This proposal originally appeared on Balancer's forum.

As outlined in the updated whitelisting process, this is a proposal to increase the DOUGH capTier from cap1 to cap2 ($1M -> $3M).

The Proposal

The total adjusted liquidity of DOUGH has reached almost $5M, well over the imposed cap of $1M. The cap should be raised in order to distribute a more equal share of BAL tokens to DOUGH pools via liquidity mining.

What is DOUGH?

DOUGH is the governance token of PieDAO, a creator of tokenized ETFs which was among the earliest builders of Balancer smart pools. DOUGH is the building block of the DAO. Owning DOUGH makes you a part of the organisation, giving voting rights in all decisions. It’s not just about governance, DOUGH holders are also entitled to a revenue stream from fees generated by the protocol.