[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.