From 963355b0060c927ac14bc0fdb9c93a6dc6537db7 Mon Sep 17 00:00:00 2001 From: Tritium-VLK <11885129+Tritium-VLK@users.noreply.github.com> Date: Tue, 8 Oct 2024 15:49:35 +0200 Subject: [PATCH] Update docs to express that 82.5% of fees are directed towards veBAL. --- docs/concepts/governance/veBAL/README.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/docs/concepts/governance/veBAL/README.md b/docs/concepts/governance/veBAL/README.md index 1689a051..87f4acf1 100644 --- a/docs/concepts/governance/veBAL/README.md +++ b/docs/concepts/governance/veBAL/README.md @@ -20,10 +20,10 @@ Implications: - veBAL equates to boosted liquidity mining emissions for all gauges. The share of a given staked pool, and the lock multiplier are both factors in the amount a user will be entitled to in liquidity mining emissions. -- As of [BIP-161](https://snapshot.org/#/balancer.eth/proposal/0x12bce443c7bd212b3fdd18468433fc959740610888300d5a30eb35de94662790) veBAL holders receive 65% of [protocol fees](../protocol-fees.md) including: +- As of [BIP-457](https://forum.balancer.fi/t/bip-457-core-pool-incentive-program-automation/5254#specificationconfiguration-10) veBAL holders receive 82.5% of [protocol fees](../protocol-fees.md) including: - - 50% of the [swap fees](../protocol-fees.md#swap-fees) accumulated on Balancer Protocol are collected as protocol fees. - - 50% of the yields on yield bearing tokens in [Core Pools](../protocol-fees.md#core-pool-fees) + - 82.5% of the [swap fees](../protocol-fees.md#swap-fees) accumulated on Balancer Protocol are collected as protocol fees. + - 82.5% of the yields fees taken from yield bearing tokens [as part of Core Pools](../protocol-fees.md#core-pool-fee-redirection) - veBAL is the governance token of Balancer, used in Snapshot voting to authorize changes to the DAO including the management (adding/removing) of gauges and funding of service providers. - veBAL does have a gauge to direct emissions to the holders if chosen. This option is capped at 10% of total emissions of BAL at a given time in the inflation schedule. The overflow, if a vote goes over 10%, will go to the DAO treasury, where governance will have ownership of it.