mStable and Balancer DAO announce treasury swap
Balancer DAO will bid on the MTA and vote on its pools with the Issue Controller, channeling higher incentives and potentially attracting more liquidity to its pools through aligned interests and mutual cooperation.
"This opportunity demonstrates the utility of the Issue Controller, where DAOs can actively participate in the management of the mStable protocol and direct MTA issuance according to their use case, creating an alternative path to growth and attracting liquidity through mStable's growing DeFi product suite," the announcement reads.
mStable (MTA) and Balancer (BAL) have had a longstanding relationship since 2020 - mStable was one of the first users of Balancer Protocol in August 2020, and at one point even had the largest pool on Balancer.
