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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-430] Enable Layer Zero Cross Chain Boosts on Base

Voting ended over 2 years agoSucceeded

PR with Payload https://github.com/BalancerMaxis/multisig-ops/pull/507

Motivation

With the recent move to enable the first wave of gauges on Base, it makes sense for cross chain boosts to be active on the network. As Base picks up steam, users will have an interest in receiving boost which will increase demand for veBAL. This also meets the status quo for all networks Balancer is deployed on, making the tokenomics homogenous for all network deployments.

Specification:

The DAO Multisig Base:0xC40DCFB13651e64C8551007aa57F9260827B6462 will interact with the Authorizer 0x809B79b53F18E9bc08A961ED4678B901aC93213a calling grantRole with the following arguments:

role: 0x033f3ebfdc58141797e7786a8115159707118fe37ae8f6d7b98929e4465349fb

which corresponds to the role for calling setDelegation on the l2-ve-delegation-proxy, verifiable here.

account: 0xC40DCFB13651e64C8551007aa57F9260827B6462

This grants the ability for the DAO Multisig to call that function.

The DAO Multisig Base:0xC40DCFB13651e64C8551007aa57F9260827B6462 will interact with the l2-ve-delegation-proxy 0xD87F44Df0159DC78029AB9CA7D7e57E7249F5ACD calling setDelegation with the following argument:

0xE42FFA682A26EF8F25891db4882932711D42e467

which corresponds to the l2-veboost-v2 contract.

The DAO Multisig Base:0xC40DCFB13651e64C8551007aa57F9260827B6462 will interact with the Authorizer 0x809B79b53F18E9bc08A961ED4678B901aC93213a calling renounceRole with the following arguments:

role: 0x033f3ebfdc58141797e7786a8115159707118fe37ae8f6d7b98929e4465349fb

which corresponds to the role for calling setDelegation on the l2-ve-delegation-proxy, verifiable here.

account: 0xC40DCFB13651e64C8551007aa57F9260827B6462

This removes the ability for the DAO Multisig to call that function.

Off-Chain Vote

Yes, let's do it
3.31M veBAL100%
No, this is not the way
4.56 veBAL0%
Abstain
633.04 veBAL0%
Quorum:166%
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Discussion

Balancer[BIP-430] Enable Layer Zero Cross Chain Boosts on Base

Timeline

Sep 14, 2023Proposal created
Sep 14, 2023Proposal vote started
Sep 18, 2023Proposal vote ended
Mar 16, 2026Proposal updated