This RFP will involve research and a governance proposal to further optimize the liquidity incentive mechanism of veBAL. Since implementation incentives have been semi-optimize through the incorporation of vote “bribing” through Hidden Hand, as well as the implementation of [BIP-19].

The goal of this RFP is to research the dynamics of veBAL, how the yield and swap fees the protocol earns can be best optimized, and present a proposal to governance which makes the system more efficient than it is today. (Passing a snapshot vote will be the benchmark for this).

The grants team is open to discussion on this topic and the structure of the project.