Thank you for the update here and explaining the plan forward for these tokens. Keep us updated as this timeline progresses.
Hey everyone,
We have now completed the distribution of the repurposed Phase 1 grant and we are happy to present the summary.
Repurpose Overview:
The repurposed grant was allocated to bootstrap and accelerate the growth of Boosted Pools on Optimism, leveraging Balancer’s technology. The repurpose plan was presented on April 25, 2025. Following this, implementation details were finalized, partner discussions were conducted, and the targeted pools were launched.
The first deposit was executed on May 22, 2025. At that point, 200,253 OP tokens remained from the initial Phase 1 grant allocation.
Distribution Timeline and Allocations:
Grant funds were used to bootstrap six new pools and provide liquidity mining (LM) incentives. Weekly deposits were determined based on the TVL of the incentivized pools. The table below summarizes the distribution schedule:
Incentivized Pools and TVL;
Grant resources were applied to bootstrap and incentivize the following pools:
rETH / wETH (Aave boosted)
sfrxETH / rETH (Aave boosted) / wstETH (Aave boosted)
sfrxETH / wETH (Aave boosted)
sfrxUSD / USDCn (Aave boosted)
sfrxUSD / wETH (Aave boosted)
wrsETH / wETH (Aave Boosted)
The following table shows the combined TVL of the incentivized pools during the distribution timeline:
By August 21, these pools collectively achieved a TVL of approximately $11.3M, of which approximately $4.9M was attributable to Aave Boosted tokens. Given that boosted tokens simultaneously contribute to on-chain trading liquidity and Aave’s lending markets, the effective increase in Optimism Mainnet TVL was approximately $16.2M.
Outlook:
The joint Beets and Balancer deployment on Optimism Mainnet has now completed the distribution of the 500,000 OP tokens allocated under the Phase 1 grant. The Boosted Pools established and incentivized will stay included in the Balancer’s core pool incentive framework.
Beets and Balancer remain committed to supporting the long-term success of the Optimism deployment and are eager to continue collaboration with the Optimism Council moving forward.
@PGov, please find the summary of the repurposed Phase 1 grant posted above.
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