Balancer is an automated portfolio manager and trading platform on Ethereum. Balancer protocol allows any Ethereum address to add liquidity in the form of tokens to existing Balancer pools, or even create their own pools.
Liquidity attracts traders, trading generates fees, and ultimately pool profitability attracts more liquidity. This is a flywheel effect that we are beginning to see happen within DeFi.
As Balancer has launched on Arbitrum as well, we are proposing to collaborate with Balancer to increase the liquidity of $MCB on Arbitrum.
We propose a collaboration with Balancer on a co-liquidity mining program starting 20 September 2021.
Terms of the Liquidity Mining Program:
- 60/40 pool
- 1,260 $MCB and 1,600$BAL will be distributed per week
- Program will last longer than 2 weeks but incentives will be evaluated after 2 weeks into the program
For - agree to Liquidity Mining Program with Balancer
Against - disagree to Liquidity Mining Program with Balancer\
- Vote here
- This proposal is approved