Balancer

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/403

Motivation

Per Coinbase’s recent public communications the official public launch of Base is likely to be in early August. Balancer contributors are actively working to ensure Balancer is available from day 1 which was authorized with the passing of BIP-263. I request an initial allocation of 50,000 USDC from the treasury to be used towards Base launch incentives. This would be used over a period of no less than one month post launch. Another proposal will be put forward at that time if circumstances warrant additional funding.

It’s difficult to present any hard numbers because the network is not live yet and we don’t know what will be available on launch day. The reasons I think funding incentives pre-launch is a good idea are the following:

• Balancer would be one of a small number of dapps with active incentives on launch day

• We’ll start strong which is likely to bring interest from other Base projects

• Gives us the ability to match partner incentives for a period of time

How quickly these funds are spent will depend on what opportunities present themselves and what activity the network is seeing post launch.

The Balancer Maxis will be responsible for allocating these funds.

Specification

If approved, the DAO Multisig eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will transfer 50,000 USDC to the Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860.