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BalancerBalancerby0x512fce9B07Ce64590849115EE6B32fd40eC0f5F3Solarcurve

Allow Whitelist tetuBAL in Balancer VotingEscrow

Voting ended almost 4 years agoSucceeded

This proposal appears on Balancer's forum

Summary

This is a proposal to hear from the Balancer community about the whitelisting of Tetu contracts for the new product being developed, which is called tetuBAL.

What is tetuBAL?

tetuBAL is the liquid version of veBAL being developed by Tetu. Each tetuBAL represents veBAL locked forever in a 1:1 ratio.

With tetuBAL users will be able to:

  • Deposit 80/20 BAL and ETH on veBAL forever in exchange for tetuBAL.
  • Sell tetuBAL for BAL in the liquidity pool.
  • Participate in governance votes using dxTETU to target Balancer emissions.
  • Exposure to veBAL that is on the Ethereum network with a low cost of gas due to the aggregation of assets.
  • veBAL rewards earnings from the maximum 1 year locking period, swap fees, and protocol fees while receiving the boost that is only available on Ethereum.

Governance

All governance discussions take place through Discord, if there is an implicit community consensus the proposal is carried out and dxTETU holders can vote. Eventually, when the will of the community is unclear, draft proposals are submitted for review and amendment prior to publication of the original proposal.

Audits and Security

All audits can be found here https://docs.tetu.io/tetu-io/security/audits

Tetu's security features are 48 hours Time lock and MultiSig Wallet, more information can be seen in the docs. Tetu uses security best practices such as rigorous testing before implementing new code.

Links

Website https://app.tetu.io/

If this vote passes, the DAO Multisig eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will initiate a transaction with 0x7869296Efd0a76872fEE62A058C8fBca5c1c826C calling the function allowlistAddress with the argument 0x9cC56Fa7734DA21aC88F6a816aF10C5b898596Ce

Off-Chain Vote

Yes, let's do it
178.22K veBAL93.7%
No, this is not the way
12K veBAL6.3%
Quorum:190%
Download mobile app to vote

Discussion

BalancerAllow Whitelist tetuBAL in Balancer VotingEscrow

Timeline

May 05, 2022Proposal created
May 05, 2022Proposal vote started
May 08, 2022Proposal vote ended
Apr 19, 2025Proposal updated