Balancer launched an ecosystem builder proposal to provide 100,000 BAL to fund teams based on the agreement

According to Rhythblockbeats, Balancer agreement initiated a proposal to provide 100,000 BAL (worth about usd 5 million) to a team/project built/contributed based on Balancer. The initial funding scale is large, and the funding scale will be reduced in the future. Balancer Labs will be voting on this proposal at 0:00, July 28, Beijing time. The poll will last 24 hours and end at 0:00, July 29, Beijing time.

All grants have long-term incentives consistent with Balancer. Accordingly, the first instalments will be disbursed as follows:

• & have spent90% of grant disbursed linearly within 1 year (operated by smart contract)

• & have spent10% of funding tokens are unlocked, but instead of selling them, teams should either distribute them to their project users or keep them for voting on Balancer governance recommendations.

Balancer lab started working with and funding strategic partners long before BAL was founded. Many grants are based on seed prices of 0.60USD/BAL, so this is why the first batch of funded tokens is so large. The future batch may be 50,000 BAL, because according to the current BAL market price, the future individual allocation will be much less.

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