Onboard Fire Eyes DAO as Strategic Partner

Summary

This proposal outlines a collaboration between the Balancer Protocol and 🔥 _ 🔥 (Fire Eyes DAO) to act as a governance steward and strategic partner to the Balancer ecosystem in return for 4,200 BPT tokens vested over 18 months, including a 6 month cliff.

Background

Since November 2020, Fire Eyes has been actively engaging with Balancer governance and working with Balancer Labs to steward the Balancer V2 launch. You can read about the work here, but below are some highlights:

• Assisted with the Balancer V2 Launch
• Established the V2 liquidity mining program
• Implemented the govFactor in Balancer V1
• Adding BAL to Aave

🔥_ 🔥 has always been focused on working alongside communities and projects that we believe are capable of achieving new heights of innovation in token and governance primitives.

This is something we see in Balancer and why we're excited to present this proposal to the Balancer community outlining a continued scope of work.

Key Areas

🔥_ 🔥 Fire Eyes DAO will engage with the Balancer community, the Ballers, and Balancer Labs in recurring meetings to develop new governance and token frameworks. This collaboration will be focused on:

• BAL Tokenomics
  • Work with the community to finalize and implement a strategy for the BAL token to expand beyond governance, including potential ways for value capture and benefits for LPs.
• Acting as Balancer Protocol Politicians
  • Develop new governance proposals and lead discussions on improving the Balancer protocol, and generating value for the ecosystem.
  • Propose BAL and BPT token integrations into other DeFi protocols
• Partnerships
  • Help onboard new partners for Liquidity Bootstrapping Pools, Balancer Smart Pools, and other protocol-unique applications like Aave Safety Modules.
• Balancer Market Position & Narrative
  • Continue to develop the narrative of Balancer v2, asset managers, and protocol-unique applications.

These key areas will be worked on with 🔥_ 🔥 and the Balancer community through bi-weekly workshops, forum posts, Discord activity & governance proposals.

Timeline

This proposal outlines a general timeline of 6 months and a commitment from 🔥_ 🔥 to support Balancer as a protocol politician beyond the initial scope.

Terms

🔥_ 🔥 is proposing to be compensated exclusively in BAL tokens vested in accordance with grants larger than 1,000 BAL. This allocation will come from the Ecosystem Fund. Following community discussions, we've reduced the initial allocation and increased the vesting period to further align ourselves with community expectations.

• Grant Request: 4,200 BAL in BPT tokens, vested over 18 months with a 6 month cliff.

Fire Eyes will utilize this allocation to actively participate in Balancer governance and for liquidity on Balancer V2.

🔥_ 🔥 Squad & Experience

• Skills: Governance, Community, Token Design, Project Strategy.
• Humans:
  • Cooper Turley: Strategy at Audius, Advisor at Variant Fund, Operator at Friends with Benefits
  • James Waugh: Founder Axia Labs focused on Token/Mechanism Design, Contributor MetaCartel and MetaCartel Ventures
  • Lucas Campbell: Senior Editor at Bankless and Operations at Bankless DAO
  • Callum Gladstone: Operations at MetaCartel Ventures and DAOhaus, Token & DAO design at Axia Labs

Fire Eyes has had the pleasure of working with amazing teams across the DeFi and broader crypto ecosystem including Aave, Gitcoin, Rocket Pool and others.

Conclusion

🔥 _ 🔥 is requesting a one-time grant of 4,200 BPT vested over 18 months, including a 6 month cliff to act as a strategic partner and active governance participant to the Balancer Protocol.

At the end of the 6 month period, this engagement can be reassessed and evaluated for future extensions.

Balancer finds itself in a unique position to differentiate itself in a growing battle for capital efficiency and we want to help with that narrative. We look forward to discussing this proposal with the Balancer community and collaborating in the future.

🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥⚖️🔥