PSP-BPΔ1-3: Curve war & $CVX budget (45M $PSP, 18.93% budget)

Thanks for this proposal @dydymoon!

For starters, I’m a fan of Paraswap, Mounir and the whole team.

Balancer Labs has been working on technical challenges with Paraswap and we are very happy with our collaboration. I think it would also be great if our DAOs got closer together and I see in veBAL a good alternative to the CVX purchases you are proposing. The new veBAL tokenomics proposal is not approved on snapshot yet but so far it has seen almost unanimous support so it seems very likely it will be approved by the end of this weekend.

If you engage in the BAL wars instead of the Curve wars, you have the huge advantage of being an early adopter which can prove quite advantageous to incentivize liquidity on the existing 80/20 PSP/ETH pool on Balancer. Our gauge system will also allow for joint liquidity mining incentives, so LPs in that pool could be getting both BAL and PSP.

Thanks for considering and let me know if you have any questions, happy to answer whatever I can =)

Cheers,
Fernando

7 Likes