Arbitrum’s launch is just around the corner! Balancer will soon be deployed on Arbitrum, bringing all the flexibility that V2 has to offer onto this highly anticipated Layer 2 solution.
This proposal requests approval for the Ballers Liquidity Mining Committee to have authority to allocate BAL for Liquidity Mining to Arbitrum. There are many similarities between this proposal and the corresponding one for Polygon.
The competition between scaling solutions is heating up, and the options for cheap, fast, secure transactions are growing fast. In addition to the technical requirements for deploying Balancer on a Layer 2, it’s hugely beneficial to have strong liquidity pools as soon as possible. Adding Liquidity Mining Incentives to pools on Arbitrum will help drive Liquidity Providers, and therefore traders, to utilize Balancer pools.
Simply, this proposal requests approval for the Ballers Liquidity Mining Committee to have the authority to allocate up to 25,000 BAL per week for Arbitrum Liquidity Mining incentives.
There is still much discussion to be had about what the best strategy is for balancing incentives across Ethereum, Polygon, and Arbitrum. Giving the Ballers Liquidity Mining Committee authority to (at most) match the authorized Polygon incentives gives them the flexibility they need to find the right balance.
The goal is to vote this weekend and be ready to deploy incentives on Arbitrum as close to their launch day as possible.