[HIP-3] Whitelisting Beluga.fi (Arbitrum/Fantom/Moonriver)

This proposal is to vote for the request to whitelist Beluga.fi in Hundred's (HND) "Whitelist" contract, allowing Beluga to participate in locking HND permanently to boost its gauge maximizer vaults.

Background

• Beluga.fi (BELUGA) is a yield maximizer protocol that deploys stacked yield strategies to maximize yields for its users. A key product of Beluga is its boosted maximizer vaults which stacks yield and accumulates veTokens to boost yields for its users.
• Beluga has previously integrated Hundred before in the form of its Hundred Boosted Maximizers on Fantom, alongside regular Hundred maximizer vaults.

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Abstract

• Beluga offers maximizer vaults that allows users to stake their Hundred gauge tokens to gain access to Beluga's veHND boost, alongside maximized yields on their gauge tokens from Beluga's yield stacking strategies.
• Beluga helps bootstrap liquidity for HND through its maximizers which provide risk-free entry into HND's LPs.
• Beluga will maximizer gauge yields for users with only a 3.5% performance fee being charged from HND rewards. Beluga will also lockup a percentage of the HND yield into veHND to boost Beluga's gauge yields.
• Beluga will offer incentives in the form of BELUGA tokens (Beluga.fi's governance token) on Harmony for supplying Hundred gauge tokens to bootstrap its boosts across all chains and allow for users to maximize their yield potential.

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Benefits to Hundred Finance

• Unlike autocompounding platforms, Beluga does not vampirically farm HND tokens. Instead of compounding, Beluga maximizes yield for Hundred users through supplying HND rewards as liquidity and paying out to users in autocompounding vault receipts of these LP tokens.
• Beluga will be offering quick-and-easy access to Hundred gauges through a future zap feature which will allow for Hundred to attract more TVL.
• Hundred users will be able to reap the benefits of Beluga's veHND boosts and low performance fees. Beluga's maximizers are also great for Hundred users who want to accumulate more HND as you maintain HND exposure from your yield with Beluga's maximizer vaults.

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Function of BELUGA:

• Governance over the Beluga protocol.
• Protocol cashflow/profitsharing via Beluga's single asset profitsharing vault which allows you to stake your BELUGA tokens for a share in the protocol's performance fees.

Notes & Resources:

• Beluga plans to offer its maximizer vaults for Hundred on all chains. Beluga is seeking whitelisting on all chains that Hundred supports to further expand its boosted maximizer offerings for Hundred.
• The whitelist will be applied to all the chains that veHND has been and will be deployed on.
• https://beluga.fi

Please cast your vote: 1 - YES, whitelist Beluga 2 - NO , do not whitelist Beluga