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Satoshipierogi
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Unraveling "The Mitosis DNA Program" I broke down the Mitosis DNA Program & Chain Incentive Problem, so you didn't have to 1. Blockchain ecosystems struggle to align participant interests - Traditional methods fail due to central planning issues or inflexible systems
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Satoshipierogi
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2. This leads to conflict among stakeholders: - users seek high yields without loyalty - validators secure networks without focusing on applications - developers work in isolation - liquidity providers lack influence over resources
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3. The Mitosis DNA program creates - Aligned incentives -> rewards based on value creation 4. This ensures long-term participants gain influence over the ecosystem's direction - Governance resists attack vectors - Stakeholders benefit from each other's success
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5. The DNA program uses a three-token system, each with a distinct role - MITO is the utility token for transactions - gMITO provides governance rights - LMITO is the reward mechanism
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6. This balances short-term utility with long-term governance for sustainable growth 7. The DNA program allocates rewards through: - The Vault Reward Pool and the dApp Reward Pool The Vault Reward Pool supports vaults attracting external liquidity
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Satoshipierogi
@satoshipierogi.eth
8. The dApp Reward Pool includes: - An automatic Max Pool based on MITO usage - A Vote Pool, where gMITO holders can reward applications This combines formula-driven objectivity with governance-driven flexibility
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Satoshipierogi
@satoshipierogi.eth
9. The DNA program benefits everyone: - User earn yields and governance power - Validators gain voting power over incentives - Developers receive funding for token integration and support
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Satoshipierogi
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10. Vault projects access ecosystem incentives - Benefiting from a cycle where rewards increase liquidity and success 11. The DNA program features a governance system designed to resist common problems that plague most DAOs through: - Time-weighted power - A one gMITO, one vote approach - Non-transferable tokens that prevent vote buying
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Satoshipierogi
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12. gMITO holders maintain meaningful control over economic parameters, including: - Fee setting - Revenue direction - Custom parameters for different vaults This allows the community to direct capital where it creates maximum value
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Satoshipierogi
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13. The DNA program implements a phased approach to ensure stability while transitioning to full decentralization - Phase 1 focuses on establishing fundamentals, with the foundation making key decisions while early adopters accumulate gMITO through staking 14. In phase 2, the DNA program activates as LMITO emissions flow into vaults and dApps. - Governance takes control of key parameters, and the two-pool dApp reward system steers development priorities 15. Mitosis DNA program excels by fostering genuine alignment through: - Time-locked rewards - Governance acceleration Promoting long-term thinking & balancing the needs of users, validators, developers, and projects as a result 16. The program adapts to changing needs through: - Flexible governance - Avoiding rigid formulas Instead approaching decentralization, with quality control, preventing chaos
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