On August 23, automated market maker Balancer (BAL) passed a governance proposal that introduces BAL liquidity staking on the platform.

• The goal of the amendment is to increase liquidity and accelerate protocol decentralization by allowing “non-shareholders to compound their BAL holdings at a much faster pace”
• The change is aimed to benefit non-shareholders of BAL; wallets flagged as shareholder will not experience a change
• The proposal favours BAL pools, with 45K BAL tokens out of the weekly 145K quota now being allocated to BAL pools
• An overwhelming majority was supportive of the change, with 98% voting yes
• Balancer has experienced tremendous growth since its launch, growing to $0.5 billion in all time volume in 4 months

Related Reading:

• Balancer launches governance polls and voting
• Balancer begins distributing BAL governance tokens
• Balancer is the fastest growing DeFi protocol in June