[BIP-112] Adjust Balancer Snapshot for Aura AIP-17
Vote: Yes
Rationale: As a result of AIP 17 this vote is largely procedural for us and we are eager to get things moving.
3 Likes
[BIP-140] Introduce TimelockAuthorizer
Vote: YES
Rationale: This proposal is security focused and we support anything security related that improves the health of Balancer and the ecosystem.
[BIP-141] Introduce VeBoost V2
Vote: YES
Rationale: This upgrade will allow for greater functionality and development for other protocols built on top of Balancer. This will be important for our friends at Paladin in the near term.
[BIP-142] Permission Granting - Recovery Mode - ComposableStable-V2
Vote: YES
Rationale: This proposal is security focused and we support anything security related that improves the health of Balancer and the ecosystem.
3 Likes
Vote: No
Rationale: Aura Finance has already engaged in extensive discussion regarding this proposal in our own forum where the same proposal has been made.
[BIP-144] Fund Balancer Grants Q1 2023
Vote: Yes
Rationale: The Balancer grants program continues to operate prudently and efficiently and we have been impressed with the work carried out recently from the contributors there.
[BIP-145] Fund the Balancer Maxis for Q1 2023
Vote: Yes
Rationale: This is normal business and we support the funding of the Maxi’s and await the decentralization and dissolution of the governance council proposals.
[BIP-146] Incentivize 8020 BPT Staking (ve8020)
Vote: Yes
Rationale: This is an excellent proposal and is part of the unique value proposition that Balancer DAO provides.
5 Likes
[BIP-147] Enable RBN / USDC 50/50 Gauge [Ethereum]
Vote: Yes
Rationale: The addition of Ribbon Finance liquidity pools to Balancer is a big achievement and Aura is supportive of this pool.
[BIP-148] Enable DOLA/USDC Stableswap Gauge on Ethereum
Vote: Yes
Rationale: This was a straight forward vote to replace a vulnerable gauge.
[BIP-149] Funding Proposal for Silverlight Labs - REVISED
Vote: No
Rationale: The Aura delegate council did not see this as a wise allocation of resources. Noting discussions regarding runway and Balancer treasury, this did not appear to offer value for money.
[BIP-150] Enable wUSDR-USDC Gauge 2% Cap [Polygon]
Vote: Abstain- did not vote
Rationale: The Aura delegate council was split on this vote but decided to abstain. Although the pool looked interesting it was not something that was deemed to be in the best long term interests of Aura Finance. Community voter interest in this proposal was also very low and was not material to the outcome.
[BIP-151] Kill Vulnerable CSP Pool Gauges
Vote: Yes
Rationale: This was a security focused proposal and the delegate council was in full support. .
[BIP-152] Update Core Pool List
Vote: Yes
Rationale: This proposal is a logical flow on from previous proposals regarding security and was supported by the council.
[BIP-153] Whitelist Risk Labs’ Gnosis Safe for veBAL
Vote: Yes
Rationale: The Aura delegate council considers all efforts to accumulate veBAL and participate in the ecosystem to be a positive step for Balancer and for Aura.
[BIP-154] Enable PAR-jEUR Stable Pool Gauge with a 2% cap (Polygon)
Vote: Yes
Rationale: With a 2 % cap these are very interesting pools. The Delegate council passed this vote with a slim majority as it is on Polygon and does not directly impact Aura Finance and the benefits are unclear at this stage. The 2% cap however, is very appropriate and the council decided to vote in favor with an eye on fee generation and volume moving forward.
[BIP-155] Enable agEUR-jEUR Stable Pool Gauge with a 2% cap (Polygon)
Vote: Yes
Rationale: As above.
[BIP-156] Authorize Migration to GaugeAdder v3
Vote: Yes
Rationale: This was a logical vote in support of the ecosystem, supported by the council.
[BIP-157] Migrate cbETH/wstETH Gauge [Ethereum]
Vote: Yes
Rationale: This proposal will provide for better fee collection and pool management for Balancer and thus support the ecosystem.
[BIP-158] Migrate wstETH/WETH Gauge [Arbitrum]
Vote: Yes
Rationale: as above.
3 Likes
[BIP-159] Activate BAL Emissions for Mainnet EURS:USDC “FX Pool” w/2% emissions cap
Vote: Yes
Rationale: Happy to support Xave Finance with this proposal and a 2% cap.
[BIP-160] Enable SD/USDC (50/50) and SD/WETH (80/20) Gauges with 2% emissions cap (Ethereum)
Vote: Yes
Rationale: Although the Aura Delegate Council is happy to support this proposal, the council does not think that bundling proposals sets a good precedent for future gauge proposals and approvals.
[BIP-161] Close Year 2 Funding Gap
Vote: Proposal B
Rationale: The Aura Delegate Council debated these proposals in significant detail. Of note, The Aura Delegate Council generally believes that:
The sale of Balancer tokens, whilst undesirable, is currently well supported by the market and is prudent to avoid overspend. There is no guarantee of future market performance and potentially worse conditions in the future may place the DAO in more direct financial hardship (current pump not withstanding)
Whereas Option A appeared to be the softer approach, Option B presented a more direct path to decreasing fee allocation to veBAL holders and creating a more assured runway through the sale of Balancer tokens. The long term health of the DAO appeared to be better supported by Option B and Aura Finance looks forward to ongoing updates regarding the state of the treasury and the DAO moving forward.
5 Likes
[BIP-162] Karpatkey Investment Strategy
Vote: Yes
Rationale: The Karpatkey investment strategy is very much in line with the intent as outlined in BIP 103. Bridging assets back to mainnet and allowing for resources to be placed in the new SAFE position is essential in order to allow BIP 103 to be executed effectively.
[BIP-163] Restructure Governance Process - Disband Governance Council
Vote: Yes
Rationale: This proposal generated a lot of discussion on how Balancer proposals might be managed and how best to enable this system without the oversight of the governance council. With that said, this step will take Balancer forward towards a more decentralized model and Aura Finance supports this move.
[BIP-164] Deposit BAL into Aave Polygon v3
Vote: yes
Rationale: Depositing additional BAL into the new Aave v3 pools will generate income for the DAO without diluting voting power. The Aura delegate council supports this move and the desire to generate yield on idle assets.
[BIP-165] Enable ankrETH/ETH Gauge on Ethereum
Vote: yes
Rationale: Aura is very supportive of protocols wishing to deposit their LSD related offerings into the Balancer ecosystem.
3 Likes
[BIP-166] Whitelist the gauge for the StaFi rETH/ETH Pool to receive BAL emissions
Vote: Yes
Rationale: The LSD space continues to grow and Aura Finance supports the addition of these pools. Incentivisation of Liquidity in these types of pools is also likely to provide long term alignment between LSD focused products and the Balancer/Aura ecosystem.
[BIP-167] Fast Track Execution of BIP 159 & 160
Vote: Yes
Rationale: Having an approach that enables certain BIP to be fast tracked provides the necessary flexibility required for the best possible outcomes moving forward.
[BIP-168] Enable DOLA/CUSD Gauge on Ethereum
Vote: Yes
Rationale: This is a stable coin focused gauge and has the potential to generate significant trade volume. This is likely to be a positive for the ecosystem.
[BIP-169] Execute the Transition Migrator
Vote: Yes
Rationale: After some initial discussions regarding the execution of this BIP, Aura Finance is very comfortable with the approach being taken.
4 Likes
BIP-170 Enable PENDLE-ETH (50/50) Gauge with a 2% cap [Ethereum]
Vote: Yes
Rationale: Pendle has thus far proven to be an engaged and highly valued part of the Balancer and Aura ecosystem. The Aura delegate council supports this new gauge to deepen their liquidity.
[BIP-171] Enable frxETH/WETH Gauge on Polygon
Vote: Yes
Rationale: This will further deepen the partnership being established with Frax Finance and the broader LSD narrative.
[BIP-172] Enable SPHERE/wMATIC Gauge w/ a 2% Emissions Cap (Polygon)
Vote: Abstain
Rationale: The Aura delegate council do not have a firm view on this proposal on Polygon and have chosen to abstain.
[BIP-173] Enable TRYB / USDC Gauge with a 2% Emission Cap [Ethereum]
Vote: Abstain
Rationale: The Aura delegates do not have a firm view on this proposal regarding a potential stable coin and have chosen to abstain
[BIP-174] Enable wUSDR-USDC Gauge with a 2% Emission Cap [Ethereum]
Vote: Yes
Rationale: This gauge has a lot of potential moving forward after showing promise on Polygon.
[BIP-175] Grant permissions for V3 pool factories
Vote: Yes
Rationale: This is necessary for the migration.
[BIP - 176 ] Enable SYN/ETH Gauge
Vote: Yes
Rationale: Another productive partnership and the delegates welcome their addition to the ecosystem.
[BIP-177] Great Migration Wave 1
Vote: Yes
Rationale: A necessary upgrade.
[BIP-178] Enable bb-euler-USD Gauge [Ethereum]
Vote: Yes
Rationale: Euler is a great protocol and happy to see them get involved with boosted yield.
[BIP-179] Enable wsteth/Tessera Boosted APE Gauge [Ethereum]
Vote: Yes
Rationale: This has a lot of potential for fee generation for the DAO has a high yield play. It will be very interesting to see how this gauge grows in the ecosystem.
[BIP-180] Enable zUSD/bb-euler-USD Gauge [Ethereum]
Vote: abstain
Rationale: zUSD did not appear to be something that could be directly given an uncapped gauge. With a 2% cap, Aura may change its vote in future.
[BIP-181] Enable bb-euler-FRAX/bb-euler-USDC Gauge [Ethereum]
Vote: Yes
Rationale: The delegates welcome this Frax and Stable coin strategy that will generate interest and fees.
[BIP-182] Enable bb-rf-USD Gauge [Arbitrum]
Vote: Yes
Rationale: Another useful part of the ecosystem.
2 Likes
[BIP-184] Enable OHM/wstETH Gauge on Ethereum
Vote: Yes
Rationale: Aura has continued to develop the partnership with OHM and this gauge will support that partnership and the LSD narrative.
[BIP-185] Enable bb-i-USD Gauge [Ethereum]
Vote: Yes
Rationale: This core pool is based on a USDC/USDT and DAI. The risk appears to be low in this proposal and thus is a suitable core pool.
[BIP-186] Enable TUSD-bb-e-USD Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Finance community has supported the discussions surrounding this proposal and the delegates are happy to support.
[BIP-187] Enable TRYB / USDC Gauge with a 2% Emission Cap [Ethereum]
Vote: Yes
Rationale: With the 2% cap and after some discussions with the community, the delegates are happy to support this gauge. We look forward to welcoming more of the Turkish community.
[BIP-188] Enable MAI-gDAI-USDC on Arbitrum
Vote: NO, this is not the way
Rationale: The delegates have taken note of the concerns raised by community members, especially as expressed by AdamB on Twitter regarding the potential for the protocol to misuse user funds. Additional discussions on the balancer thread also provide further background here. Finally, the delegates are of the view that qiDAO already has a sufficient number of gauges.
[BIP-189] Great Migration wave 2
Vote: Yes
Rationale: Necessary upgrade.
[BIP-190] Transfer Governance Control on Polygon & Arbitrum
Vote: Yes
Rationale: This is a positive step forward for Balancer and the ecosystem across L2s.
[BIP-191] Funding Proposal for Messari Reporting 2023
Vote: Abstain
Rationale: The Aura Delegates are very aware of the excellent product created by Messari and understands the reach and influence that these reports can generate. With that said, the community raised significant concerns about the price of these reports, especially with the currently funding plans and runway targets being discussed in BIP154. To that end, Aura Finance has voted to Abstain
BIP-192: Wire-up authorizer permissions on new linear pool factories
Vote: Yes
Rationale: Necessary upgrade
[BIP-193] Enable bb-yv-USD Gauge [Ethereum]
Vote: abstain
Rationale: The Aura delegate council was concerned about the circular nature of the deposit structures as outlined in this proposal along with the additional exposure to other pools within the strategies used by Yearn. For this reason, the delegates chose to abstain.
[BIP-194] Enable bb-g-USD Gauge [Ethereum]
Vote: Yes
Rationale: No concerns with this pool
3 Likes
The link above has been amended and the link to forum discussion has also been added. That should provide more context.
2 Likes
[BIP-195] Remove MAI Gauges on Polygon and Arbitrum
Vote: Yes
Rationale: With QiDAO no longer allocating rewards to this pool it makes sense to remove the gauge.
[BIP-196] Redistribution of recovered legacy incentives
Vote: Yes
Rationale: The distribution of these recovered funds is in order and is supported.
[BIP-197] Transfer 250k BAL to Balancer OpCo
Vote: Yes
Rationale: As this is in line with long term treasury support moving forward, and as a result of previous votes, the Delegate Council supports this action.
[BIP-198] Creation of Ecosystem Council and Amended Self-Insurance Fund
Vote: Yes
Rationale: This proposal required some considerable discussion to clarify the request and would have benefited from more time on the Balancer forum to ensure questions have the time to be answered. With that said, this appears to be a prudent move to protect the DAO moving forward.
[BIP-199] Enable PoolRecoveryHelper on v3 Pools
Vote: Yes
Rationale: This is supported by the Delegate Council and is in the long term interests of Balancer DAO.
[BIP-200] Enable veLIT Gauge on Ethereum w/2% emissions cap
Vote: Yes
Rationale: The delegates are happy to support the 2% cap.
[BIP-201] Enable bb-ag-USD Gauge [Gnosis]
Vote: Yes
Rationale: The Delegate Council is happy to support these gauges on Gnosis for the Gnosis token, stables and WETH pools.
[BIP-202] Enable bb-ag-GNO/bb-ag-USD Gauge [Gnosis]
Vote: Yes
Rationale: The Delegate Council is happy to support these gauges on gnosis for the Gnosis token, stables and WETH pools.
[BIP-203] Enable bb-ag-GNO/bb-ag-WETH Gauge [Gnosis]
Vote: Yes
Rationale: The Delegate Council is happy to support these gauges on gnosis for the Gnosis token, stables and WETH pools.
[BIP-204] Enable bb-ag WBTC/WETH/USD Gauge [Gnosis]
Vote: Yes
Rationale: The Delegate Council is happy to support these gauges on gnosis for the Gnosis token, stables and WETH pools.
2 Likes
[BIP-205] Enable relayers on gnosis chain and add other missing permissions
Vote: Yes
Rationale: This is a necessary fix to enable Gnosis chain.
[BIP-206] Deploy Balancer to Avalanche
Vote: Yes
Rationale: The deployment to Avalanche opens up a number of possibilities for further expansion of the Balancer ecosystem.
[BIP-207] Grant Balancer Maxis the authorisation to register protocolIds for LinearPools
Vote: Yes
Rationale: As the ecosystem grows it is important to maintain a logical means of tracking and recording that growth. From the proposal: Creating a boosted pool is permissionless. Therefore a process to register protocols is required to allow data-consumers to distinguish which pool belongs to which protocol, even if the pool has been created from the same factory
[BIP-208] Enable Overnight Pulse Gauge [Arbitrum]
Vote: Yes
Rationale: Overnight.fi was very successful on Optimism and the expansion to Arbitrum has a lot of potential.
[BIP-209] Enable ALCX/ETH (80/20) Gauge on Ethereum
Vote: Yes
Rationale: Alchemix has been a long time supporter of balancer and has recently demonstrated further commitment to the Aura ecosystem. The Aura delegates are in support of this pool with a 2% emissions cap.
[BIP-210] Deprecate Old Stargate Gauges & Add Gauges for STG v2
Vote: Yes
Rationale: As this was initially requested by the Stargate group to enable their migration to v2 of their token, the Aura delegates voted in support of this BIP. The decision not to implement BIP 210 as a result of actions from Alameda and recommendations from the Stargsate foundation, was made clear after the vote was executed.
[BIP-211] Kill Euler Boosted Pool Gauges
Vote: Yes
Rationale: The unfortunate events surrounding the exploit of Euler have made this BIP a necessity.
[BIP-212] Deploy Balancer to zkSync
Vote: Yes
Rationale: zkSync is one of many very promising options in the zkEVM space and is currently supported by an array of other protocols. A Balancer deployment here has extensive upside potential with opportunities for Aura to become involved as described in the forum discussion. The Aura delegates are in support of this proposal.
[BIP-213] Whitelist Yearn’s yBAL Voter Contract for veBAL
Vote Abstain
Rationale: While the delegates feel that the creation of another wrapper very similar to the one created by StakeDAO does not bring a whole lot of value to the ecosystem, they do not wish to stand in the way if other stakeholders wish this to be added, and have chosen to abstain for this vote. They note the decision to propose the gauge vote with a 2% cap limits any potential issues during launch.
[BIP-214] Enable Permissions for BatchRelayer v5
Vote: Yes
Rationale: This upgrade will provide for greater efficiency.
[BIP - 215] Messari reporting 2023 (second vote)
Vote: Abstain
Rationale: The Aura delegates appreciated the frank and open discussions with the Messari authors for this BIP. In the end, the delegates felt that the cost to benefit ratio was not in the interests of the DAO and so decided to abstain.
3 Likes
[BIP-216] Add permissions for Batch Relayer V5 (second attempt)
Vote: Yes
Rationale: This is a necessary upgrade.
[BIP-217] Enable RDNT/wETH 80/20 Gauge [Arbitrum]
Vote: Yes
Rationale: Radiant has a lot of potential to continue doing great things and the Aura delegate council are aware of the ongoing plans with Radiant for Aura’s expansion to Arbitrum.
[BIP-218] Enable bb-s-USD Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are aware of the work done by Sturdy Finance and their activities regarding a Balancer grant. Full support for this boosted stable coin pool.
[BIP-219] Enable bb-t-USD Gauge [Polygon]
Vote: Abstain
Rationale: The Aura Delegate Council is not supportive of this pool and would prefer to see Tetu bring more value to the Balancer ecosystem rather than simply adding new gauges. An example might be the inclusion of another protocol who was willing to use this as a pairing. More broadly however, the Aura Delegate council acknowledges opposing such requests might not be in the best interests of the Balancer ecosystem and notes that Tetu is a competitor to Aura Finance. As such, the delegates have decided to abstain rather than actively oppose this request.
[BIP-220] Enable bb-ma2-USD Gauge [Ethereum]
Vote: Abstain
Rationale: The Aura Delegate Council have decided to abstain on this request for a pool from Morpho. Whilst the pool design appears to look good, the Aura Delegates simply do not have sufficient knowledge of Morpho as a protocol to lend direct support. To that end, the council did not decide to actively oppose this request but cannot support it at this time.
[BIP-221] Set Protocol Fee Percentage to 50% on Gnosis Chain
Vote: Yes
Rationale: The Aura delegate council were supportive of the addition of this fee structure being added to the Gnosis chain. This is a great step in the right direction for activities on other chains and supports the revenue flow for Balancer DAO.
2 Likes
[BIP-222] Enable 3pool Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council believes this pool adds another excellent options for those wishing to deposit their stables with Balancer who do not want any exposure to yield bearing products. The recent Euler hack, although thankfully resolved, was evidence of the types of risks that are inherent in this space. The addition of this gauge provides a potentially more stable option for certain depositors.
[BIP-223] Enable USDC-TNGBL 20-80 Gauge with a 2% Emission Cap [Polygon]
Vote: Abstain
Rationale: As per previous votes, the council decided to abstain from voting to allow for a more thorough review at a later date. (Edit: please note that the delegates voted ‘yes’ after further discussions in BIP 231)
[BIP-224] Balancer on Polygon zkEVM
Vote: Yes
Rationale: The Delegate Council felt this was an exciting opportunity for Balancer and supports the Balancer foray into the zkEVM space.
[BIP-225] Amendment to [BIP-146] Incentivize 8020 BPT Staking (ve8020)
Vote: Yes
Rationale: The Aura Delegate Council supports these amendments. Clarifying requirements and guidelines for incentive structures such as this provides greater certainty to protocols seeking to use Balancer and will support long term ecosystem growth.
[BIP-226] Enable SILO/ETH 80/20 Gauge w/ 2% emissions cap [Ethereum]
Vote: Yes
Rationale: The Delegates are supportive of the gauge with the 2% cap and look forward to ongoing participation from Silo Finance in the future.
[BIP-227] Upsize BAL allocation in Ribbon Finance Treasury Vault
Vote: Abstain
Rationale: The Delegate Council felt that although the vault has returned some excellent results thus far, and the strategy appears to be performing well, that the risk was not worth risking more treasury funds for. Market volatility has been highly unpredictable in the current macro environment and although the delegates are supportive of the current plan, under BIP-24, they felt that increasing the allocation was not in the interests of the DAO from a risk to reward perspective.
[BIP-228] Enable bb-t-MATIC Gauge [Polygon]
Vote: No
Rationale: The Aura Delegate Council did not feel that this proposal from Tetu was in the best long-term interests of the Balancer ecosystem.
3 Likes
[BIP-229] Fund Balancer Grants for Q2 2023
Vote: Yes
Rationale: The Aura Delegate council is supportive of the work being carried out by the grants committee and applauds the grants allocated thus far. In addition, the increased price of the BAL token itself has meant that this request does not come at any cost to the DAO, which is great news. Finally, the Aura Delegates would like to thank Zekraken and Zen Dragon for their work in the grants committee and congratulate Burns on commencing a leadership position and welcome Steve0xp as a new addition.
[BIP-230] Fund the Balancer Maxis for Q2 2023
Vote: Yes
Rationale: The Aura Delegate Council appreciated the detailed breakdown of funding and planned use of allocated BAL tokens and the 5 ETH for gas. The work done by the Maxis is excellent and is in the finest traditions of decentralization. The additional request for 1500 BAL for Dev bounties is well received and will provide much needed flexibility to the operational work carried out by the Maxis.
[BIP-231] Enable USDC-TNGBL 20-80 Gauge with a 2% Emission Cap [Polygon] [second vote]
Vote: Yes
Rationale: As per the Delegates comments in BIP 223. After further consideration, the vote has been changed to a YES.
[BIP-232] Enable ankrMATIC/MATIC Gauge [Polygon]
Vote: Yes
Rationale: The Delegates felt that the rationale for this proposal, as expressed in the BIP discussion, is sound and it is in the interests of the DAO to ensure there is only a limited opportunity cost for anyone who wishes to participate in these ANKR pools.
[BIP-233] Enable MaticX / bb-a-wMATIC Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegates are supportive of this improved pool as the second largest pool on Polygon, it is important that it is generating the maximum benefit for its depositors.
[BIP-234] Enable stMATIC / bb-a-wMATIC Gauge [Polygon]
Vote: Yes
Rationale: As per BIP 233 noting this is the largest pool.
[BIP-235] Enable TEMPLE/DAI 50/50 Gauge with 10% emissions cap [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are supportive of this pool and note the ongoing good-will and shared vision, as expressed by Temple, for the future of the Balancer ecosystem.
[BIP-236] Enable WETH/3pool Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council support the creation of this pool as an alternative to many of the other yield bearing pools for those who wish to deposit into an alternative structure without the potential yield risk.
[BIP-237] Enable USH - ETH 50/50 Gauge with 10% emission cap [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are excited to welcome the USH pool as ecosystem partners. Their efforts in the LSD space along with integrations with Stargate, are indicative of an intent to build and grow in the ecosystem.
[BIP-238] Enable wstETH/bb-a-wETH Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council feels that this enhanced pool will drive better returns for the ecosystem overall.
[BIP-239] Enable bb-a-USD gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council noted that with USDT now listed on AAVE v3, it is good to see this pool once again added to the ecosystem.
[BIP-240] Enable rETH/bb-a-wETH Gauge [Arbitrum]
Vote: Yes
Rationale: The Aura Delegate Council are excited for the upcoming launch of Aura on Arbitrum and this pool is important in driving further LSD liquidity on L2s as the ETH staking ecosystem continues to evolve post Shanghai.
Vote: Yes
Rationale: This proposal will streamline the migration to v3 and is good for the ecosystem.
1 Like
[BIP-242] Enable LUCHA/wMATIC Gauge [Polygon]
Vote: No, this is not the way
Rationale: The Aura Delegate Council felt that this gauge was unlikely to be a beneficial gauge. With a market cap of 200K and only very limited interactions, the Delegates were not comfortable with supporting this gauge. For full transparency, the gauge proposers spoke with some of the delegates post the vote and better explained their position and their intentions. To this end, this vote by the Aura Delegate Council should not be viewed as an immovable position on the future of this gauge.
[BIP-243] Enable cbETH/bb-a-wETH Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are happy to support this gauge as another option for users within the broader LSD narrative including for future deployment to Polygon and Arbitrum when appropriate.
[BIP-244] Enable bb-a-USD Gauge [Arbitrum]
Vote: Yes
Rationale: The Aura Delegate Council were happy to support this Aave gauge being deployed on Arbitrum.
[BIP-245] Enable bb-a-USD Gauge and kill bbamUSD Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegate Council are supportive of this upgrade and the part A and part B activities required to enable this.
[BIP-246] Enable wstETH/bb-a-wETH Gauge [Arbitrum]
Vote: Yes
Rationale: The Aura Delegate Council were supportive of this gauge as it expands the LSD ecosystem to Arbitrum.
[BIP-247] Enable wstETH/bb-a-wETH Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegate Council were supportive of this gauge as it expands the LSD ecosystem to Polygon.
[BIP-248] Enable COMP/wstETH Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council were happy to support this new Compound gauge on Ethereum. COMP is a highly traded token and this pairing with LSD will be an excellent addition to the core pools.
[BIP-249] qETH Gauge Migration w/2% cap [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are supportive of the measures being taken to enable this gauge migration in support of the Aave v3 linear pool wrapper migration.
[BIP-250] Enable jAURA - ETH 80/20 Gauge w/10% emissions cap[Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council are supportive of the inclusion of Jones DAO and their new Aura wrapper liquidity in this pool. The wjAURA pool will provide further composability to jAURA lockers and users of Aura Finance.
[BIP-251] Migrate BAL to Aave Ethereum v3
Vote: Yes
Rationale: The Aura Delegate Council supports the deposit migration to v3
[BIP-252] Timeless 50k BAL Grant Application [ve8020 Program]
Vote: Yes
Rationale: The Aura Delegate Council have supported this grant application (as per BIP 146) for Timeless.
2 Likes
[BIP-253] Permission granting for managed v2, composableStable v4, weighted v4 factories
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this Improvement Proposal. It greatly increases the security of the Pool factories.
[BIP-254] Funding Proposal For Beethoven X DAO
Vote: Yes
Rationale: The Aura Delegate Council appreciated the detailed breakdown of funding and believes that Beethoven X DAO has the means to help to boost the Balancer Protocol performance.
[BIP-255] Approve Cron Fi TWAMM Relayer
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this important new tech built on Balancer, as the TWAMM is a great innovation that will expand the Balancer solution offering.
[BIP-256] Enable swETH/WETH Gauge on Ethereum
Vote: Yes
Rationale: The Aura Delegate Council was supportive of this gauge as it expands the LSD ecosystem offering on Ethereum.
[BIP-257] Enable WETH/USDC Gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this gauge being deployed on Ethereum, as it is the first pool using TWAMM, and an important milestone for Balancer
[BIP-258] Enable STG/bbaUSD Gauge [Arbitrum]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this Aave gauge being deployed on Arbitrum, as Stargate is an important partner of both Balancer and Aura.
[BIP-259] stMATIC-bb-a-WMATIC/bbamUSD Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegate Council was supportive of this gauge to Polygon, as it gives an extra option for users looking for yield-bearing token pools.
[BIP-260] Enable wstETH-bb-a-WETH/bbamUSD Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this Aave gauge as it expands the Balancer LSD offering in Polygon.
[BIP-261] Aave v3 Gauge Migration 2
Vote: Yes
Rationale: The Aura Delegate Council was happy to support the migration to Aave v3, as it also brings other important upgrades for cross-chain gauges.
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this proposal for a new gauge system with LayerZero, for cross-chain gauge boots.
[BIP-263] Deploy Balancer to Base
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this proposal for deployment in a new blockchain, to better position Balancer as an important protocol there.
[BIP-270] Enable baoUSD/LUSD gauge w/2% cap [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this gauge, as it believes that the 2% cap makes sense for now.
[BIP-271] Enable LUCHA/wMATIC Gauge [Polygon]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this gauge being deployed on Polygon. The new information provided (this was the BIP-242) helped to clarify the previous questions.
[BIP-272] Weighted Pool v1 Permission Granting
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this new configuration setup, as it gives autonomy to the Balancer Maxis to perform the changes needed.
[BIP-273] Permissions Preset Update Request #1
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this request to perform the permission update. It is important to get this type of issue beforehand and apply the measures to eradicate them.
[BIP-274] Enable wstETH/rETH Gauge and kill old gauge [Ethereum]
Vote: Yes
Rationale: The Aura Delegate Council was happy to support this proposal. Keep all pools with the updated gauge
[BIP-275] Request to Compensate Contributors in Liquid BAL
Vote: No
Rationale: The Aura Delegate Council considered that the request wasn’t properly formulated, lacking a specification detailing how the BAL would be spent, with estimates. It also didn’t follow the standard procedure to become a proposal, as it was turned into a BIP without proper discussion with the community.
3 Likes
[BIP-276] Enable new L2 gauges
Vote: Yes
Rationale: This vote is to enable the cross-chain reward boosts via Layer Zero, an important step for improving Balancer’s market positioning.
[BIP-277] Enable Authorizer Wrapper
Vote: Yes
Rationale: This is a BIP for the Maxis to regain their autonomy since the timelock authorizer is on an uncertain timeline.
[BIP-278] Enable stMATIC/wMATIC Gauge w/ 10% cap [Polygon]
Vote: Yes
Rationale: We are happy to foster innovation that adds value to the Balancer Ecosystem. Whilst the general rule is that it must be a % for the protocol fees, the unique proposition of a new curve type (E-CLP), that can expand the solutions offering built on Balancer, receives our support.
[BIP-279] Enable COIL/USDC Gauge 2% Cap Correction [Ethereum]
Vote: Yes
Rationale: This is a gauge correction from the approved BIP-266.
[BIP-280] Pay DAO Multisig Stipends for H1 ‘23
Vote: Yes
Rationale: This is a semestral payment to the DAO multi-signers.
[BIP-281] Year Two Funding Proposal for the Balancer Foundation
Vote: Yes
Rationale: This is a request for funding the Foundation for year 2, and the Foundation plays an important role in providing the legal and operational framework upon which Balancer builds
[BIP-282] Return undesignated BAL tokens from OpCo to the DAO Treasury
Vote: Yes
Rationale: It is a good practice to have the OpCo wallet return assets previously allocated for components of compensation that, to date, have not yet vested and/or will not vest due to changes in SP personnel composition.
[BIP-283] Change veBAL USD fee component to the new bb-a-usd that uses Aave V3
Vote: Yes
Rationale: The current component was deprecated, and the new Composable Boosted 3 stakes much of the deposited balance on Aave v3, increasing the rewards.
[BIP-284] Enable wbETH/wstETH Gauge [Ethereum]
Vote: Yes
Rationale: This pool introduces Binance’s beacon ETH token in the Balancer ecosystem. Pairing with wstETH will add additional yield for LPs, and we welcome more LSDs into the ecosystem.
[BIP-285] New Linear Pool Factory Permissions
Vote: Yes
Rationale: Granting roles and permissions for the deployment of a new generation of linear pool factories.
[BIP-286] Enable FRAX/bbamUSD v3 Gauge [Polygon]
Vote: Yes
Rationale: This proposal is for a core pool with FRAX and bb-am-USD, AAVE v3 boost pool. The gauge is uncapped based on the contents being all large-cap stable tokens. It is aligned with Balancer’s interest in the yield-bearing token space, and it provides better trading routes on the protocol and more sustainable pool options for liquidity providers.
[BIP-287] Enable UZD/bb-a-USD gauge [Ethereum]
Vote: Yes
Rationale: This is a rebase stablecoin that involves deactivating the rebase mechanism while it is in the pool, directing revenue from the collateral to the treasury for LP yield maintenance. The profits from the UZD in the UZD/bb-a-USD pool will be utilized as bribes on Aura through Hidden Hands. It is one more protocol interested in using Aura as a voting incentives facilitator.
[BIP-288] Disable last-generation pool factories
Vote: Yes
Rationale: With the creation and deployment of the new generation of pool factories, it is safer to disable the older generation ones, to avoid any mistakes.
[BIP-289] Grant Maxis Permissions to Add Gnosis & zkSync Gauges
Vote: Yes
Rationale: The Balancer Maxis already add new gauges in the other chains. This proposal removes the need to activate the DAO Multisig when adding new gauges on Gnosis (already running) and zkSync (coming soon).
[BIP-290] Designate ALCX/ETH 80/20 as a Core Pool (with 10% emissions cap)
Vote: Yes
Rationale: This is a dual-purpose proposal: to make the pool a core one, and to raise the emission cap to 10%. Alcx will make Balancer the sole source of liquidity and incentives (moving it from Sushiswap), and veALCX will replace the current gALCX governance token. It will bring more fees, incentives, and liquidity into the ecosystem.
[BIP-291] Proposal to replace 80/20 USH/unshETH gauge
Vote: Yes
Rationale: The standard gauge doesn’t allow the rewards to go to the user that deposited BPT in the unshETH ve-locking system. This updated gauge will allow that.
[BIP-292] Kill wstETH/bb-stk-APE Gauge
Vote: Yes
Rationale: As there is uncertainty about the future of a project/token, the most prudent course of action is to remove the gauge.
[BIP-293] Top Up Balancer Maxi Gas Funding
Vote: Yes.
Rationale: Transactions are more expensive than expected, and there is a commitment to provide a better tool for monitoring how these funds are spent (probably a dune dashboard).
[BIP-294] Authorize Mimic Smart Vault on Arbitrum
Vote: Yes.
Rationale: Arbitrum fees will be automatically swapped for USDC and bridged to Mainnet, if this is the rule for the smart contract. Using automation tools is good for the robustness of the Protocol. The tests made seem to cover all steps needed, and the access granted can be revoked by a governance vote.
[BIP-295] Fee Discount for CowSwap Solvers
Vote: Yes.
Rationale: It is a good idea to provide fee discounts to aggregators. One thing that is missing in the proposal is the actual parameters of which vaults, how much the discount will be, and which other types of optimizations can be done.
[BIP-296] Migrate Gauge of ankrETH/WETH to bbaWETH [Ethereum]
Vote: Yes.
Rationale: This is moving the gauge from the current pool to one that is yield-generating. One point of attention is the comms around this migration.
[BIP-297] Enable tBTC/WBTC [Arbitrum]
Vote: Yes
Rationale: This is a nice opportunity to have Balancer featured in a co-marketing initiative to increase visibility within the Arbitrum Ecosystem.
This is an uncapped vault, and perhaps it is a good idea to review the gauge framework, especially the rules for the uncapped vaults, as it was written when Balancer was practically only at the ETH mainnet.
[BIP-298] Enable tBTC/ETH [Arbitrum]
Vote: Yes
Rationale: This is a nice opportunity to have Balancer featured in a co-marketing initiative to increase visibility within the Arbitrum Ecosystem.
This is an uncapped vault, and perhaps it is a good idea to review the gauge framework, especially the rules for the uncapped vaults, as it was written when Balancer was practically only at the ETH mainnet.
[BIP-299] Permissioned arbitrage to recover remaining funds in bb-e-usd
Vote: Yes.
Rationale: This is time-sensitive, and it makes sense to push it as soon as possible. It was good to see that the code review was done quickly.
[BIP-300] Change Snapshot to Weighted Voting
Vote: Yes.
Rationale: It is a good practice to have a weighted voting system in Balancer Snapshot, to reflect the sentiment within the community better. Aura will mirror the system, and adapt the delegate’s votes to reflect this change.
[BIP-301] Return undesignated BAL tokens from (Orb) to the DAO Treasury
Vote: Yes.
Rationale: It is a good practice not to have in custody funds that will not be used. Responsible stewardship is what we expect from all SPs.
[BIP-302] Enable 80ARCH20wETH Gauge w/ 2% emissions cap [Ethereum]
Voting: Yes
Rationale: We encourage broader participation in protocols building liquidity on balancer, and making good use of the 8020 pools.
2 Likes
[BIP-303] Grant Polygon zkEVM Permissions
Vote: Yes.
Rationale: Initial setup for the Balancer infrastructure to run in the network.
[BIP-304] Enable DFX/ETH Gauge with 2% emissions cap [Arbitrum]
Vote: Yes.
Rationale: DFX is an FX AMM on arbitrum. This pool will be the primary source of liquidity for the DFX token on Arbitrum.
[BIP-305] Enable R/wstETH and R/DAI gauges [Ethereum]
Vote: Yes.
Rationale: “R” is a stablecoin minted using stETH as collateral, and these pools will be the main liquidity pools for the protocol, bringing a healthy trading volume.
[BIP-306] Proposal to deploy Balancer on Scroll
Vote: Yes.
Rationale: Scroll is a project with good traction, Aave is going there (already deployed on testnet). Balancer was requested by other protocols (LST), and it is good to be ready to move there when the mainnet launches ( August).
[BIP-307] Enable rETH/sETH Gauge [Ethereum]
Vote: Yes.
Rationale: This gauge is uncapped, and would enter as a “core pool.” It is a pool from Sturdy Finance, a protocol that provides leverage accepting BPT as collateral. It can attract more trading volume
[BIP-308] Enable Layer Zero Cross chain Boosts
Vote: Yes.
Rationale: This proposal is to enable permissions for the Layer Zero system to function properly.
[BIP-309] Enable L2 Gauge Checkpointer
Vote: Yes.
Rationale: This proposal enables the deployment of a contract that automates that checkpoint process for bridging BAL to L2s where Balancer is present.
[BIP-310] Enable Gauge Adder v4
Vote: Yes.
Rationale: This proposal aims to add a contract that helps to prevent a wrong configuration on the GaugeController.
[BIP-311] Enable ankrETH/wstETH Gauge on Ethereum
Vote: Yes.
Rationale: This is a gauge migration from the ankrETH/wETH pool to one with two LSTs. It will bring more yield for LPs.
[BIP-312] Set Escrow Re-mapper Manager for Aura
Vote: Yes.
Rationale: This is an important step to enable Aura to support the growth of the Balancer ecosystem in other chains as it successfully does in ETH Mainnet.
[BIP-313] Enable Gnosis Gauges
Vote: Yes.
Rationale: These 3 gauges will help to incentivize liquidity in Gnosis Chain, where Balancer is already positioned. It makes sense to push adoption further with well-known protocols (CoWSwap, Angle, Gnosis, etc).
[BIP-314] - Funding Proposal For Beethoven X DAO - Marketing
Vote: Yes.
Rationale: The work provided so far has good quality, the metrics seem sound, and the strategy is aligned with best practices in other protocols. The ask (30k/month) is reasonable.
[BIP-315] Add Single Recipient Gauge to Checkpointer
Vote: Yes.
Rationale: The L2 gauge checkpointer will act as an automation for the distribution of BAL to single recipient gauges like veLIT and veUSH.
Vote: Yes.
Rationale: This will introduce a change (remove a step) in depositing tokens directly to the fee distributor, making it fully automated.
3 Likes
[BIP-317] Enable baoETH/ETH gauge w/2% emissions cap
Vote: Yes.
Rationale: This is bao’s protocol base pool for their synthetic ETH, driving liquidity and fees to Balancer. It is a good practice to onboard pools like this in Balancer, as it creates stronger ties with these protocols.
[BIP-318] Grant Avalanche Permissions
Vote: Yes.
Rationale: This set up all permissions to deploy Balancer in Avalanche.
[BIP-319] Distribute proceeds from bb-e-usd permissioned arbitrage
Vote: Yes.
Rationale: This was the last step of the recovery process created on the BIP-299. It distributed the proceeds to the LPs from the affected pool.
[BIP-320] Enable PAL/OHM 80/20 Gauge [Arbitrum]
Vote: Yes.
Rationale: This established a gauge for the primary PAL liquidity on Arbitrum. As an 80/20 gauge, it was capped at 2%.
[BIP-321] Enable OHM/LUSD Gauge on Ethereum
Vote: Yes.
Rationale: The OHM pools (OHM/WETH, OHM/DAI) are amongst the higher volume pools in Balancer. Introducing a new pool with this uncapped gauge, paired with the LUSD stablecoin, will likely have the same results.
[BIP-322] Allocate Balancer’s 3M ARB
Vote: Yes.
Rationale: The proposal directs 2M ARB to the proposed AURA/BAL/ARB pool on Arbitrum. It aligns with AIP-25 and sets the stage for Aura’s deployment in that chain.
[BIP-323] Authorize Mimic Smart Vaults on Optimism & Polygon
Vote: Yes
Rationale: Automation to collect protocol fees, sell for USDC, and then bridge back to Ethereum if necessary.
[BIP-324] Enable Layer Zero Cross Chain Boosts on zkEVM and Avalanche
Vote: Yes
Rationale: Setup for having Layer Zero cross-chain boosts for zkEVM and Avalanche.
[BIP-325] Replace Solarcurve with Tritium on DAO Multisig
Vote: Yes
Rationale: Tritium has the diligence and tech knowledge to perform all the tasks required.
[BIP-326] Cleanup Unused Gauges
Vote: Yes
Rationale: Housekeeping to remove old and unused or not-often-used gauges. The impacted protocols may reapply for gauge approval.
[BIP-327] Enable rETH / bb-a-wETH Gauge [Ethereum]
Vote: Yes
Rationale: Uncapped core pool gauge request for large market yield-bearing tokens in a composable stable pool consisting of rETH and Balancer boosted ETH with Aave v3.
[BIP-328] Enable Initial zkEVM Gauges [zkEVM]
Vote: Yes
Rationale: Setup for enabling gauges on zkEVM. The pools in this proposal contain large market yield bearing LST assets to set up Balancer and Aura for zkEVM, and will be added as core pools to the core pool cycle.
[BIP-329] Enable ACID/WETH Gauge [Arbitrum]
Vote: Abstain
Rationale: The protocol was unresponsive in our interactions.
[BIP-330] Enable OHM/bb-a-DAI Gauge [Ethereum]
Vote: Yes
Rationale: This proposal created an uncapped gauge alternative to the OHM/DAI pool, and includes the yield-bearing AAVE equivalent for DAI. It will generate more returns for LPs and more fees for the protocol.
[BIP-331] Enable DOLA StablePool Gauges [Arbitrum]
Vote: Yes
Rationale: Two uncapped Dola stable pool requests for Arbitrum. It Aligns with Arbitrum expansion and Inverse Finance already has two other pools in Ethereum Mainnet (~8,7m TVL). It seeks to deepen DOLA liquidity and reduce dependence on the Curve Ecosystem. It will provide voting incentives for these pools.
[BIP-332] Reallocate wstETH/wETH Protocol Fees
NOTE: Due a script issue, the Aura Delegates’ votes on BIP-332 was not submitted. It was revoted during the June 22nd round as BIP-342.
[BIP-333] - Deploy Balancer on Linea
Vote: Abstain
Rationale: We’re unfamiliar with this blockchain, so we chose “Abstain”.
[BIP-334] Fee Discount for 1inch Labs Solver
Vote: Yes
Rationale: It is the same setup created for CoW Swap, to give 1inch a discount on fees to boost swap flow. It is a good practice to foster competition to get better results.
[BIP-335] Enable wstETH/ma3wETH Gauge and Designate it a Core Pool
Vote: Yes
Rationale: This seeks uncapped gauge and core pool approval for the wstETH/ma3WETH composable stable pool. ma3WETH is a product of the Morpho Labs lending protocol built on Aave that provides Aave APY and peer-to-peer lending and borrowing matching to improve APY on both sides. Morpho Labs has TVL of around $752mm and many audits. It predicts ma3WETH can provide an additional 1.8% of boosted APY annually. Lido intends to provide budgeted liquidity incentives to the poo for the first month for bootstrapping.
[BIP-336] - Enable uniETH/wETH Gauge [Ethereum] w/ 2% emissions cap
Vote: Yes.
Rationale: This proposal from Bedrock sought a gauge capped at 2% emissions for the uniETH-wETH composable stable pool. Bedrock’s native tokenized version of staked Ether is uniETH and has more than 2176 ETH (> USD3.7mil) staked. This pool will provide boosted yield for the Balancer protocol and LPs and provide Bedrock with a primary source of liquidity for uniETH/wETH swaps.
[BIP-337] Enable OHM / bb-a-wETH Gauge [Ethereum]
Vote: Yes.
Rationale: This sought an uncapped core composable stable pool for 50/50 OHM / bb-a-wETH as the boosted yield from bb-awETH for the Balancer protocol and LPers. The core pool status will provide flywheel incentives for the pool.
[BIP-338] Enable 55/45 auraBAL/wstETH Gauge [Arbitrum]
Vote: Yes.
Rationale: This seeks a 2% capped gauge of 55/45 auraBAL/wstETH to provide auraBAL liquidity on Arbitrum. Aura submitted AIP-33 to incentivize this pool for the next 10 gauge rounds. wstETH/wETH already has substantial liquidity on Arbitrum, while this gauge will provide auraBAL with liquidity for its Arbitrum expansion. The pairing with wstETH will increase incentives for Arbitrum core pools.
[BIP-339] Enable Stafi rETH/WETH Gauge 10% Cap [Arbitrum]
Vote: Yes.
Rationale: This proposal seeks to expand rETH/wETH liquidity on Arbitrum by creating a core pool with emissions capped at 10%. StaFi has an existing rETH/wETH pool on Mainnet with a TVL of nearly $5mm. StaFi intends to make this new pool its primary source of rETH liquidity on Arbitrum. The pool will benefit Balancer’s and Aura’s expansion on Arbitrum while providing boosted yield and core pool incentives.
[BIP-340] Migrate vETH StablePool Gauge [Ethereum]
Vote: Yes.
Rationale: This proposal will add a gauge for a vETH/wETH pool on Ethereum, with a 10% emissions cap. The initial gauge was approved BIP-269, but Bifrost is seeking to migrate it due to a change in the rate provider contract for vETH2. The Orb integrations team reviewed the oracle’s rate provider code and confirmed a proper setup will return the correct exchange rate o. At least two limited risks are associated with the rate provider that Orb integrations determined are highly unlikely.
[BIP-341] Set Escrow Re-mapper Manager for Tetu
Vote: Abstain.
Rationale: This proposal seeks to enable Tetu’s cross-chain Balancer boost. The Aura Delegate Council would prefer to see Tetu bring additional value to the Balancer ecosystem, but acknowledges that Tetu is a competitor to Aura Finance and opposing this request may not be in the best interest of the Balancer ecosystem. The delegates have therefore decided to abstain rather than actively oppose this request.
[BIP-342] Reallocate wstETH/wETH Protocol Fees *revote of BIP-332
NOTE: This is a revote on BIP-332. Aura missed voting for BIP-332 on Balancer Snapshot last round even though it unanimously passed the Aura vote for BIP-332.
Vote: Yes.
Rationale: The gauge incentive portion of the protocol fees for this pool will be allocated as incentives for wstETH/bb-a-wETH. This will further incentivize the fully-boosted version of this pool to secure additional deposits in Aave. As a double yield-generating asset pool, the fully-boosted version provides better returns for LPs and the protocol. The older pool also lacks management tools introduced later (adjust the swap fee and the A factor), so a migration is recommended.
[BIP-343] Grant emergencyDAO disable recovery mode on Weighted and ComposableStable pools
Vote: Yes.
Rationale: On the 24th of June 2023, the Balancer Emergency SubDAO, put all Composable Stable Pools (CSPs) into Recovery Mode. This was in response to an incident reported by ImmuniFi that Balancer Labs could not immediately verify or disregard. The ongoing investigation leads to the belief that many pools can run safely outside Recovery Mode. The Emergency DAO has requested rights to disableRecoveryMode() on all CSPs and all Weighted Pools version 2 and above.
This will allow them to unpause pools as it becomes sensible, without a 1-2 week governance delay.
[BIP-344] Activate Optimism Initial Pool Gauges [Optimism]
Vote: Yes.
Rationale: As layer zero permits cross-chain boosting to veBAL gauges and the potential launch of Aura on Optimism, it makes sense to move forward with activating gauges on the network for pools that drive revenue there. This proposal aims to turn on gauges for four weighted pools:
Happy Road 1 (40WETH-40OP-20USDC) - uncapped
Proof of Reserves (50ERN-50USDC) - 2% cap
Bonded Oath Token (80OATH-20WETH) - 2% cap
Tri-SONNE Harmonic Crescendo 2 (Beets Reaper SONNE Boosted 25wBTC-50wstETH-25USDC) - uncapped
[BIP-345] Enable wstETH/WETH Gauge [Optimism]
Vote: Yes.
Rationale: This pool uses the metastable pool factory, which allows the protocol fee on yield to be taken, even with the recent potential issue raised for CSPs. This is the best option until the CSP protocol fee is sorted out.
[BIP-346] Enable wstETH/WETH Gauge w/ 10% cap [Optimism]
Vote: Yes.
Rationale: This proposal is for a custom pool from Gyroscope built on top of Balancer’s pool architecture that will bring a new kind of concentrated liquidity to BeethovenX that is much more efficient and customizable compared to all other existing pool types. The pool is an E-CLP or Elliptic Concentrated Liquidity Pool. This pool type is ideally suited for liquid staking tokens and could generate significant trading volume. The fee split is as follows: 50% of all collected fees will go to liquidity providers, while the remaining 50% will go towards BeethovenX.
[BIP-347] Fund Balancer Maxis for Q3 2023
Vote: Yes.
Rationale: The Maxis keep the Balancer DAO engine running, and this request didn’t increase the total funding significantly. They are constantly absorbing more tasks, and it is an SP that is running properly.
[BIP-348] Ecosystem ONsite Proposal Q4 2023
Vote: Abstain.
Rationale: We are impartial on this matter, so we leave this decision to the other voters.
Vote: Yes.
Rationale: This proposal is for the Adm & Ops part of OpCo (+ GRC). The original proposal was broken in two to differentiate the product (Front-end) development from the adm part. It trimmed a buffer of +80k USD (if the need arises, they will make a proposal specific to that). Sounds reasonable, and the GRC absorption was requested by the Ecosystem Council.
[BIP-350] Balancer Grants DAO Service Provider Proposal Q3 2023
Vote: Abstain
Rationale: We are impartial on this matter, so we leave this decision to the other voters.
[BIP351] Funding Proposal for the Balancer OpCo - Product Team - FY23 Q3 through FY24 Q1
Vote: Yes.
Rationale: This proposal is for the Product part of OpCo. The original proposal was broken down to differentiate the Product (Front-end) development from the adm part. It trimmed an extra 100k USD from the original and reduced the length (funding for nine months now). It will maintain the support to the Front-end and introduce new features to improve the user experience.
[BIP-352] Funding Proposal for the Integrations Team (Three Rocks)
Vote: Yes.
Rationale: This proposal is for the Integration Team (an orb’s spin-off), composed of 4 members. The ask is 306k USD + 61k BAL for five months. The team is responsible for helping new partners integrate into the Balancer ecosystem, building tools to automate this process and performing code reviews to ensure safety, and it is a reasonable request.
1 Like