Public Mint “Lite” Governance kicks off via Snapshot
MINT holders can now decide on EARN key features. First proposals will define new EARN program partners.
We’re elated to announce that, in line with our roadmap, the first version of Public Mint’s governance protocol is live!
This is obviously a big step towards consolidating the whole ecosystem — and what better way to do it than to start by expanding the EARN program?
Although this is still an early, “lite” version of the governance process, all MINT holders can participate, analyze and vote on the different proposals — as was promised. To that end, we’ve set up a number of tools and platforms, to which MINT tokens will act as the gatekeeper.
For starters, we’ve opened up a new #mint-governance channel on our Discord server, where Community members can engage in healthy discussion on any governance proposal or potential proposal. This channel is restricted to MINT holders and Community members who wish to take part in it must first verify their personal wallets via Metamask, through the #mint-hodler-verify channel. After verification is done, you’re free to join the governance channel and join the conversation.
⚠️NOTE: as of now, Collab.Land (the platform used for verification) can only connect to the Ethereum network, so you’ll need to keep some MINT tokens in your Ethereum wallet (even if only residual amounts). Steps are already being taken to connect Collab.Land to the Public Mint blockchain.
The other tool you are going to need is Snapshot — where actual governance will come into play. This is where every proposal will be posted and voted on, exclusively by vetted MINT holders. At this moment, Metamask will be necessary to log into the platform, but in the future you will be able to do it straight from the Public Mint app. The first proposal posted will be a test run, with no binding value — just to give all Community members a chance to get acquainted with the entire governance flow.
You can find our governance platform on Snapshot here.
First governance proposals and rewards
The first set of governance proposals to be voted on will relate to the new EARN partners to be added in the near future. The team has studied and shortlisted a number of CeFi and DeFi options that are to be judged and decided upon by MINT holders. As outlined above, proposals will be individually submitted on Snapshot, where they will be voted on, after being openly discussed in the closed #mint-governance channel.
When it comes to rewards, for the time being, all MINT holders will continue to receive the 10% bonus for holding MINT in their wallet. But remember: rewards will be directly connected to your participation in governance — and early adopters won’t be forgotten, so it’s in your very best interest to get in right from the get go! 😉
This is a very exciting breakthrough for Public Mint’s EARN program — one that clearly outlines a first, yet decisive step towards decentralization and Community-driven decisions.
Thank you, and see you on the other side 🟢
About Public Mint
Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions.
Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.
The EARN program is a community-governed earnings aggregation application built on top of Public Mint’s fiat-native blockchain. The program aims to make it easy and safe for the broader public to tap into the high returns available on the crypto space.
About the MINT Token
The MINT token is core to Public Mint EARN, a program that aggregates different sources of high earnings from the crypto space — both CeFi and DeFi — into a simple, intuitive platform.
The MINT token will not only allow users to participate in the governance of EARN, but will also pay a portion of the earnings of the program to active MINT stakeholders. Much like a traditional fund, these crypto-experts are incentivized to pick the best sources of returns, and the best combination of value and security.