PR with Payload
Summary
The Balancer DAO has locked its vested AURA into vlAURA with [BIP-481]. The second lock of 1.74m AURA will expire and can be relocked after June 27th and before the unlock date of July 4th, 2024:
The DAO wishes to relock its current position and bundle it with an additional vest so the next unlock is bundled into one in 16 weeks from the relock date as done previously in [BIP-551].
Motivation
The Balancer DAO wishes to relock its vlAURA position to continue to vote for Balancer gauges with its position. To do so the DAO needs to relock its expired position timely after June 27th and before July 4th 2024
At the time of writing, the DAO is entitled again to roughly ~255k AURA tokens (can be verified by calling available
with _recipient
as 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f
Aura: Vesting to Balancer | Address 0xfd72170339ac6d7bdda09d1eaca346b21a30d422 | Etherscan ). Another ~5-10k AURA remains unvested and will be claimed at a later date.
We are proposing to initiate another lock with the available ~255k AURA to be used to vote on AURA governance. The specifics of the Balancer DAOs voting allocations can be found here.
By re-locking the initial position and vesting additional AURA between June 27th and July 4th which would fall into the same locking epoch, it is guaranteed that the entirety of the locks will be up for re-lock in 16 weeks, reducing load on the multi-sig, streamlining the management of this position.
Specification
The Balancer DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f
will interact with the vlAURA contract at 0x3fa73f1e5d8a792c80f426fc8f84fbf7ce9bbcac
and call processExpiredLocks
with argument true
- The execution needs to be timed AFTER June 27th and BEFORE July 4th
Additionally, the DAO multisig on mainnet 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f
will call the claim
function on the AuraVestedEscrow at 0xfd72170339ac6d7bdda09d1eaca346b21a30d422
with the parameter _lock
set to true
. This execution, as well as the above, needs to be timed AFTER June 27th and BEFORE July 4th