Add Level 1 access to Discord using 4,200 BPT tokens from the Balancer BANK/ETH Pool
With Season 2 around the corner, we currently have a soft commitment to partner with Balancer on launching a liquidity mining program for the 80/20 BANK ETH Pool. Assuming the S2 Grants Committee passes the funding request (coming soon), this pool will feature both BANK and BAL incentives.
That said, it’s safe to assume there will be a significant amount of interest for this pool from DAO members. However, one of the main drawbacks with providing liquidity is that members lose access to the Discord if they fall below the standard 35,000 BANK threshold (and Lvl 3 access if below 150K BANK)
This post serves as a proposal for adding Level 1 access for BPT tokens for the BANK/ETH pool with the launch of Season 2. Adding support for Level 1 BPT tokens will allow virtually all DAO members to participate in this program.
It’s also worth noting that we already support BPT Level 3 and 4 access for members with 15,000 BPT tokens.
After initial testing, the recommendation is to support access with 4,200 BPT tokens (because memes) for the Balancer 80/20 BANK ETH Pool. This equates to roughly 22,000 BANK and 0.2 ETH.
In total this is slightly below the 35,000 BANK threshold, however, feels appropriate given users will be providing a valuable service for the DAO and requires a bit more in-depth knowledge on the inner-workings of Balancer and DeFi as a whole.
If this passes, support for Level 1 access will be added for the start of Season 2 on October 8th.
- Pool: Balancer
- BPT contract address: BANKLESS DAO Bulls (80BANK-20WETH) Token Tracker | Etherscan
None outside of S2 Grants Committee funding.
- Reach consensus on Level 1 BPT support
- Implement support for BPT tokens via Collab Land on October 8th
- Support Lvl 1 access for 4,200 BANK/ETH BPT Tokens
- Deny Lvl 1 Access for BANK/ETH BPT Tokens
- Adjust threshold