Minterest FAQ

Governance rewards (aka. BuyBack)

What is BUYBACK?

The protocol automatically exchanges all captured fee values for its native MNT token which it distributes to protocol users who participate in protocol governance. When opting to participate in governance, Minterest token holders stake their MNT tokens in the protocol’s governance processes, in order to participate in voting on all governance proposals. Staked MNT enables voting rights on key proposals where the number of tokens a user stakes determines the voting weight for each user. Participation in governance voting is further incentivized through the distribution of MNT rewards from the Minterest Buy Back feature and users must participate in governance at least once every 6 months to continue to stake.