Wagmi
  • Wagmi
  • About Wagmi
    • Our Mission
    • Our Vision
    • Our Values
    • Wagmi name origin - the meme
  • Discover What We Do
    • Unique features
    • Our Team
    • Our Glossary
    • Token warnings
  • WAGMI token
    • Token contracts
    • Token staking
    • Token bridge
    • Token Economics
  • Protocol Mechanics
    • GMI
      • How to enter GMI
      • GMI Vesting - NGMI
      • mGMI
    • Strategies
      • Joining the Strategies
    • Wagmi leverage
      • Leverage guide - opening the position
      • Leverage guide - providing liquidity
      • Error examples
    • V3 liquidity pools
      • Unsupported token types
      • Providing liquidity
  • Network guides
    • Metis Andromeda Guide
    • Kava EVM Guide
    • Iota EVM Guide
  • Contracts
    • Factory
  • Fees
  • Governance
  • Community Links
  • Brand kit
  • Audits
  • Bella
    • Dice game rules
    • Special events
    • How to play
    • Game ended - what next?
  • Coinmarketcap listing
  • Coingecko request
Powered by GitBook
On this page
  1. Protocol Mechanics
  2. GMI

mGMI

Description of mGMI - maybe gonna make it

PreviousGMI Vesting - NGMINextStrategies

Last updated 1 year ago

With leverage, we are introducing the mGMI feature.

mGMI is currently available on the Kava and Metis networks.

Unlike GMI, where users join with WLP pairs supported by Wagmi strategies, here users can join with single assets such as Ethereum, Metis, Wagmi, and USDT.

Once there is a sufficient amount of assets in mGMI, a governance vote will be held where users decide on the deployment of assets into LPs.

For instance, the team will decide to use 1M USD of mGMI deposits for strategies involving 50% blue-chip assets, 25% mid-tier assets, and 25% highly volatile assets.

A governance vote will be held to support or decline such a decision.

All fees generated within mGMI are then split between mGMI holders, similar to GMI.