Updated June 2024

Service providers (”SP”) who successfully request funding from Balancer DAO are expected to follow the accountability guidelines laid out in the Operating Framework proposal. Please see this forum post for more information about how a service provider is funded.

We must ensure any funds disbursed from the DAO treasury are used transparently and in service of the Balancer Ecosystem. Ultimately veBAL holders and delegates are responsible for ensuring service providers are delivering enough value to justify the cost of funding them.

The following guidelines are designed to help the community hold service providers accountable:

• All SP’s must post periodic updates in any online venue of their choosing as long as it is open to the public, preferably on the Balancer Forum. This is recommended to be posted on a monthly basis, detailing progress towards each “Key Objective” outlined by the SP in their funding proposal.
• Anyone can propose governance to stop the Foundation/DAO from disbursing future funds to the SP though another resolution (BIP).
• If the vote passes, all future funding to that SP will be halted until a new funding proposal is successfully approved. If it fails, funding continues as normal.
• There will be at least one internal monthly meeting with mandatory attendance by representatives of every actively funded SP. The goal of this meeting is to ensure all SP’s are strategically aligned across the ecosystem.