{"id":31,"date":"2022-05-30T01:55:16","date_gmt":"2022-05-30T01:55:16","guid":{"rendered":"https:\/\/blog.maplabs.io\/?p=31"},"modified":"2022-06-15T15:02:18","modified_gmt":"2022-06-15T15:02:18","slug":"map-protocol-governance-voting","status":"publish","type":"post","link":"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/","title":{"rendered":"MAP Protocol Governance Voting\ufffc"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n\n\n

In terms of voting, there are two types of approaches in the market:
1. Voting with lock-up and
2. Voting provided with address snapshot without lock-up.<\/strong><\/p>\n\n\n\n

Considering the market value, voting with lock-up is beneficial to community users in the long term; however, it makes users bear the risks of price fluctuations on MAP tokens. how to solve this problem?<\/p>\n\n\n\n

The core development team of MAP proposed to cooperate with Idavoll and create lock-up voting with their advanced technological modules. The mechanism provided by Idavoll will not affect the liquidity of community users and it can add modules for MAP token derivatives.<\/p>\n\n\n\n

The details are as follows:<\/h3>\n\n\n\n


1. Users deposit MAP tokens into the Idavoll staking module, which lasts for 90 days each term. Users can stake again for the next term.<\/p>\n\n\n\n

2. Users will get 12% APY of the lock-up tokens.<\/p>\n\n\n\n

3. Meanwhile, users will get an XMAP as a voucher.<\/p>\n\n\n\n

4. Each XMAP will automatically generate one GMAP (governance MAP) and one YMAP (yield MAP). GMAP is a voting token, while YMAP is a yield token.<\/p>\n\n\n\n

5. Users can participate in any governance events by owing GMAP tokens.<\/p>\n\n\n\n

6. Users who do not want to go through the above procedure but want to participate in governance can buy GMAP directly from Hiveswap.<\/p>\n\n\n\n

7. HiveSwap will list XMAP\/MAP pair to ensure the users\u2019 MAP lock-up that they can freely transact the MAP tokens (theoretically, XMAP contains 12% of APY, and the price will be 12% higher than the MAP price).<\/p>\n\n\n\n

8. HiveSwap will list XMAP\/GMAP pair. The initial price is set as 1GMAP = 0.2 XMAP. It will fluctuate with the market.<\/p>\n\n\n\n

9. HiveSwap will list XMAP\/YMAP pair. The initial price is set as 1YMAP = 0.8 XMAP. It will fluctuate with the market.<\/p>\n\n\n\n

10. If users want to withdraw their MAP tokens from the staking pool, they can combine GMAPs and YMAPs in a 1:1 ratio and get the corresponding XMAPs. Then, users can use XMAPs to swap MAP tokens.<\/p>\n\n\n\n

11. Users need to swap MAP tokens into ETHs or USDCs on HiveSwap.<\/p>\n\n\n\n

12.The MAP Protocol team has 33% of the voting rights for each proposal.<\/p>\n\n\n\n

Reward proposal:<\/h3>\n\n\n\n


1. Voting governance, MAP staking, 90 days, APY 12%.
2. Add XMAP\/MAP pair with APR 5%.
3. Add YMAP\/XMAP pair and GMAP\/XMAP pair with APR 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"

In terms of voting, there are two types of approaches in the market:1. Voting with lock-up and2. Voting provided with address snapshot without lock-up. Considering the market value, voting with…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[17,19,20,18,9],"yoast_head":"\nMAP Protocol Governance Voting\ufffc - Map Protocol Blog<\/title>\n<meta name=\"description\" content=\"The core development team of MAP proposed to cooperate with Idavoll and create lock-up voting with their advanced technological modules.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MAP Protocol Governance Voting\ufffc - Map Protocol Blog\" \/>\n<meta property=\"og:description\" content=\"The core development team of MAP proposed to cooperate with Idavoll and create lock-up voting with their advanced technological modules.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/\" \/>\n<meta property=\"og:site_name\" content=\"Map Protocol Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T01:55:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T15:02:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/miro.medium.com\/max\/1120\/1*T-58CsRrDmjEfgletYgUqw.jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MapProtocol\" \/>\n<meta name=\"twitter:site\" content=\"@MapProtocol\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/#organization\",\"name\":\"Map Protocol\",\"url\":\"https:\/\/www.mapprotocol.io\/blog\/\",\"sameAs\":[\"https:\/\/t.me\/MAPprotocol\",\"https:\/\/open.kakao.com\/o\/gP9WduRb\",\"https:\/\/twitter.com\/MapProtocol\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.maplabs.io\/blog\/wp-content\/uploads\/2022\/06\/\u9ed1-\u7ad6\u7248.png\",\"contentUrl\":\"https:\/\/www.maplabs.io\/blog\/wp-content\/uploads\/2022\/06\/\u9ed1-\u7ad6\u7248.png\",\"width\":572,\"height\":246,\"caption\":\"Map Protocol\"},\"image\":{\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/#website\",\"url\":\"https:\/\/www.mapprotocol.io\/blog\/\",\"name\":\"Map Protocol Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mapprotocol.io\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/#primaryimage\",\"url\":\"https:\/\/miro.medium.com\/max\/1120\/1*T-58CsRrDmjEfgletYgUqw.jpeg\",\"contentUrl\":\"https:\/\/miro.medium.com\/max\/1120\/1*T-58CsRrDmjEfgletYgUqw.jpeg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/#webpage\",\"url\":\"https:\/\/www.mapprotocol.io\/blog\/map-protocol-governance-voting\/\",\"name\":\"MAP Protocol Governance Voting\ufffc - 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