Balancer Community Proposed Launch of veBAL, Allowing Users to Lock BPT to Get veBAL

TokenInsight news, Community members of the decentralized exchange Balancer Labs recently launched a proposal to introduce veBAL token economics by referencing the design of the mechanism by which CRV is locked into veCRV. The 80/20 BAL/ETH pool's BPT (liquidity tokens of the Balancer pool) will be locked into veBAL, and anyone can lock the 80/20 BAL/ETH pool's BPT for a period of 1 week to 1 year to receive the corresponding veBAL. The veBAL can vote on the share of the reward for each liquidity pool. In addition, 75% of protocol revenues will be distributed to veBAL holders. The other 25% of the fees will be kept by the DAO treasury as a reserve.
Source

DEX

In This Article

Related News
Pump.fun launches DEX called PumpSwap to instantly migrate graduated token Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
OKX suspends DEX aggregator following Lazarus 'misuse' and heightened EU scrutiny OKX suspends DEX aggregator following Lazarus 'misuse' and heightened EU scrutiny
Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event
Hyperliquid sees record outflows following North Korea hack concerns Hyperliquid sees record outflows following North Korea hack concerns
Hyperliquid's HYPE surpasses Aave in market cap, claims nearly half of decentralized perpetual swaps volume Hyperliquid's HYPE surpasses Aave in market cap, claims nearly half of decentralized perpetual swaps volume
Latest News More More
8 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
8 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open