TDP 37: Pre-approve BPT Locking & Voting for veBAL
It is proposed to pre-approve the lock of all current and future BPT that the Asset Management subDAO custodies in the veBAL staking contract in order to directly vote on the gauge and direct subsequent BAL rewards to the 80/20 MTA/WETH pool on Balancer v2. This is done to increase rewards for the mStable ecosystem.
This is a strict improvement over our current strategy that regularly compounds all accrued BAL rewards from our 80/20 BAL/WETH pool back into the position and leaves the BPT sitting in our multisig wallet.
Regarding the MTA/WMATIC/WETH Pool on Polygon, this vote will also ratify the proportions to which the voting power will be allocated to this pool.
Links
- RFC: Pre-approve BPT Locking & Voting for upcoming veBAL Tokenomics on Balancer
- Proposal: TDP 37: Pre-approve BPT Locking & Voting for veBAL
- Discussion: TDP 37: Pre-approve BPT Locking & Voting for veBAL
Should the BPT of the Asset Management subDAO be utilized as proposed in TDP 37 and if so, in which way?
Off-Chain Vote
Delegate to Ethereum Pool Only
4.47K vMTA0.1%
Delegate to Polygon Pool Only
0 vMTA0%
Both (75% ETH / 25% Polygon)
4.13M vMTA99.9%
Both (50% ETH / 50% Polygon)
0 vMTA0%
Both (25% ETH / 75% Polygon)
0 vMTA0%
Against / Different Strategy
0 vMTA0%
Timeline
Apr 04, 2022Proposal created
Apr 04, 2022Proposal vote started
Apr 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated