TL;DR
MAXYZ ask the DAO to approve the following:
- Give blessing for a formal fork and reincarnation
- Grant access to any security related materials
Motivation
Following the result of the previous fork proposal BIP-929, the MAXYZ continued conversations with partners, internal and external to Balancer DAO, and still see a path forward. As a matter of fact, feedback on our vision has been so positive that it is difficult for us to not continue our efforts.
This concise proposal is primarily asking the Balancer community for their blessing to pursue a formal fork of Balancer. We want to prevent any misinterpretations and make sure that forking is not against the wishes of the DAO.
MAXYZ have removed the grant request and will bootstrap the costs for the fork themselves.
Security
In order to properly serve the Ethereum ecosystem, the MAXYZ ask to be granted access to any security related materials related to the Balancer protocol: in particular the internal security-docs repository and the Immunefi account. We want to make sure that we fork and deploy a version of Balancer technology that adheres to the highest security standards. In order to do so, we want to make sure that we are fully aware of all of its security design choices and reported findings.
Independence
Despite continuing use and development of Balancer technology, the fork will be completely independent and unrelated to Balancer Labs and/or the Balancer DAO and its entities. Any transfer of trademarks, branding, logos etc. is explicitly excluded from this proposal. The fork will have its own entity, with its own name, its own logo and have nothing to do with the $BAL token or its governance.