MCCP 21: Stake BPT staked in mStable into Balancer Staking contracts

It is proposed to upgrade mStable’s staking contracts to support staking MTA/ETH BPT tokens currently staked on mStable into Balancer’s new staking contracts for continued BAL rewards.

MTA/ETH stakers taking part in mStable’s governance can continue receiving BAL rewards which have transitioned into a staking model. Furthermore, continued LM rewards will increase buy pressure to support MTA’s token price, and an increased upside to the MTA price would support our own ecosystem incentives.

To implement this change, the mStable MTA/WETH Staking BPT (mBPT) that is held in the Staking Token BPT (stkBPT) contract would be deposited into the new Balancer mBPT Gauge Deposit (mBPT-gauge).

Links

• RFC: Stake BPT staked in mStable into Balancer Staking contracts
• Proposal: MCCP 21: Stake BPT staked in mStable into Balancer Staking contracts
• Discussion: MCCP 21: Stake BPT staked in mStable into Balancer Staking contracts

Should the staking contract be upgraded to allow the deposit of BPT into Balancer’s new staking contracts as proposed in MCCP 21?