Sean Chen Art, August MCX Rewards Distributed, LP Reward Adjustment

This month we kicked off our comic arts show in collaboration with Next Chapter, featuring the works of Sean Chen. If you haven’t seen this show yet, please do check it out here. Led by Machi X DAO members Carl Choi and Penguin, the show is off to a great start, having made appearances on WIP Asia, the Whale Community, and DAO Rushweek. Be sure to place your bids on these beautiful illustrations from Sean.

Rewards Distributed, Reward Adjustments

August MCX rewards for DAO members and liquidity providers have been sent. Thank you for your participation and support of the Machi X DAO.

This month, members of the DAO have decided to reduce the liquidity provider rewards and allocate more MCX tokens to reward those in the Machi X DAO who are actively contributing to our collective. As such, we are going to:
1) Remove MCX liquidity provider rewards program for Balancer and Uniswap liquidity providers,
2) Continue DAO member rewards — this allows Machi X DAO members to use MCX tokens to sponsor proposals etc.,
3) Reallocate the liquidity provider pool to give MCX to valuable members who are currently actively contributing.

Liquidity providers on Balancer are still eligible for weekly BAL distributions, as MCX tokens are whitelisted on Balancer.

Cheers,
Machi X DAO

The Machi X DAO

Machi X is a collective of artists and patrons, curating and trading digital art. This is the first iteration of the Machi X Curator program, where we work with community members to bring together themed shows. Read more about the Machi X DAO here. Talk with us on our Discord channel and follow us on Twitter.