We have a new reward program that will be live this week. This program will incentivize PERP token holders to provide liquidity to this 80/20 Balancer Share Pool.
We will start from 25,000 PERP token rewards per week and review it every two weeks. The rewards are shared by all the token holders who staked their Balancer Pool Token (BPT) to the Balancer LP staking contract. The foundation itself will not stake any BPT.
The BAL earned by the Balancer LP staking contract will be sold and buyback PERP. The purchased PERP will also be distributed as part of the rewards.
The program and website will start sometime this week, but we don’t have a specific time yet. The time will be announced soon.
Please let us know if you have any questions. Thanks.