MITH CASH V2 Is Here!

The MITH CASH team has worked around the clock to deliver V2 ahead of schedule! Migration to V2 will begin at 2000 GMT 2/26/2021

Recap of Key Features in V2:

  • Value reallocation to MISV2 holders when MICV2 is sold below peg
  • Move MICV2 to Curve Stableswap
  • Reward MIC-LP direct migration
  • Timeweighted boardroom
  • Tax for early withdrawal of rewards
  • Removal of MIB: Bonds are Phased Out
  • Tax External Vaults: All External Vaults are Blocked Now

And more here: https://sauron.gitbook.io/mith-cash/mith-cash-v2/v2-upgrades-at-a-glance

V1 to V2 Migration

How to migrate my MICV1 to MICV2?

  1. Approve first to allow the contract swap token for you.
  2. Click the SWAP button to exchange your MICV1 to MICV2.

The conversion ratio is:

Amount (MICV2) = Amount (MICV1) x Price (MICV1)

How to migrate my MIC-USDT LP?

  1. Go to the migration page then you can see MIC-USDT LP V1 to V2 window.
  2. Approve first to allow the contract swap token for you.
  3. You can choose to click the SWAP Locked button to exchange your LP token from V1 to V2, through locked mechanism (LP locked for minimum of 4 weeks), and you will receive significant MICV2 rewards based on the the rewards formula. This will make up for any MIC rebase reduction
  4. Or you can click SWAP Unlocked to migrate your LP without lock, without rewards

How to migrate my MISV1 to MISV2?

  1. Approve first to allow the contract swap token for you.
  2. Click the SWAP button to exchange your MISV1 to MISV2.

How to migrate my MIS-USDT LP?

  1. Approve first to allow the contract swap token for you.
  2. Click the SWAP button to exchange your LP token from V1 to V2.

Brand new V2 Boardroom

Now you can see Circulating MIC, MIC price, MIC Sell Value Reallocation fee, Scaling Factor, 24H TWAP on one page. MITH Cash V2 Boardroom has time weighted feature right now. The longer you stake, the more effective balance you get. A more effective MIS balance will bring you more MICV2 rewards just like Barnbridge model. Users can see there’s an extra MIC reward below with honey buckets.

Where to trade MICV2?

Note: When you sell MICV2 below $1 peg, you will be charged a fee. Fee calculation is available for view on mith.cash

How to start earning from MICV2 value reallocation? Stake your MIS in boardroom

Effective balance of staked MISV2 is calculated based on amount of time you’re staked in the boardroom within that particular seigniorage period (6 hours)

How to start earning MICV2 from seigniorages? Stake your MIS in boardroom

When is V2's first seigniorage?

Why are there honeybuckets below the boardroom rewards collection?

Brand new V2 Bank page

V2 Bank page: https://mith.cash/bank

We have moved the MICV2-USDT pool to Curve StableSwap but MIS-USDT pool remains on SushiSwap, but as there is a new token, the Sushiswap MISV2-USDT pool is new as well.

How do I add MICV2 liquidity?

How do I add MISV2 liquidity?

How do I earn MISV2 rewards?

The total supply of MISV2 is only 500K tokens!

The revised schedule of MISV2 rewards distribution is reduced and can be found here.

How do I migrate MIB to MICV2?

Community Vault Users

Once the deployment is complete, users will be able to continue earning the highest rewards while paying the lowest fees. Vault profits will support the ecosystem.

I have unanswered questions regarding V2. Where do I get them answered?

Join our Discord: https://discord.gg/EacqCKujT7