- Cut veTETU power on X% and delegate to a special address.
- The address will use the voting power for collecting bribes.
- The bribes will be used for buyback tetuBAL
- Part of the tetuBAL will be used for tetuBAL/WETH-BAL vault. Another part will be kept in POL https://polygonscan.com/address/0x237114Ef61b27fdF57132e6c8C4244eeea8323D3
- The ratio between rewards and POL is a subject for another proposal. The initial ratio will be 100% use for POL until we have enough rewards (approx what tetuBAL holder can have from bribes)
Voting Process
Rank all choices in a desired order. Details https://docs.snapshot.org/user-guides/proposals/voting-types#ranked-choice-voting-instant-runoff-voting
Implementation
No actions are required from users, as all processes will be executed automatically.
Off-Chain Vote
50%
8.26M veTETU16%
40%
281.31K veTETU0.5%
30%
0 veTETU0%
20%
27.21M veTETU52.8%
10%
15.81M veTETU30.7%
Do nothing
396.8 veTETU0%
Timeline
Apr 09, 2023Proposal created
Apr 09, 2023Proposal vote started
Apr 12, 2023Proposal vote ended
Nov 13, 2025Proposal updated