# \[BIP-399\] ve8020 Launchpad **URL:** \ **Category:** General Proposal\ **Created:** [July 12, 2023, 9:06pm UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975 "2023-07-12T21:06:35Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![burns](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/burns/32/1540_2.png) [@burns](https://forum.balancer.fi/u/burns)\ **Post date:** [July 12, 2023, 9:06pm UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/1 "2023-07-12T21:06:35Z")
**Introduction** To further incentivize protocols adopting the ve8020 model pioneered by Balancer, the Grants Committee has had [an open RFP](https://quark-ceres-740.notion.site/Balancer-Grants-Initiatives-RFPs-0bc6e1efcf6e4de9828c13b3a701fefa) for building a “ve8020 launchpad” that minimizes the barrier to entry for future teams. The idea being in its simplest form: _A step by step guide with a set of template contracts and or frontend code for projects to launch a veToken using an 80/20 balancer pool, or weight of their choice. This would make the smart contract steps for deploying the vote escrow system in Vyper coupled with the locking of a Balancer pool token streamlined for projects to utilize in an open way._ _A guide would be one phase of this project, potentially with an interface either deployed or for local use that could be easily accessed by a team to create their own ve system around the pool token._ This RFP can be approached in a way envisioned by the grantee, not fixed to what is described as long as it simplifies the process. Originally a form of this was to be developed as part of Alchemix’s veALCX implementation but it was deemed that ultimately this will be more complex and too specific for what the launchpad needs to be, so the RFP was re-opened. Given the interest in this RFP and the potential effect on the Balancer ecosystem, we have opened up this decision making to veBAL voters. In order to assess these proposals equivalently and give the teams a target for what the ecosystem deems valuable, we have developed the following criteria. Guided by these, veBAL holders will ultimately have the power to decide through a governance vote. If there are any other requirements considered necessary, they can be added here and/or discussed with each team. **Process** This post is to introduce the teams and process then: 1. All teams will post their initial proposal to the governance forum (if not already) 2. A grace period for questions to be posted and answered in individual discussions 3. Proposals modified if required 4. Single BIP to follow as a summary of the ve8020 launchpad proposals. This BIP will go to snapshot with each team as a vote option rather than each individual proposal going to vote. It will be an interesting exercise in open-book, multi-team proposals that will really test decentralized decision making, but given the number of interested parties, we feel this is the way forward. **Teams and Proposals:** (will add links as teams post proposals) - [Blockdudes](https://forum.balancer.fi/t/rfc-balancer-vetoken-launchpad-blockdudes/4991) - [Magic Powered](https://forum.balancer.fi/t/balancer-vetoken-launchpad-application/4877) - [Bleu](https://forum.balancer.fi/t/bip-xxx-bleu-proposal-for-ve8020-launchpad/4986) - [Protofire](https://forum.balancer.fi/t/bip-xxx-protofire-proposal-ve8020-launchpad/5025) **Criteria** _Feature Completeness_ - Base functionality is to include a guide and contracts to deploy a vote escrow system in Vyper coupled with the locking of a Balancer pool token streamlined for projects to utilize in an open way _User Customization Options_ - What options are included for easy customization? Eg. Duration of lock, slope customization being linear or step, token ratio etc _Bonus Inclusions_ - Additional features over and above minimum requirements. Eg. Front end, does this allow for standard deployments only or cater to more specialized/custom implementations and how. _Financials_ - Is the ask reasonable for the scope/time required and justified, are clear milestones proposed with risk mitigation to the DAO and project team considered? Eg. no major upfront payment, final milestone weighted to incentivise completion. _Clear Deliverables_ - Are deliverables for each milestone clearly defined with reviewer/approver elected. Do these need to include individual pass/fail criteria. Are timeframes proposed. _Team Capability_ - What experience does the team have generally and more specifically with Balancer architecture. What have they built before and do they have experience with these Vote Escrow contracts specifically. _Team Capacity_ - what are the team’s involvement in other concurrent projects and what is the capacity to complete this work in the timeframes proposed _Audit Included_ - does proposal include an audit, what requirements are proposed for future teams using the launchpad to also audit code. Eg. standard deployment no audit, custom deployment requires audit. _Known Projects looking to use Product_ - does the proposal team have projects lined up to implement a ve8020 system upon completion. Some value proposition here would be useful to immediately bring in more projects adopting ve8020 tokenomics with the launchpad and put it through a real world test. _Balancer Labs / Integrations Assistance Required_ - if so, what? Some is likely necessary but major assistance will detract from application, the team should be generally self-sufficient. _Defined Technical Sponsor (to be determined by Balancer)_ - person responsible for approving technical work. _Defined Grant Mentor (to be determined by Balancer Grants)_ - contact point for grantee and DAO to coordinate communication and track progress _Potential Conflicts of Interest_ - For transparency, is the team working with or have ties to any veBAL voter or delegate. Being known to the Balancer ecosystem is not grounds for disqualification, a known team with a proven record is a positive attribute but disclosure is important for the process. **A summary document has been completed by the Grants team and [accessible here](https://docs.google.com/spreadsheets/d/1tbmY0p-Ij4kkxBOQZRR3w0KAYwngzisCdYHKmK0Mo4U/edit#gid=0).** **Specifications** Snapshot voting will determine which team the grant is awarded to with the value and milestones as per the individual proposal. The team with the most votes will be awarded the grant. Upon approval, Balancer Grants team will be responsible for managing communication and milestone approvals/payouts. Grant funding is to be paid from [Balancer Grants existing treasury](https://etherscan.io/address/0xE2c91f3409Ad6d8cE3a2E2eb330790398CB23597) for Wave 9 and as such there are no immediate on chain actions required. **Voting Options** 1. Blockdudes - not including ongoing funding for maintenance and support beyond 6 month inclusion This will be determined closer to end of this support period. Security review by Certora funded by Balancer. - **Total - $40k USD in BAL** - MS1: Interface Built: $10,000 (20 days) - MS2: SDK & Launch Frontend: $15,000 (25 days) - MS3: Guide: $5,000 (5 days) - MS4: Smart Contract Code and Launch Scripts: $0 (10 days) - MS5: One project onboarded: $10k 1. Magic Powered - _(Pending final responses)_ - Security review by Certora funded by Balancer and internal security review by Magic Powered. - **Total $31.6k in BAL (including $5k internal security review)** - MS1: Design & Frontend $10k - MS2: Integrations $13.6k - MS3: Guide & Docs $3k - MS4: Internal Security review $5k 1. Bleu - As proposed. Security review by Certora funded by Balancer. - **Total - $29k USD in BAL** - MS1: Completion of Smart Contracts. USD 4k. - MS2: Completion of Integrations. USD 6k. - MS3: Completion of Launchpad UI. USD 9k. - MS4: Deployment to all supported chains. USD 10k. 1. Protofire - including $5k for deployment on all chains. Security review by Certora funded by Balancer and audit by Protofire Audit - **Total $33.2k in BAL (including $5k for deployment on all chains)** - MS1: Design & Discovery, SCs and Subgraph $9.4k - MS2: Guide, SDK and VeToken Page (UI) $9.4k - MS3: Launchpad, Test & Audit, Hard Guarantee activation $9.4k - MS4: Deployment to all chain $5k 1. No teams to be awarded grant. ---
**Author:** ![burns](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/burns/32/1540_2.png) [@burns](https://forum.balancer.fi/u/burns)\ **Post date:** [July 27, 2023, 3:39am UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/2 "2023-07-27T03:39:54Z")
We now have the 4 teams’ proposals live on the forum and they are all very promising applications. I’d encourage the community to review these and ask any questions of the individual teams on their proposal before we summarize and put to a vote. > [@burns](#): > > **Teams and Proposals:** (will add links as teams post proposals) > > - [Blockdudes](https://forum.balancer.fi/t/rfc-balancer-vetoken-launchpad-blockdudes/4991) > - [Magic Powered](https://forum.balancer.fi/t/balancer-vetoken-launchpad-application/4877) > - [Bleu](https://forum.balancer.fi/t/bip-xxx-bleu-proposal-for-ve8020-launchpad/4986) > - [Protofire](https://forum.balancer.fi/t/bip-xxx-protofire-proposal-ve8020-launchpad/5025) ---
**Author:** ![AuraDelegate](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/auradelegate/32/1786_2.png) [@AuraDelegate](https://forum.balancer.fi/u/AuraDelegate)\ **Post date:** [July 27, 2023, 11:05am UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/4 "2023-07-27T11:05:56Z")
Hi! This is an excellent initiative! I have a few questions about the summary part you guys will do. So, to align expectations and better understand the summary itself: - Will the summary provide a comparison table between all proposals with items like (value asked, milestones, delivery time, features, etc)? - Will the summary have an analysis or report from the Grant Committee highlighting the strong and weak points of each proposal? While it is good for the DAO participants to check/review the information by themselves, it is of great importance to have the Grant committee assessment of each proposal. Thanks! ---
**Author:** ![burns](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/burns/32/1540_2.png) [@burns](https://forum.balancer.fi/u/burns)\ **Post date:** [July 28, 2023, 3:33am UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/5 "2023-07-28T03:33:30Z")
Yes, the intention for the summary is as you describe. Not only to describe each offering next to each other in line with the criteria set out above, but also indicate where each proposal is strong and where there is potential concerns. The teams with have a chance to address these once the summary is published to clear anything up. ---
**Author:** ![Ov3rkoalafied](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/ov3rkoalafied/32/2363_2.png) [@Ov3rkoalafied](https://forum.balancer.fi/u/Ov3rkoalafied)\ **Post date:** [July 28, 2023, 4:19pm UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/6 "2023-07-28T16:19:05Z")
Hi! I wanted to share that Alchemix has developed a migration tool to get from any Uniswap or Sushiswap pool to 80/20 balancer pools. The UI can be essentially pasted into any website with a widget (By OKContract), or by forking the Alchemix UI. Very quick way to get liquidity migrated to a new 80/20 pool. Many projects do not already have 80/20 liquidity set up when they decide to make a ve8020 system (Alchemix included). I believe it would be good practice for any ve80/20 launchpad UI to at least make protocols aware that this tool exists. That should let protocols get their liquidity migrated faster, which makes them eligible for ve8020 grants faster. > **[Alchemix Balancer Migrator Tool](https://alchemixfi.medium.com/alchemix-balancer-migrator-tool-bbd348352810)** > > Alchemix has developed a liquidity migration tool designed to facilitate the seamless transition of liquidity from any Sushiswap or Uniswap… ---
**Author:** ![burns](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/burns/32/1540_2.png) [@burns](https://forum.balancer.fi/u/burns)\ **Post date:** [August 3, 2023, 3:42am UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/7 "2023-08-03T03:42:06Z")
[Summary sheet for the 4 projects has been completed and viewable here](https://docs.google.com/spreadsheets/d/1tbmY0p-Ij4kkxBOQZRR3w0KAYwngzisCdYHKmK0Mo4U/edit#gid=0). This is however awaiting responses from the Magic Powered team before their final summary is completed. The grants team has not recommended a single team but reviewed each proposal critically against the criteria and ensure important details are confirmed for any team to be successful and progress the grant immediately upon award. We have taken great care to fill this out accurately but we encourage teams to review and comment/dispute anything that we have misrepresented or requires clarification. All community voters are encouraged to review this and ask any remaining questions they may have of each team in the corresponding forum post or if general, here. We will leave this up for review and put to a vote in the round starting next week. ---
**Author:** ![burns](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/burns/32/1540_2.png) [@burns](https://forum.balancer.fi/u/burns)\ **Post date:** [August 10, 2023, 2:44pm UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/8 "2023-08-10T14:44:59Z")
Original post updated with specification and voting options: **Specifications** Snapshot voting will determine which team the grant is awarded to with the value and milestones as per the individual proposal. The team with the most votes will be awarded the grant. Upon approval, Balancer Grants team will be responsible for managing communication and milestone approvals/payouts. Grant funding is to be paid from [Balancer Grants existing treasury](https://etherscan.io/address/0xE2c91f3409Ad6d8cE3a2E2eb330790398CB23597) for Wave 9 and as such there are no immediate on chain actions required. **Voting Options** 1. Blockdudes - not including ongoing funding for maintenance and support beyond 6 month inclusion This will be determined closer to end of this support period. Security review by Certora funded by Balancer. 2. Magic Powered - _(Pending final responses)_ - Security review by Certora funded by Balancer and internal security review by Magic Powered. 3. Bleu - As proposed. Security review by Certora funded by Balancer. 4. Protofire - including $5k for deployment on all chains. Security review by Certora funded by Balancer and audit by Protofire Audit 5. No teams to be awarded grant. ---
**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\ **Post date:** [August 10, 2023, 3:00pm UTC](https://forum.balancer.fi/t/bip-399-ve8020-launchpad/4975/9 "2023-08-10T15:00:09Z")
[https://snapshot.org/#/balancer.eth/proposal/0x7f3ca74d3d6c09c3b6c62c276fc322170529795ea1d088e64afb9acd06274101](https://snapshot.org/#/balancer.eth/proposal/0x7f3ca74d3d6c09c3b6c62c276fc322170529795ea1d088e64afb9acd06274101) Edit: There was a late withdrawal from Magic just after we posted the vote. However, due to Snapshot issues we can’t edit the vote and are running with the current configuration. Please take that into account when posting your vote. Thanks for your understanding.