Balancer veBAL on Polygon

General Chat
1

The launch of veBAL (March 28, 2022) is a major milestone for Balancer and I’m very excited about this. It was deployed on Ethereum but raises a lot of important questions for those providing liquidity on Polygon. I will try to answer, please correct me if I’m wrong.

  • As a Balancer LP on Polygon, if I do nothing, do I keep receiving my rewards?
    Yes.

  • Do Balancer pools on Polygon get their return impacted?
    APR on the pool I am monitoring seem to be ok, no major negative impact.
    Not sure for other pools.

  • Are LPs on Polygon able to use veBAL on Polygon?
    No.
    Coming soon though…
    The Balancer veBAL Launch announcement article mentions:
    “Polygon and Arbitrum LPs will only have to stake their BPT in the near future, once the on-chain bridges have been set up. This will be widely communicated so hang on tight for now!”

  • Can votes done on veBAL running on Ethereum influence liquidity mining incentives for pools running on Polygon?
    Yes.
    You can also notice the “network” column in the veBAL app.
    However, as of today (Apr 7, 2022), there is no Polygon pools listed.

2

UPDATE: your votes done on veBAL running on Ethereum now do influence liquidity mining incentives for pools running on Polygon.

Notice the “network” column in the veBAL app , some rows have a Polygon icon :]

Another thing, a $veBAL boost calculator was just launched. Balancer Tools