Desired State:
- No gauge should take over 10% of all veBAL unless it granted an exception by balancer governance.
I think any policy that’s based on a set % of veBAL emissions is doomed to fail.
For example, what stops a large veBAL holder from voting for a tokenX/ETH gauge, getting it delisted, trading it along the way, and moving on to the next victim?
Who would want to enter the ecosystem, rely on it for providing sustainable liquidity, and build things on top of it - if their gauge can be removed by a large voter with a snap of a finger?