Balancer Protocol
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Balancer Protocol

veBAL Is Live!

BAL holders and Balancer Liquidity Providers now receive a host of benefits with veBAL

  • Balancer LPs should stake their LP Tokens (BPTs, Balancer Pool Tokens) to continue to receive liquidity mining incentives.
  • Predictability: Fully automated BAL minting and inflation schedule locked forever.
  • Protocol revenue distribution: 75% of all fees generated by the protocol are proportionally distributed to veBAL holders.
  • Plug&play compatibility with Curve’s ecosystem: it's expected that many protocols and products built on top of Curve's ve system will also launch on top of veBAL given the contracts have been kept the same.

Let's break down all you need to know.

BAL holders

With the new ve system, just holding BAL does not give you any voting rights or any of the other benefits of the ve-system like liquidity mining boosting and Protocol revenue distribution.

Learn how to stake your veBAL

In addition to 75% of protocol revenues, veBAL holders will also get 10% of all BAL minted weekly.

Don't forget to vote for your favorite pool

Once you hold veBAL you can actively steer the distribution of BAL for liquidity mining by voting on your favorite pools. The more veBAL a pool gets voted, the more BAL its LPs will receive from liquidity mining every week.

Balancer Liquidity Providers

On Thursday, April 7th at 0:00 UTC the on-chain liquidity mining system will kick off for Ethereum Mainnet.

Claiming BAL from On-chain Liquidity Mining

After April 7th, if you have staked BPTs from pools that got voted by veBAL holders to get liquidity mining, you will be able to easily claim your BAL incentives at any time.

Head to https://app.balancer.fi/#/vebal now to get started.

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