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A recent Balancer Labs proposal will pay users 7,500 (BA)L per week to help cover their gas costs.
While users pay the gas cost in ETH, the reimbursements will be given out in (BA)L tokens and can be claimed by the users every week.
Free (BA)L to Cover Costs
The program will run from Jan. 25 to Feb. 22 and hand out a total of 30,000 (BA)L, worth $589,200 at press time, to cover users’ gas costs (Ethereum network fees). If the program is successful in its endeavor, then it may be extended until Balancer launches its V2 upgrade.
Users who swap between WETH, WBTC, USDC, DAI, or (BA)L and trading directly via the interface are eligible for this reimbursement. On average, users can expect to save anywhere between 40-50%.
The Balancer Ecosystem Fund will supply the reimbursements.
Reimbursements will be reduced if more than 7,500 (BA)L are needed per week, but this is unlikely, according to Balancer. The team has budgeted a surplus in case of an influx in the number of transactions, surges in gas fees, and other unforeseen costs.
Users who route their trades through DEX aggregators like Matcha, 1inch, Paraswap, and others will not be eligible for the reimbursement.
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