions, MUX contributors propose allocating POL to execute $MCB buybacks.
The goal is to bring the $MCB market cap up to 100% of the POL value, while ensuring it does not fall below 80% of the POL value. Since the total POL value is constantly fluctuating, the $MCB market cap threshold for buyback will also change dynamically. The $MCB bought back through this process will belong to POL.
Next Steps
- Community discussion around this proposal
- Community vote to approve or reject this proposal