MIP-18

Map Improvement Proposal 18: Incentives for On-Chain Liquidity Vault

Summary

MIP-18 authorized 750,000 HONEY in promotional incentives for a liquidity vault on Kamino to improve on-chain HONEY liquidity.

Timeline

• Proposal: Published (Nov. 7, 2024)

• Comment Period: Complete (Nov. 14, 2024)

• Outcome: Finalized (Nov. 15, 2024)

Detailed Changes

MIP-18 authorized 750,000 HONEY in promotional incentives for a liquidity vault on Kamino to improve on-chain HONEY liquidity. In line with contributor input, the vault supported a JITOSOL (staked SOL) pair on Orca that went live on Friday, Nov. 22, 2024.

28,000 HONEY per week of incentives were issued until Feb. 22. After a review of liquidity vault performance at the three-month mark, the Hivemapper Foundation decided to continue providing HONEY incentives through March 31, 2025, with the pool of HONEY incentives increasing from 28,000 HONEY per week to 30,000 HONEY per week.