Tetu.Community

TetuBal is the liquid-staking wrapper for Balancer’s $veBAL governance token, which is created by permanently locking 20WETH-80BAL LP tokens on Ethereum Mainnet. Currently, Tetu’s $veBAL voting power is split in an interesting way: $TetuBAL tokens in the LP are controlled by $veTETU holders, whereas users who hold $TetuBAL tokens in their wallet maintain their governance rights.

Update 2023-04-26: currently, one actor controls the majority of tetuBAL voting power. This could pose potential problems for bribers, if they do not get the expected amount of votes for their given bribe. To remedy this, we will be capping the $/vote for bribes submitted on Tetu.Community, and refunding any excess to the bribers when the Tetu voting round closes.