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BalancerBalancerby0xcc6A949DB9b26a7173648d50Cf7C55e800E6585B0xcc6A…585B

Proposal: Increase PERP capTier from cap1 to cap2 ($1m -> $3m)

Voting ended almost 6 years agoSucceeded

This proposal is also on Balancer's forum.

Based on updated whitelist, this proposal is to increase PERP from cap 1 to cap 2. PERP currently has 12.8M in liquidity

What is PERP Perpetual is a new project that could bring a lot of trading volume to balancer. They provide perpetual futures contracts that are based in USD. This is different to protocols such as dydx where the base token may be in ETH or a native token traded - this is a massive differentiation point given a lot of the large trading volume exchanges such as Bitmex, binance and deribit denominate in USD.

The PERP token is planned to have distributions back to token holders through a percentage of trading fees which provides a mechanism to encourage trading volume

Off-Chain Vote

Increase PERP cap to $3M
37.2K 100%
Keep PERP cap at $1M
0 0%
Download mobile app to vote

Timeline

Sep 26, 2020Proposal created
Sep 26, 2020Proposal vote started
Sep 27, 2020Proposal vote ended
Jan 23, 2024Proposal updated