An initial liquidity mining program will go live at a defined date. The initial program will run until another defined date and target the following four pools on Ballast:
5,000,000 BLT will be allocated per pool to LPs proportional to liquidity, which roughly translates to:
- 83,333 BLT per pool per day
- 13.5 BLT per pool per block
These BLT are not subject to vesting or lock up.
After 30 days, governance will reach its vesting cliff and Ballast governance will control all BLT vested to the Ballast treasury. At this point, governance can vote to allocate BLT towards grants, strategic partnerships, governance initiatives, additional liquidity mining pools, and other programs.