mStable

The stablecoin yield platform mStable wants Balancer to become an active part of its governance process and to advocate for BAL holders. To that end,mStable has proposed a trade between the two projects treasuries: 20,000 of Balancer’s governance token, BAL, for MTA, mStable’s governance token, of equal value ($322,000 as of later afternoon Wednesday in New York).

Soon, mStable will release its own version ofthe gauge used by the decentralized exchange for stablecoins, Curve . Curve uses the gauge to decide how much of its daily CRV emissions go to depositors in its many liquidity pools.