Vote 2a: Start GRO / USDC LBP

PROPOSAL SUMMARY

If executed, this proposal will take the following actions:

1. Approve the supply of GRO and USDC into the Balancer Liquidity Bootstrapping Pool being used for the Gro DAO Token launch (the LBP).
2. Supply GRO and USDC into the LBP in line with the parameters from Vote 1b.
3. Set up the pool as an LBP in line with the parameters from Vote 1b.
4. Initialise the LBP at around 16:00 UTC on Tuesday 28 September 2021.

PROPOSAL BACKGROUND

This is a proposal to execute additional on-chain steps needed to enact the outcome of the DAO vote in Vote 1b, which has voted for the Gro DAO Token to be launched using an LBP.

LBP DETAILS

Parameters for the LBP are set out in Vote 1b: LBP preparations which you can view on our Snapshot page: https://vote.gro.xyz/#/proposal/QmNpKgL55x7jtZgz4bcYpYheNaztWbCxkWqni4jAbJTeDW Additional information:

• Pool address (GROLBPT) : [0x64e2c43ca952ba01e32e8cfa05c1e009bc92e06c]

HOW WAS THIS PROPOSAL DISCUSSED?

This proposal was put together by early contributors behind the Gro protocol, in line with the early governance plans for Gro DAO. It has been shared and discussed on the Gro governance forum: https://community.gro.xyz/t/vote-2a-start-gro-usdc-lbp/28

PAYLOAD DETAILS

Payload 1 approves GRO and USDC amounts for the Balancer vault: 0x3Ec8798B81485A254928B70CDA1cf0A2BB0B74D7.approve(0xBA12222222228d8Ba445958a75a0704d566BF2C8, 5000000000000000000000000) 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.approve(0xBA12222222228d8Ba445958a75a0704d566BF2C8, 2650000000000)

Payload 2 runs joinPool() to supply GRO and USDC into our LBP pool: 0xBA12222222228d8Ba445958a75a0704d566BF2C8.joinPool(0x64e2c43ca952ba01e32e8cfa05c1e009bc92e06c00020000000000000000009b, 0x359F4fe841f246a095a82cb26F5819E10a91fe0d, 0x359F4fe841f246a095a82cb26F5819E10a91fe0d, ([0x3Ec8798B81485A254928B70CDA1cf0A2BB0B74D7, 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48], [5000000000000000000000000, 2650000000000], (0, [5000000000000000000000000, 2650000000000]), false))

Payload 3 runs updateWeightsGradually() on our pool to enable it as an LBP where weights decline over our time period: 0x64e2c43ca952ba01e32e8cfa05c1e009bc92e06c.updateWeightsGradually(1632844800, 1633104000, [500000000000000000, 500000000000000000])