Following up on few preliminary Discord discussions there seems to be some consensus formed around the use of BAL rewards accrued by the staking contracts of both the Balancer DOUGH/ETH 80/20 pool & the DEFI+S/ETH 70/30 pool.
The proposal would be the following:
- Market-sell the $BAL rewards (currently 1169.62 BAL total) for ETH
- Use the ETH to market-buy $DOUGH off the 80/20 Balancer pool
- Deposit the purchased $DOUGH in the DAO’s vault, to be used for future incentives.
The rationale behind this is that by supporting the $DOUGH price in the long run there could be a higher value for LPs contributing to our project, rather than simply fractioning and disbursing BAL which would result in a more short-sighted time-consuming activity.
Similarly, we’d propose to add the purchase $DOUGH back to the DAO vault, since this would aim at forming a healthier recycle of rewards, supporting the $DOUGH price instead of bringing it down as an effect of higher farming rewards potentially offered.
Here [https://client.aragon.org/#/piedao/0x109b588a4f2a234e302c722f91fe42c5ab828a32/vote/290/](http://vote 290), requesting the transfer of the current BAL reward to the multisig that will perform the steps above.