I. Changes to Product-Specific Revenue Distribution Percentages and Recipients

Redirect protocol revenue bribe weights from wBLT-BMX to wBLT-USDC as follows:

• Classic: currently 30% to wBLT-BMX would change to 25% to wBLT-USDC and 5% to single staking BMX (from 10% total Classic revenue for single staking to 15%)
• Freestyle: currently 40% to wBLT-BMX would change to 35% to wBLT-USDC and 5% to single staking BMX (from 20% total Freestyle revenue for single staking to 25%)
• Based MediaX: currently 25% to wBLT-BMX would change to 20% to wBLT-USDC and 5% to single staking BMX (from 50% total Based MediaX revenue for single staking to 55%)



These changes will be mirrored for products on Mode, with wMLT-BMX and wMLT-USDC.

II. Incentive Changes for Native Liquidity Providers: wBLT-BMX & wMLT-BMX

A. Native LP vault: BMX will immediately launch a native vault allowing wBLT-BMX LPs to unstake from the Aerodrome gauge and simply restake their wBLT-BMX LP token into this native vault on BMX’s UI. This vault would:


• harvest all AERO directed to the gauge from fees and votes on Aerodrome


• distribute the harvested AERO to depositors (mirroring the gauge functionality)

• allow for native incentives to be streamed to depositors (if a wBLT-BMX LP does not stake in the vault and remains staked in the Aerodrome gauge independently, they would be forfeiting these additional incentives).

B. Distribute 500 BMX per week for 1 year from Treasury to the Base Native LP Vault (Total: 26,000 BMX): This is Base-specific and would not be implemented on Mode. This amount is in addition to any BMX directed to the vault as part of the new 16-week incentive campaign described in detail below.



C. Direct all backlogged native liquidity incentives to the native LP vault over 4 weeks: The new Aerodrome/Velodrome guidelines have prevented portions of protocol revenue and BMX emissions (from Get Loud) from being bribed given the guideline’s incentive limits. These incentives would be streamed to the chain-correlated native LP vault across 4-weeks; values are detailed below:

Aerodrome guidelines leftover amounts:

• 26.11.2024: 1,800 BMX
• 03.12.2024: 2,190 BMX
• 10.12.2024: 4,500 BMX and 2.5697 ETH 



Velodrome guidelines leftover:

• 26.11.2024: 0.1034 ETH
• 03.12.2024: 0.0483 ETH
• 10.12.2024: 0.0245 ETH

D. Treasury will continue voting for wBLT-BMX and wMLT-BMX on Aerodrome and Velodrome and work with partners whose assets are included within BLT or MLT to vote for BLT/MLT pairs on Aerodrome and Velodrome.

III. Launch “Ready, Set, GO!” ending “Get Loud” (Base only-- additional incentives on Mode are out of scope for this proposal but could be considered in the future)

Duration: 16-week native incentive campaign with the following details:

• Distribution 1: wBLT-BMX; 16,000 BMX incentivized to native (new) LP vault.
• Distribution 2: wBLT-USDC: 16,000 BMX incentivized as bribes on Aerodrome.
• Distribution 3: BMX Classic trader incentives: 8000 BMX.
• Distribution 4: BMX Freestyle trader incentives: 8000 BMX.
• Distribution 5: Based MediaX Top-10 traders by volume (including veAERO sales): 8000 BMX.
• Distribution 6: Single Stakers: 5.25 wETH from Retro-PGF 4 OP (sold to wETH).

Total BMX: 56,000.

If passed, the expected outcomes from this proposal are:



1. Increased BLT & MLT liquidity through bribe support for wBLT-USDC and wMLT-USDC pairs. As BLT & MLT liquidity rises, protocol revenue scales exponentially.
2. Increased BMX single-staking revenue share percentages.
3. Rebalance product-specific revenue distribution percentages and recipients to achieve (1) and (2) while also responding to the new Aerodrome guidelines which remove our ability to bribe our native liquidity pool: wBLT-BMX.
4. Continue to adamantly support wBLT-BMX LPs through a natively deployed LP vault which will harvest AERO from the Aerodrome gauge (generated through votes and fees) and also allow for protocol-streamed rewards such as BMX, wETH, or other bluechip tokens.
5. Launch “Ready, Set, GO!” a new 16-week native incentive campaign in response to the changes above, ending the current Get Loud campaign early.