[BIP-128] Peace Treaty

Authors: Humpy, Aura, Balancer

The last few months have been interesting, to say the least. While we don’t always see eye to eye with others, rational discourse is valuable in decentralized organizations. Balancer is stronger when differing viewpoints can be presented in a civil, constructive manner, and individuals have a voice in governance.

Over the last few days, a constructive dialogue has been opened between Aura, Balancer, and the veBAL whale, Humpy. We have come to the following agreement, which we’d like to formalize on chain as a BIP.

1. Aura will withdraw support for https://forum.balancer.fi/t/bip-xxx-cap-vebal-wrapper-stableswap-pools-at-5-of-emissions-each/3997/43 63 and recommends that proposal not be moved to Snapshot.
2. All parties mutually recommend that the following proposals not be moved to Snapshot:
   A. https://forum.balancer.fi/t/bip-xxx-general-guidelines-on-second-voting/4039/23 13
   B. https://forum.balancer.fi/t/bip-xxx-aura-multisig-blacklisting-for-governance/4023/40 24
   C. https://forum.balancer.fi/t/bip-xxx-general-guidelines-on-wta-policies/4034/12 13
3. All parties have agreed that no hard caps shall be implemented for the tetuBAL gauge. Instead, Humpy shall move his votes to 17.5% on the tetuBAL gauge, and avoid putting more than 17.5% on any single gauge in the future.
4. Humpy has committed to using his remaining votes on voting incentives where the “bribe $ per veBAL” is greater than the “$ value of emissions per veBAL.”
   A. Aura has agreed to facilitate the creation of a script for Humpy to help him allocate his votes optimally.
5. Humpy has expressed support in voting for pools that are beneficial to the long-term growth of Balancer in line with other major stakeholders.
6. All parties have agreed to a gentleman’s agreement to not meddle in each other’s affairs.
7. To ensure that 51% attack is off the table, Humpy has agreed not to increase his position, and to unwind ~750k veBAL starting immediately, and allow Balancer governance to blacklist his addresses if they extend unlock time. Likewise, Balancer shareholders have agreed to unwind ~750k veBAL in the same time period as well.
   A. Humpy addresses:
   1. 0x1e7267fa2628d66538822fc44f0edb62b07272a4
   2. 0xc0a893145ad461af44241a7db5bb99b8998e7d2c
   3. 0xae0baf66e8f5bb87a6fd54066e469cdfe93212ec
   B. Balancer shareholder addresses:
   1. 0xCAab2680d81dF6b3e2EcE585bB45cEe97BF30cD7
   2. 0xD09CA75315e70bD3988a47958a0c6c5B30B830E1
   3. 0xfF052381092420B7F24cc97FDEd9C0c17b2cbbB9
   4. 0x242D7Cd78ccE454946f35f0A263b54fBe228852C
   5. 0xE7A76D8513E55578C80e4b26fc61eE7d4906d4CD
8. After AURA/BAL unlock periods, Humpy has agreed that Aura/Balancer will have 14 days to assist him in finding an OTC deal (within 10% of market price) to help reduce sell pressure, and maximize value.
9. Finally, Humpy has agreed to withdraw his delegation from Andrea81, who will no longer be representing Humpy going forward. We recommend that Andrea81 be withdrawn as the Tetu delegate as well.

For this BIP, in the spirit in which it was made, we request that discussion be as friendly as possible. Compliments and mutual respect are valued; emotional and inflammatory language should be avoided. To put this behind us, all parties and their current/former representatives have agreed that repeatedly revisiting these same issues is undesirable, so all will seek to limit public discussion on these subjects in any manner that is nonconstructive or reflects negatively on any of the involved parties.

Timing

All parties are ready to move forward with this process, and respectfully request that this BIP be moved to Snapshot at the Balancer community’s earliest convenience.