Hi folks - First off, by way of introduction, I’m Stefano from LongHash Ventures. We have been working closely with Balancer Labs through Asia DeFi Network on a few topics, including Community Building in Asia, Liquidity Mining, and Governance.
A week or so ago we started drafting a RFC/Draft Proposal on BAL staking, taking inspiration from the staking mechanisms of Curve, Idle, and Pickle. This, although worked on in parallel, builds on the idea (A) outlined above by Bakamoto20.
We think there’s two overarching benefits to BAL staking, as we have articulated, namely:
- It rewards BAL holders who take the long-term view of the protocol and choose to lock up their tokens
- It is a starting point in the journey towards governance decentralization
We chose to post a separate RFC as it only touches on idea (A) outlined above and we believed it is fleshed out to stand alone on its own merit. We welcome all your inputs, feedback, and hopefully a rich discussion around it so we can improve it and flesh out the nitty gritty details to take it forward.
The link can be found here: [RFC] Staking of BAL for Economic and Governance Benefits