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Balancer · closed proposal
[BIP-922](rerun) Recover unclaimed legacy LM MerkleRedeem funds to BizDev Safe
Voters
7
BAL voted
6.52M
≈$712.8K
Token price
$0.11
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
6.52M / 5.00M BAL(130%)
✓ Quorum met
Yes, let's do it6.52M (100.0%)
No, this is not the way0 (0.0%)
Abstain0 (0.0%)
6.52M BAL · ≈$712.8K · 7 votersblock 25802547
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
4 votes > 5% VP0x9f74…d68e
16d ago · voted Yes, let's do it
100.0%
2.82M VP
≈$308.8K
0xa9b3…eb7e
14d ago · voted Yes, let's do it
32.6%
2.13M VP
≈$232.7K
0x8787…ea52
15d ago · voted Yes, let's do it
27.1%
1.05M VP
≈$114.6K
0xff02…1751
15d ago · voted Yes, let's do it
11.7%
512.82K VP
≈$56.1K
Full proposal
Original markdown · Balancer
Summary
Recover unclaimed $BAL and $LDO incentives still sitting in Balancer’s pre-veBAL MerkleRedeem liquidity-mining contracts (~364k BAL and ~350k LDO respectively), and transfer recovered tokens to the BizDev Safe for redeployment as user incentives at BizDev’s discretion.
Background
Before veBAL, Balancer distributed liquidity-mining rewards via weekly MerkleRedeem contracts (erc20-redeemable): an owner published a merkle root every week; LPs claim with proofs. Unclaimed tokens remain in the contract indefinitely.
Two legacy Ethere…
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