This proposal appears on Balancer's forum.

Introduction

Allow the Tribe DAO to vote-lock the BAL owned by their protocol into veBAL, and participate in governance on the Balancer DAO.

Motivation

The Tribe DAO currently holds the equivalent of ~270k BAL, which could be used in Balancer’s governance (see FIP-92 vote). This BAL comes partly from the treasury swap performed with the Balancer DAO in November 2021, and partly from BAL rewards earned in the liquidity mining program since then.

The Tribe DAO has a privileged relationship with the Balancer DAO (Turbo, Buybacks, Fuse Pool, and more to come), and vote-locking the protocol’s BAL seems like a logical next step.

Risks

The smart-contract used to vote-lock B-80BAL-20WETH into veBAL is immutable, and does not tokenize the deposits. It doesn’t do anything that an externally-owned account couldn’t do. Therefore, the risks are minimal.

The contract is deployed on mainnet and its source code can be consulted here : https://etherscan.io/address/0xc4EAc760C2C631eE0b064E39888b89158ff808B2

Specification

Whitelist 0xc4EAc760C2C631eE0b064E39888b89158ff808B2 to interact with the veBAL contract.