BPIR #1 : Whitelist Stake DAO to lock BPT on BlackPool

Voting ended over 3 years agoSucceeded

References/useful links for Stake DAO Website: https://stakedao.org/ Documentation: https://stakedao.gitbook.io/stakedaohq Medium: https://stakedaohq.medium.com/ Github Page: https://github.com/StakeDAO Communities:

Summary: This proposal aims to whitelist Stake DAO to allow the protocol to lock its acquired BPT tokens for veBPT and create the sdBPT liquid locker.

Rationale: The Stake DAO and BlackPool contributors and communities have been actively supporting one another through business development, marketing, and events for the past few weeks and months. The link between the two projects is very strong, and the communities and the contributors are very united. This proposal intends to strengthen even more the relationships between the two projects and to request the whitelisting of Stake DAO to lock BlackPool tokens (BPT).

Motivation: Stake DAO is a non-custodial platform built on top of decentralised protocols that enables anyone to easily grow their crypto portfolio, which recently released a new feature called the Liquid Lockers that will help accelerate the lock of tokens with a ve model. It’s a new feature built for tokens with ve model allowing users to keep a liquid position while enjoying yield and the associated voting power (which can both be boosted with veSDT). The liquid locker will allow users to lock BPT and receive sdBPT, which can be staked in the reward contract. sdBPT holders will be able to earn: native yield, a vote on proposals and gauges, boosted positions, voting power, while keeping a liquid position. The locker will require a gauge for the sdBPT/BPT pool on Curve, to ensure the liquidity of the token. Furthermore, as other protocols have done it, BlackPool could help seed the sdBPT/BPT liquidity pool to ensure liquidity for sdBPT.