Aura Delegate Thread

Delegate Citadel
12

[BIP-108] Enable SD/MaticX 80/20 Gauge with 2% emissions cap (Polygon)

Vote: Yes

Rationale: No concerns and glad to see tis will be the primary liquidity source for Stader on Polygon.

[BIP-109] Whitelist Aragon Gnosis Safe for Balancer’s VotingEscrow

Vote: Yes

Rationale: Great to see Aragon getting involved.

[BIP-110] Enable T/WETH 80/20 Gauge w/2% emissions cap [Ethereum]

Vote: Yes

Rationale: No concerns.

[BIP-111] Index Coop x Balancer DAO Partnership

Vote: Abstain

Rationale: The Aura delegate council debated this proposal and determined that the best course of action was to abstain. Whilst there are potential benefits to Balancer the benefits seem rather small and generally token swaps can be problematic. With that said, the delegate council did not feel strongly enough regarding this proposal to take a firm stance and so has chosen to abstain.

1 Like
13

Hi Aura delegate council! The Index Coop team appreciates the consideration. Regardless of the outcome, we are excited for future collaboration as we look to incorporate current Aura Boosted BPTs into our upcoming strategies.

5 Likes
14

[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
15

[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
16

[BIP-143] Save. Earn. Borrow w/BalancerP2P (includes: licensing fees, increased LP activity, new product, more engagement)

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
17

[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
18

[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
19

[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
20

[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
21

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
22

[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
24

The link above has been amended and the link to forum discussion has also been added. That should provide more context.

2 Likes
25

[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
26

[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
27

[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
28

[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
29

[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.

[BIP-241] Aave v3 Migration

Vote: Yes

Rationale: This proposal will streamline the migration to v3 and is good for the ecosystem.

1 Like
30

[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
31

[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.

[BIP-262] L2 Gauge Migration

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
32

[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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 Suggestion: 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 suggestion: Yes

Rationale: We encourage broader participation in protocols building liquidity on balancer, and making good use of the 8020 pools.

2 Likes