Proposal Types

Governance proposals on the Mirror Protocol can come in a variety of formats. There are four main categories of governance proposals: Asset Listing, Reward Distribution, Parameter Modification, and Suggestion / Others.

Asset Listing

1. Suggest Asset Whitelisting

The full process of getting a new asset to be fully operational on the Mirror Protocol is described here.

The function of this proposal is to start a poll to whitelist a new asset. Given that this is a simple text proposal, there are a few fields that need to be filled. The Asset Name, Ticker, Listed Exchange, and Reason for listing are required. The length of the description field is limited to 1024 bytes. It is suggested that additional information be added on a separate web page and linked to using the Information Link field.

Information that would be necessary for a voter to make informed decisions should be clearly stated in addition to reasons for listing this asset and the asset name and ticker. For example, simply stating:

Google should be listed because it is a popular stock

has numerous problems. First, the specific exchange that the price feed should be taken from is not clearly stated (many companies are dual-listed). Second, Google actually has two stocks that are publicly traded: GOOGL and GOOG (the former has voting rights whereas the latter does not). In addition, the official name registered with NASDAQ is not Google but rather Alphabet Inc. Thus it is extremely important to make it as clear as possible to others about the asset that you intend to whitelist.

Field	Description	Type
Asset Name	Name of the asset to be whitelisted	Required
Ticker	Ticker of asset to be whitelisted	Required
Listed Exchange	Exchange that the underlying asset trades on	Required
Reason for listing	Short description of whitelist reason	Required
Information Link	External URL for further information	Optional
Suggested Oracle	Oracle provider or address	Optional

2. Register Whitelist Parameters

If a proposal to whitelist is approved, another poll must be passed to set the parameters of the newly listed asset. The required fields include Title, Description, Asset Name, Symbol, Oracle Provider, Auction Discount, and the Minimum Collateral Ratio. Again, it is advised to include reference to the passed whitelist poll as well as reasoning for choosing the given oracle address. Given that the Mirror Protocol is in its early stages, it is advisable to keep the parameters equal to existing parameters for already listed assets (Auction Discount at 20%, and Minimum Collateral Ratio at 150%).

Oracle Provider can only be chosen among the ones that are listed on Oracle Hub contract. Originally, mAsset prices are provided by Band Protocol feeder, but other sources can be whitelisted to Oracle Hub contract through Mirror Governance.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of the poll	Required
Information Link	External URL for further information	Optional
Asset Name	Name of the asset to be whitelisted	Required
Symbol	Ticker to be used on Mirror Protocol without the m prefix (ex. AAPL instead of mAAPL)	Required
Reference Poll ID	Poll ID of referenced poll (ex. whitelisting poll)	Optional
Oracle Provider	Droplist of available oracle provider for a given symbol . The droplist will appear once the symbol field is entered correctly.	Required
Auction Discount	Discount ratio applied during CDP liquidation auction	Required
Minimum Collateral Ratio	Minimum collateral ratio applied when opening a mint position	Required

3. Suggest Pre-IPO Asset

The function of this proposal is to start a poll to whitelist an asset which is scheduled to go through an initial public offering (or IPO), but is not publicly listed yet. Similar to the "Suggest asset whitelisting" proposal, this is also a text proposal. Fields that need to be filled are Asset Name, Ticker, Listed Exchange, and Reason for listing. It is suggested that additional information on the IPO or supporting information to be added using the Information Link field.

Field	Description	Type
Title	Name of the asset to be whitelisted	Required
Reason for listing	Short description of whitelist reason	Required
Asset Name	Name of the asset to be whitelisted	Required
Symbol	Ticker of the asset to be whitelisted	Required
Listed Exchange	Exchange which the underlying asset will be traded on	Required
Information Link	External URL for further information	Optional
Suggested Oracle	Oracle provider or address	Optional

4. Register Pre-IPO Parameters

After the proposal to suggest Pre-IPO asset is approved, an additional poll to register the asset to Mirror Protocol must be submitted and executed.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of whitelist reason	Required
Information Link	External URL for further information	Optional
Asset Name	Name of the asset to be whitelisted	Required
Symbol	Ticker of the asset to be whitelisted (without the m prefix)	Required
Reference Poll ID	Poll ID of the referenced poll	Optional
Listed Exchange	Exchange which the underlying asset will be traded on	Required
Oracle Provider	Droplist of available oracle provider for a given symbol . The droplist will appear once the symbol field is entered correctly.	Required
Auction Discount (after IPO)	Discount ratio applied during CDP liquidation auction for Post-IPO asset	Required
Min collateral ratio (after IPO)	Minimum collateral ratio to be used for mint operations for Post-IPO asset	Required
Min Collateral Ratio (during mint period)	Collateral ratio to be applied during mint_period	Required
Mint Period	Number of seconds which mint operation will be allowed for Pre-IPO asset	Required
Pre-IPO Price	Fixed price decided by official IPO registration statement, which will be used for Pre-IPO asset	Required

5. Delist Asset

Specific mAsset on Mirror Protocol is delisted upon approval and execution of this poll. More information about delisting can be found here.

Field	Description	Type
Title	Name of the asset to be whitelisted	Required
Description	Short description of whitelist reason	Required
Information Link	External URL for further information	Optional
Asset Name	Droplist of mAsset on Mirror Protocol	Required

Reward Distribution

This category allows modification of two types of MIR distribution: 1) mAsset LP staking reward; 2) Governance voting reward.

1. Modify mAsset Reward Distribution

Through this poll, the ratio which newly minted MIR tokens are distributed among LP token stakers, called weight parameter can be changed. To learn how weight parameter determines the amount of MIR distributed to each mAsset pool refer to this document.

Field	Description	Type
Title	Name of the asset to be whitelisted	Required
Reasons for modifying weight parameter	Short description of whitelist reason	Required
Information Link	External URL for further information	Optional
Asset	Droplist of mAsset on Mirror Protocol, which to change weight parameter for	Required
Weight	Weight parameter to be applied for LP staking reward distribution	Required

Parameter Modification

This poll category allows modification of mAsset, governance contract, collateral and premium tolerance parameters in Mirror Protocol.

1. Modify mint parameters

Through this poll, the existing Mirror Protocol parameters for a specific individual mAsset can be modified. The possible parameters to be updated consist of either the Auction Discount and the Minimum Collateral Ratio.

Field	Description	Type
Title	Title of the poll	Required
Reasons for modifying mint parameters	Short description of the poll	Required
Information Link	External URL for further information	Optional
Asset	Name of the asset to modify parameters	Required
Auction Discount	Discount ratio applied during CDP liquidation auction	Required
Minimum Collateral Ratio	Minimum collateral ratio applied when opening a mint position	Required

2. Modify governance parameters

Similar to modifying mint parameters, governance parameters such as the Effective Delay, and Voter Weight can be modified.

Fields	Description	Type
Title	Title of the poll	Required
Reason for modifying governance parameter	Short description of the poll	Required
Information Link	External URL for further information	Optional
Effective Delay	Length of delay before protocol integration for a passed poll (in units of seconds)	Optional
Voter Weight	Ratio of rewards to be distributed to governance voting participants	Optional

3. Modify poll parameters

This poll allows configuration modifications for default_poll types such as quorum, threshold , voting_period and proposal_deposit.

Due to sensitivity in contract migration polls, both migration and key authorization poll configurations cannot be modified through Mirror Web App UI.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of the poll	Required
Information Link	External URL for further information	Optional
Quorum	Minimum quorum required for accepting a poll (in percentage)	Optional
Threshold	Minimum percentage of YES votes to pass a poll (in percentage)	Optional
Voting Period	Length of poll (in units of seconds)	Optional
Proposal Deposit	Required deposit to start a poll (in units of MIR)	Optional

4. Modify collateral parameters

Through this poll, existing collateral's multiplier or oracle address can be modified.

Field	Description	Type
Title	Title of the poll	Required
Reasons for modifying collateral parameter	Short description of the poll	Required
Information Link	External URL for further information	Optional
Collateral (Asset)	Droplist of collateral types on Mirror Protocol, which to modify parameter for	Required
Multiplier	Number to be min_collateral_ratio of the asset being minted	Required
Collateral Oracle Feeder	Address of the collateral oracle used for this asset type	Required

Price Oracle

This category allows modification on price oracle settings and parameters.

1. Update Priority

This poll is to propose the priority settings of an mAsset’s price feed. For instance, if there are more than one price sources supporting a specific mAsset (i.e. Band Protocol and Chainlink), the proposer can create a poll to prefer one price source over another.

This poll can only be submitted when there is more than one price source for a chosen mAsset.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of priority change reason	Required
Information Link	Optional URL for further information	Optional
Asset	Droplist of mAssets on Mirror Protocol, which to change price priority for	Required
Priority	Drag & Drop field to put one price source over another. Sources are loaded only after the Asset field is selected.	Required

2. Remove Price

When there is a price source that is invalid or unnecessary (as decided by community consensus), the proposer of this poll can suggest removing a price source for an asset.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of price removal	Required
Information Link	Optional URL for further information	Optional
Asset	Droplist of mAssets on Mirror Protoco, which to change price priority for	Required
Priority	Droplist of prices currently being provided fro the chosen mAsset. The field may not be a droplist if there is only one price source.	Required

Suggestions / Others

1. Spend Community Pool

Proposals relating to spending the accrued MIR tokens in the community pool can be made under this section. The proposal should ideally specify the reasons for the distribution and identify the recipient and amount to be given.

Fields	Description	Type
Title	Title of the poll	Required
Reason for community pool spending	Short description of the poll	Required
Information Link	External URL for further information	Optional
Recipient	Grant recipient address	Required
Amount	Grant amount (in units of MIR)	Required

2. Text Poll

The function of the text proposal is to allow proposals that do not fit the defined categories. Given that it is a basic text proposal, simple fields for the Title, Description, and an Information Link for additional information.

Field	Description	Type
Title	Title of the poll	Required
Description	Short description of the poll	Required
Information Link	External URL for further information	Optional