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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-408] Change Passive Fee Distribution

Voting ended over 2 years agoSucceeded

Motivation

Currently passive protocol fees are paid in bbaUSD to veBAL holders. With the recent issue bbaUSD has been deprecated with no firm timeline on when it will reappear. Thus it is prudent to begin paying passive fees in USDC.

Specification

No particular on chain execution is required. Maxis will make necessary changes in our operational procedures. USDC will be paid starting August 31st.

Off-Chain Vote

Yes, let's do it
3.27M veBAL100%
No, this is not the way
0.03 veBAL0%
Abstain
0.27 veBAL0%
Quorum:163%
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Discussion

Balancer[BIP-408] Change Passive Fee Distribution

Timeline

Aug 23, 2023Proposal created
Aug 24, 2023Proposal vote started
Aug 28, 2023Proposal vote ended
Feb 16, 2026Proposal updated