BIP-[XXX] Cap veBAL wrapper stableswap pools at 5% of emissions each

Ever since the launch of veBAL, the Balancer forum has had more drama than keeping up with the Kardashians and the real housewives of Beverly Hills :rofl:

  1. First the Balancer team FOMOs during veTOKENOMICS season and forks the veCRV contracts with no idea of how it works
  2. Due to poor execution multiple players like humpy are able to game the system and Balancer makes several governance proposals to put an end to it.
  3. Starts publicly shilling Aura exactly 1 week after the sudden surge in tetuBAL. and Aura creates a proposal to use their veBAL power to vote.
  4. Creates this proposal to cap gauges: auraBAL and tetuBAL are supposed to be liquid wrappers for veBAL. A decent liquid wrapper should have enough exit liquidity for LPs to exit the pool when needed. 2 hours before this proposal went live there was a massive withdrawal from the tetuBAL pool as pointed out by @adamb0123 creating very little exit liquidity and disrupting the balance of the pool. Further capping the BAL emissions would discourage users from using these liquid wrappers and would result in $BAL not being permalocked anymore.

Sad to see that DeFi is rife with politics and not innovation especially during market conditions such as this.

Forgot to mention the 1000IQ timing of the snapshot vote to coincide with thanksgiving as the vote will silently pass. Gigachad move by the proposer :brain: :100:

Bearish :dizzy_face:

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