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[BIP-28] Approve bETH design and deployment

Voting ended about 3 years agoSucceeded

Summary This proposal aims to agree the implementation of bETH, a basket of liquid staked ETH tokens.

Background Bao needs an interest-bearing Ethereum token to use as collateral for baoUSD, and in future baoETH. A basket of liquid-staked ETH derivatives (LSDs) would encourage the adoption of a healthy balance of liquid-staking providers whilst minimizing risk to the solvency of our synthetics simultaneously. It can also be a good product on its own, allowing other communities to adopt it instead of a single LSD.

Goals Create the best interest-bearing Ethereum collateral possible. Provide an easy way for the crypto community to diversify between liquid staking providers

Detailed solution is explained here : https://gov.bao.finance/t/bip-28-approve-beth-design-and-deployment/1211

Off-Chain Vote

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10.32M veBAO100%
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0 veBAO0%
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Discussion

baovotes.eth[BIP-28] Approve bETH design and deployment

Timeline

Jan 15, 2023Proposal created
Jan 15, 2023Proposal vote started
Jan 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated