Introduction
Whitelist the OlympusDAO Gnosis Safe multisig, to vote-lock B-80BAL-20WETH owned by the OlympusDAO community into veBAL and participate in governance for the Balancer DAO.
Motivation
Olympus DAO is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX, wETH) in the Olympus treasury, giving it an intrinsic value. Olympus also introduces novel economic dynamics into the market through staking and bonding. Olympus sees Balancer as a viable partner with an ecosystem that offers a lot of potential integration opportunities, this is evident in the proposal for the OHM-DAI-wETH veBAL gauge. The DAO is looking for a closer partnership to participate in governance and incentivizing more liquidity to flow through Balancer.
Risks
OlympusDAO multisig signers recognise the risk of allowing smart contacts to vote-lock veBAL, and commits to not using this safe for tokenizing veBAL. We understand that doing so will likely prompt the removal of the safe’s address from the AllowList.
Specification
Whitelist the OlympusDAO Gnosis Safe multisig, 0x245cc372c84b3645bf0ffe6538620b04a217988b, to interact with the veBAL contract.
