Recently, there are two consecutive proposals (poll 169 & 173) targeting some specific mAssets (mDOT & mBTC). The proposal suggested to reduce the reward weighting for these two mAssets to 0.01. Passing of these two proposal is detrimental to the general healthy development of Mirror/Terra ecosystem and should be reversed or defeated.
Out of near 30 listed mAssets, only 3 (mDOT, mBTC & mETH) can be minted 24x7; the rest can only be minted during stock market hours. Reducing the weighting for these assets would take away the incentives for the Mirror-protocol users to mint these assets, dramatically reduce total time window available for the users to mint mAssets, hurting the trading volume of mirror-protocol and Terra ecosystem in general.
The wallet creating these ill-intended proposals apparently have ZERO interest in improving MIR/LUNA ecosystem as a whole. The majority of its holdings are delta-neutral position of mIAU, mSLV and several other equity mAssets. It holds 0 LUNA coins and only a tiny 0.3% worth of MIR tokens (not-yet-sold MIR reward from short farming). It holds all of its long-farm position in the Spectrum protocol, which would continuously sell the reward MIR tokens and cause falling MIR price. Obviously, the ultimate intention of this creator is to use delta-neutral strategy to milk MIR rewards, and direct the majority of MIR rewards to only those mAssets of his holldings. If we allow this madness of re-weighting to continue, the next target could be mETH, and could be any mAssets not in its holding.
Please, MIR holders please be alerted and see the detrimental effects of the poll #169 & 173 to the general health of Mirror ecosystem. Please revert poll 169 & vote No for poll #173.