[BIP-420] Refund Voting Incentives for Pools Shut Down Due to Bug Report

PR with Payload

Authors: Json


The bug disclosure made by Balancer last week resulted in many pools being “killed” (i.e. no longer eligible to receive BAL rewards), this event coincided with the end of an Aura voting round. This proposal seeks to make whole projects who placed voting incentives or votes on affected pools, to a sum of $19.6k in USDC.

This event resulted in roughly $84k worth of voting incentives/votes being placed on affected pools, which would no longer be able to be honored by Aura/Balancer. Fortunately, Balancer contributors were able to swiftly create replacement pools/gauges with non-boosted pools to provide projects an alternative place for their votes to be cast.


Of the ~$84k affected votes, the final proposed refund amount stands at $19.6k, based on the value of provided incentives at the time and thanks to many projects opting to reallocate. This proposal is to refund the following amounts in USDC to the affected projects:

Project Gauge Value Refund address Transaction
Stader ComposableStable ETHx/bb-a-WETH $8700 0x68258012DA3B933a81617FD08c9382a60B87cA98 Ethereum Transaction Hash (Txhash) Details | Etherscan
Overnight** a-ComposableStable bb-USD+/DOLA $2500 0xc38c5f97B34E175FFd35407fc91a937300E33860 Ethereum Transaction Hash (Txhash) Details | Etherscan
Gearbox ComposableStable bb-g-USDC/bb-g-DAI $4600 0x7b065Fcb0760dF0CEA8CFd144e08554F3CeA73D1 Ethereum Transaction Hash (Txhash) Details | Etherscan
Tranchess ComposableStable qETH/bb-a-WETH $3800 0x1bf019A44a708FBEBA7ADc79bdaD3D0769fF3a7b Ethereum Transaction Hash (Txhash) Details | Etherscan

Therefore, the Balancer DAO multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f would refund the specified amounts to the corresponding refund addresses. The DAO Multisig will interact with USDC 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 by writing transfer passing each address above, and their corresponding amount.

** Currently, there is discussion in regard to a separate issue that has affected Overnight pool users. This proposal is open to being amended to be cognizant of the governance results from that proposal.


This vote will be a single-choice vote. You may vote “For” or “Against” this proposal, or choose to abstain from the vote. By voting “For” this proposal, you are voting in favor of the above refunds being made.


For Overnight’s refund, Maxis have aligned with Overnight regarding their linear pool circumstances. Please send the $2500 the LM Multisig 0xc38c5f97B34E175FFd35407fc91a937300E33860 we will earmark this, and coordinate the rest from there.

Adjusted per the maxis input. Thanks for the quick response.

1 Like

Reasonable proposal to compensate Protocols affected. :+1: