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DeFi Platform Balancer Approves First Liquidity Mining Proposals

Tracy CHEN

Summary: Last weekend, Balancer held the first round of voting for its new governance proposals, with all three submissions getting the approval from stakeholders.The first proposal was called ‘balFactor’ that incentivizes holders to use their BAL tokens for liquidity rather than simply cashing out. The second proposal was to modify the ‘feeFactor’ by reducing the mining penalty ...

Last weekend, Balancer held the first round of voting for its new governance proposals, with all three submissions getting the approval from stakeholders.
The first proposal was called ‘balFactor’ that incentivizes holders to use their BAL tokens for liquidity rather than simply cashing out.
The second proposal was to modify the ‘feeFactor’ by reducing the mining penalty for high-fee pools.
Thirdly, there was a proposal to apply a ‘wrapFactor’ of 0.7 to the liquidity of every pair of soft-pegged tokens in an effort to attract more useful liquidity to the protocol.
A more detailed outcome of the voting will be published later this week, according to Balancer Labs.

Tracy Chen