[BIP-377] Enable yBAL / 80-20BAL-wETH [Ethereum]
Vote: Yes.
Rationale: This is a liquidity pool for yBAL and can drive trading volume to Balancer. The pool is capped at 2%.
[BIP-378] Re-Enable Overnight Pulse Gauge [Arbitrum]
Vote: Yes.
Rationale: Overnight is a protocol specializing in delta-neutral strategies. Overnight’s core product is USD+, a 100% collateralized yield-bearing stablecoin. In March 2022, [BIP-208] enabled a gauge for Overnight Pulse pool on Arbitrum. This is a request to re-enable the gauge.
[BIP-379] Enable Dola/USD+ Gauge [Arbitrum]
Vote: Yes.
Rationale: This is a pool of two stablecoins. USD+ from Overnight and DOLA form Inverse. The protocols will incentivize the pool, as they are aiming to bring all Arbitrum liquidity to it.
[BIP-380] Enable wstETH/rETH/cbETH Gauge [Arbitrum]
Vote: Yes.
Rationale: This is a pool to facilitate swaps between these three LSTs, attracting trading volume to Balancer on Arbitrum.
[BIP-381] Enable Aave Boosted USDC/USDC.e Gauge [Arbitrum]
Vote: Yes.
Rationale: This is a composable stable pool factory v5 and contains two separate linear pool tokens; bb-a-USDC and bb-a-USDC. These are Balancer’s AAVE-boosted Arbitrum native USDC and bridged USDC.
As Circle migrates from bridged to native USDC, several dexes offer the ability to swap between both assets, bringing in considerable volume.
[BIP-382] Enable bb-rf-usd Gauge [Optimism]
Vote: Abstain.
Rationale: It is unclear where the multi-strategy vaults allocate the funds and, with this added complexity, the choice was to abstain this time.
[BIP-383] Enable bb-rfWSTETH/bb-rfWBTC/bb-rfUSDC Gauge [Optimism]
Vote: Abstain.
Rationale: Rationale: It is unclear where the multi-strategy vaults allocate the funds and, with this added complexity, the choice was to abstain this time.
[BIP-384] Migrate Stafi rETH/WETH Gauge [Arbitrum]
Vote: Yes.
Rationale: Change of pool and gauge to upgrade the rate provider for the tokens, and all parameters will remain the same as the previous pool.
[BIP-385] Enable MAI-DOLA Gauge [Arbitrum]
Vote: No.
Rationale: There is a lot of uncertainty with bad debt positions, so this is not the best time to incentivize this pool.
[BIP-386] Allocate Base Incentives
Vote: Yes.
Rationale: This proposal asks for 50k USDC as launch incentives to kickstart Balancer’s presence on Base. The idea is to get a strong set of protocols in the beginning of the liquidity providing in this chain.
[BIP-387] Give Balancer Maxis ability to add 3rd party rewards to mainnet gauges 1
Vote: Yes.
Rationale: This grant permission to Bal Maxis to add 3rd parties pool rewards on gauges that are not in the veBAL system. This action is important to help to keep liquidity on Balancer that is not interested in using veBAL incentives.
[BIP-388] Wire up Base Chain in preparation for launch
Vote: Yes.
Rationale: This proposal asks for Governance authorization to set up all configurations for Balancer’s launch on the Base chain. It is a standard procedure to start the protocol on a new chain.
[BIP-389] Enable DUSD/Boosted Aave v3 USD Gauge [Arbitrum]
Vote: Yes.
Rationale: Davos’ DUSD is a stablecoin that prioritizes Liquid Staking Tokens (LSTs) as collateral. The protocol will incentivize the pool, as it is the primary liquidity source for DUSD on Arbitrum.
[BIP-390] Enable DUSD/Boosted Aave v3 USD Gauge [Polygon]
Vote: Yes.
Rationale: Davos’ DUSD is a stablecoin that prioritizes Liquid Staking Tokens (LSTs) as collateral. The protocol will incentivize the pool, as it is the primary liquidity source for DUSD on Polygon.
[BIP-391] Enable BETS-wstETH Gauge [Ethereum]
Vote: Abstain
Rationale: We didn’t have enough information about the protocol, so we chose to vote on abstain.
[BIP-392] Enable a new BRZ-jBRL Stable Pool Gauge | 2% cap (Polygon)
Vote:Abstain
Rationale: We didn’t have enough information about the protocol, so we chose to vote on abstain.
[BIP-393] Fund Beethoven X DAO - Technical for Aug - Dec 1
Vote: Yes.
Rationale: This proposal asks for an extension to the funding of the Technical part of Beethoven X DAO that supports Balancer development. Daniel and his team are playing an important part in creating tools to simplify Balancer infrastructure flow.
[BIP-394] Fund Beethoven X DAO - Marketing for Aug - Dec
Vote: Yes.
Rationale: This proposal asks for an extension to the funding of the Marketing part of Beethoven X DAo that is currently responsible for Balancer’s social, content and marketing efforts. The quality of the work so far is excellent, and there are several interesting initiates in the pipeline for the next months.
[BIP-395] Delegate AAVE/stkAAVE to TokenLogic
Vote:
Abstain 75.93%
No, this is not the way 23.64%
Yes, let’s do it 0.43%
Rationale for the highest percentage: There are ongoing discussions with them about other partnerships, so it was in our best interest to remain impartial and abstain from this vote.
[BIP-396] Enable jCHF-VCHF Gauge w/ 2% emissions cap [Polygon]
Vote: Yes.
Rationale: This is a pool to create deeper liquidity for CHF stablecoins, pairing the jCHF and VCHF.
[BIP-397] Authorize Mimic Smart Vault on Gnosis Chain
Vote: Yes.
Rationale: As MIMIC is the tool for multichain fee processing for Balancer, it is time to grant the needed permissions for it to operate on the Gnosis chain.
[BIP-398] Enable Gauges for Bloom TBYs (ETH), Approve Future Maturity Gauges
Vote: Yes.
Rationale: Balancer pools will be the primary liquidity for this product, and it will be incentivized on Aura. One point of attention is that each TBY has its maturity after 6 months, so new pools are needed regularly, and this proposal asked for automatic approval of the new ones.
Vote:
Protofire 52.81%
Abstain 31.43%
Bleu 15.75%
Rationale fo the highest percentage: After reviewing the report presented by Balancer Grants and the proposals made by the teams, Protofire’s seemed to have the best cost/benefit, being considered technically capable.
[BIP-400] Enable WMATIC/MaticX Gauge w/ 10% cap [Polygon]
Vote: Yes.
Rationale: The pool is an Elliptic Concentrated Liquidity Pool (E-CLP) from Gyroscope, and it is already live. Instead of adding direct SD incentives, Stader now wishes to tap into Balancer veBAL tokenomics and incentivize veBAL votes.
[BIP-401] Enable tBTC/WBTC [Ethereum]
Vote: Yes.
Rationale: tBTC is a decentralized wrapped Bitcoin, that is 1:1 backed by mainnet BTC. Threshold DAO seeks to consolidate deep liquidity on Mainnet using this pool. The protocol will incentivise the pool, as it intends this pool to be a part of their long-term tBTC strategy.
[BIP402] Enable Overnight Steady Accord Pool Gauge [Optimism]
Vote: Yes.
Rationale: Overnight Steady Accord is the new implementation of Overnight Pulse, a boosted USDC-DAI pool that relies on USD+ for yield, and it was activated on BIP-208. This is the request to re-enable the gauge, following the changes to its code-base.
[BIP-403] Enable BETS-wstETH Gauge [Arbitrum]
Vote: Yes.
Rationale: BETS is deploying their POL in Arbitrum in this pool after the issues with Multichain. The ask is for core pool incentives with a 2% gauge, to make it the secondary source of liquidity for the token.
[BIP-404] Kill Unused Gauges Week 33
Vote: Yes.
Rationale: This proposal aimed to kill 5 gauges that are not in use due to partnerships that are no longer active. It is a good practice to have enabled only active gauges.