---
# System prepended metadata

title: Season 3 veDAO is here
tags: [alchemists, ' szn3']

---

---
tags: alchemists, szn3 
--- 

#### Audiences to consider

- SZN2 LPDAO participants
- Folks outside of DAOhaus who might want to join with their ETH holdings
- Balancer holders and contributors to the Balancer protocol
- veBAL holders interested in supporting our pool


[SZN2 LPDAO](https://hackmd.io/buP_P80hTQy38eT-JPswqg#)

# Season 3 veDAO is here

SZN2 of the [DAOhaus collaborative liquidity provision experiment](https://medium.com/daohaus-club/poolhaus-and-decentralised-liquidity-provision-ced87ffe656) brought the HAUS token home to mainnet with a new Balancer pool. Now, SZN3 -- codenamed veDAO -- takes things to the next level with veBAL.

SZN3's objective is to boost rewards for HAUS LPs by acquiring and using veBAL to vote on the HAUS/WETH gauge, thereby directing a stream of BAL rewards to HAUS LPs.

SZN3 launches **Wednesday April 13th** and the joining period will be open for 3 days **until April 15th** (see below for how to participate).

**How will it work?**

1. Participants -- that's you! -- will contribute ETH to the DAO and receive loot shares. This process will be buttery smooth using the [DAOhaus Yeeter](https://yeet.daohaus.club/faq).
2. The DAO will convert the ETH into BAL/WETH, and then stake that to receive veBAL (see details below)
3. The DAO will use the veBAL to vote on the [HAUS/WETH gauge](https://forum.balancer.fi/t/haus-weth-80-20-gauge/2682) to support BAL emissions to the HAUS/WETH pool and to earn Balancer protocol rewards -- that means yield for you!
4. The DAO will stake its HAUS/WETH BPTs to earn BAL rewards for the DAO -- more yield for you!
5. BAL emissions will be claimed and re-staked for more veBAL
6. At the end of the SZN we will return all staked assets and rewards to DAO treasury. 💥


**Why participate?**

- You'll receive a share of Balancer protocol revenues + BAL rewards earned by SZN3 veDAO through staking its BAL/WETH and veBAL.
- Your earnings will be higher by joining the DAO than by going it alone: the veDAO will take care of all the operations and cover all gas fees. 
- You'll receive a sweet POAP to commemorate your participation in SZN3 veDAO.
- You'll support HAUS liquidity and help create demand for the HAUS token -- if you're already a HAUS holder, this is great for you!

**Participation Details**
- Loot price will be based on the market value of existing SZN2 loot shares
- Minimum contribution: 0.18 ETH
- Maximum contribution: 100 ETH
- Yeeter Goal: 42 ETH
- Yeeter Maximum: 420 ETH 
- Yeeting window: April 13 through 15

*We will update this post with a link to the Yeeter page on **April 13**. You can also find updates in the discord channel `#join-szn3-vedao` or our twitter https://twitter.com/nowdaoit*


**Additional Details**


Season 3 will run for **one year** and will end on **May 1st, 2023**. To maximize the yield we can create for HAUS LPs and for the SZN3 veDAO itself, BAL/WETH will be locked into veBAL and the HAUS/WETH BPTs will be staked into the gauge for the full year.

At the end of the year, participants will be able to withdraw their share of the inputs as well as the rewards earned over that period.

Since contributors in SZN3 veDAO will only be receiving **loot**, UberHaus -- as represented by a multisig of 11 delegates -- will continue to be the only shareholder in the DAO. Those Uberhaus delegates will be responsible for proposing, voting, and executing proposals inside of SZN3 veDAO.

To learn more about the veBAL program, you can read the detailed [formal proposal on the Balancer forums](https://forum.balancer.fi/t/introducing-vebal-tokenomics/2512).