Whitelist Stake DAO to lock BAL tokens

This proposal appears on Balancer's forum

Project presentation: Stake DAO

TVL of the protocol: 630M$

Twitter: https://twitter.com/StakeDAOHQ 1

Discord: Discord

Summary:

Whitelist Stake DAO to allow the protocol to lock B-80BAL-20WETH, and create a liquid locker and the associated strategies.

Rationale

Stake DAO is a non-custodial platform built on top of decentralized protocols that enables anyone to easily grow their crypto portfolio, which recently released a new feature called the Liquid Lockers that will help accelerate the lock of tokens with a ve model.

It’s a new feature built for tokens with ve model allowing users to keep a liquid position while enjoying some yield and the associated voting power (which can both be boosted with veSDT)

The liquid locker will allow users to lock B-80BAL-20WETH and receive sdBAL, which can either be staked in the reward contract, or used to add liquidity in the strategy. sdBAL holders will be able to earn a native yield, vote or sell proposals & gauges boosted positions voting power, while keeping a liquid position.

The strategy will require a gauge for the sdBAL/B-80BAL-20WETH pool on Balancer, to ensure the liquidity of the token.

Furthermore, as other protocols have done it, Balancer could help seed the liquidity pool to ensure liquidity for sdBAL while generating revenues for Balancer.

Technical implementation:

Include sdBAL locker in the Smart Wallet Whitelist 0xea79d1A83Da6DB43a85942767C389fE0ACf336A5

Once the sdBAL/B-80BAL-20WETH pool is created, include it into the gauge controller