Mummy Rebirth Benefits
Last updated
Last updated
When you mint Mummy Rebirth, we have some exciting benefits in store for you:
Receive a refund in multiDAI. (Only for NFT V1 holders)
Receive an esMMY bonus (which can be vested without a reserve only if you don’t stake it first). These esMMY tokens are sourced from our Dev Fund, Treasury, and Vault.
The revenue generated from minting will be carefully divided:
+ 50% of the revenue will be used to boost the MLP v2 (utilizing LayerZero’s assets) liquidity pool, ensuring a healthier ecosystem. All the rewards will be directed back to Mummy Rebirth stakers.
+ The remaining 50% will be reinvested to earn fees for the protocol and maintain the protocol, thereby increasing overall profitability. These funds could also be used to add liquidity for MMY/WTFM at this stage.
As an additional perk, Mummy Rebirth stakers will receive a 10% fee from protocol in $FTM, adding extra value to your holdings. The fee-sharing portion of the protocol will be updated as follows: (This portion will be subjected to re-voting after 1 year)
+ MMY/esMMY stakers: 30%
+ MLP stakers: 60%
+ NFT stakers: 10%
For instance: Since its launch on Fantom 8 months ago, Mummy has yielded approximately $2.8 million. As a result, rewards will be distributed to NFT stakers, with the aforementioned portion amounting to $280,000, in addition to the rewards derived from staking MLP in the Treasury.
Users will have the opportunity to engage in the decision-making process to determine allocation and guide protocol development. Remember, for Governance voting, holding NFTs is all that matters, regardless of MMY ownership.
Mummy Rebirth utilizes LayerZero’s advanced technology, paving the way for future bridging possibilities.