On January 3rd, the currently active 4-weeks reward period for Balancer WETH<>wstETH LP will expire. This proposal is to extend the rewards for one more 4 weeks period in January.
Over the past months, the pool has been incentivized with 300,000 LDO per 4 weeks with BAL incentives on top of it. The newly started reWARDS Committee will include the Balancer pool incentives into the January rewards budget and introduce the incentivization plan in its entirety within a few days from now.
The current pool performance looks relatively satisfying overall, the pool is still the deepest LP on Balancer and the 6.5% APY provides a good farming alternative to the Curve stETH<>ETH LP. Balancer LDO incentives perform similarly to Curve incentives in terms of LDO spent per WETH per month and LDO/wstETH per month.
If there’s no controversy over this proposal, the Balancer reward program will be replenished using the Easy Track motion in the coming week.