[Proposal] Allocate up to $2MM in BAL to Secure a BAL Reactor

[Mike_B]

@Absolute_Unit

while it could (not likely, token swap is way cheaper) be more efficient to buy toke, building a relationship like this is infinitely more valuable from a BD perspective on the value that can be extracted.

I understand the principle of what you are saying but i think its clear in this scenario that farming at 11% apy is not a efficient means of acquiring TOKE. Feel free to disagree on that point, but it will take two years of farming 10m of BAL to recover the cost of this bribe (assuming everything stays constant). Appreciate your comments throughout this process!

@Jared_Balancer

2/ Tokemak the DAO is fostering TOKE/ETH liquidity and thus they have looked for solutions to hit the “singularity”. You can see here how they plan to leverage Curve for this. This is completely separate from the creation and direction of liquidity in reactors. We see long-term benefits to pitching Tokemak DAO to consider Balancer as a destination for Toke/WETH and how veBAL can be helpful. We want Tokemak to enter the BAL wars!

This does very little to communicate how a toke reactor will allow TOKE to enter veBAL other than “establishing a relationship”. The BAL in the reactor cannot be efficiently used in veBAL unless substantial changes to the architecture are made. Thats my point, end of. If we want to get them involved in veBAL why is the strategy not to do handle it just like curve considering it’s the same exact system! Instead you have to impose severe limitations to ensure tBAL fungibility.

I’ll leave it at that though. I think these conversations have done enough for veBAL holders to decide whether its worth parting with 3-4% of our treasury for this strategy.

[Proposal] Allocate up to $2M in BAL to Bribe Tokemak CoRE3 Vote

Motivation The Tokemak CoRE3 vote is underway and ends on May 9th at 3pm EST. This represents an opportunity to secure a BAL reactor, after which we would likely have to decide to either execute a token swap or deposit some BAL from the treasury to farm TOKE. There is around $1B of liquidity at current prices that will be directed by TOKE voters in the future. If this proposal passes, Balancer officially enters the Tokemak game and we will be exploring any and all options for securing as much o…

I encourage people to read the original proposal and the comments