# \[BIP-180\] Enable zUSD/bb-euler-USD Gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [February 9, 2023, 6:53pm UTC](https://forum.balancer.fi/t/bip-180-enable-zusd-bb-euler-usd-gauge-ethereum/4367 "2023-02-09T18:53:27Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\ **Post date:** [February 9, 2023, 6:53pm UTC](https://forum.balancer.fi/t/bip-180-enable-zusd-bb-euler-usd-gauge-ethereum/4367/1 "2023-02-09T18:53:27Z")
[PR with multisig payload](https://github.com/BalancerMaxis/multisig-ops/pull/59) **Summary:** > Due to the recent [vulnerability disclosure](https://forum.balancer.fi/t/reentrancy-vulnerability-scope-expanded/4345), the deployment of the [ComposableStablePoolFactory-v3](https://etherscan.io/address/0xdba127fbc23fb20f5929c546af220a991b5c6e01#readContract) is configured to address the potential issues related to Balancer’s previous composable stable pools (v2).This pool uses the new pool factory and will be composed of three Euler linear pools. The underlying tokens are USDC, DAI, and USDT. These will each be wrapped through Euler’s market to earn LPs additional yield. This gauge would enter as a “core pool” under BIP-19, meaning protocol fees earned by this pool would be used to bribe for votes on it. The gauge can be uncapped based on the contents being all large cap stable tokens. **References/Useful links:** > Euler: Link to: > • [Website](https://www.euler.finance/) > • [Documentation](https://docs.euler.finance/) > • [Github Page](https://github.com/euler-xyz) > • [Communities](https://forum.euler.finance/) > zUSD > • [Website](https://stablecoin.z.com/zusd/) > • [Documentation](https://stablecoin.z.com/assets/pdf/Whitepaper.pdf) > • [Github Page](https://github.com/trust-zcom) > • [Communities](https://twitter.com/GMOTrust) > USDC: Link to: > • [Website](https://www.circle.com/en/usdc) > • [Documentation](https://developers.circle.com/docs/what-is-usdc) > • [Github Page](https://github.com/centrehq/centre-tokens) > • [Communities](https://www.coingecko.com/en/coins/usd-coin) - Coingecko link **Protocol Description:** > Euler is a permissionless lending protocol custom-built to help users lend and borrow digital assets. This provides yield bearing sources for various tokens, this case the stablecoins listed above. zUSD is a stablecoin launched by [GMO.z-trust.com](http://GMO.z-trust.com) a company aiming to sustainability become a staple in the stablecoin market. USDC is the dollar backed stablecoin issued by Circle. DAI is the decentralized overcollateralized stablecoin by MakerDAO. USDT is the dollar backed stablecoin issued by Tether. **Motivation:** > Balancer’s heavy interest in taking over the yield bearing token space and increased capital efficiency through linear and boosted pool architecture continues to take effect. zUSD volume will be routed through Balancer as any other stable coin would and provides better trading routes on the protocol and more sustainable pool options for liquidity providers to place their funds. **Specifications:** 1. **Governance:** USDC are centralized and does not have a governance forum. DAI is collateralized by MakerDAO. Euler’s governance details can be seen [here](https://docs.euler.finance/euler-governance/getting-started). zUSD is centralized as stated in their [whitepaper](https://stablecoin.z.com/assets/pdf/Whitepaper.pdf). 2. **Oracles:** This pool only relies on the rate providers of the linear pools to inform when yield is earned. 3. **Audits:** See Euler’s [here](https://docs.euler.finance/security/audits) See zUSD audits [here](https://github.com/trust-zcom). 4. **Centralization vectors:** USDC is inherently centralized. zUSD is centralized. 5. **Market History:** See USDC [here] ([https://www.coingecko.com/en/coins/](https://www.coingecko.com/en/coins/usd-coin)](https://www.coingecko.com/en/coins/%5D(https://www.coingecko.com/en/coins/usd-coin))). and Euler [here](https://www.coingecko.com/en/coins/euler). see zUSD [here](https://www.coingecko.com/en/coins/zusd). 6. **Value:** Balancer & LPs will earn on underlying bb-euler-USD as well as swap fees on zUSD. BIP-19 will incentivize TVL to continue to grow here with trading volume and this implementation will continue to draw in new volume, as well as showcase the power of these pool types. Link to pool: [0x3dbb8D974b82E82CE79c20C0F5995F4f1f533eDE](https://etherscan.io/address/0x3dbb8D974b82E82CE79c20C0F5995F4f1f533eDE) Link to gauge: [0x2064dd25d709d6a00914dE17Ddf89Ba1cC967D7b](https://etherscan.io/address/0x2064dd25d709d6a00914dE17Ddf89Ba1cC967D7b) ### Specification The DAO Multisig `0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f` will interact with the AuthorizerAdaptor at `0x8F42aDBbA1B16EaAE3BB5754915E0D06059aDd75` and call performAction with the GaugeController at `0xC128468b7Ce63eA702C1f104D55A2566b13D3ABD` for the target(address) argument and using 0x3a04f900 followed by the gauge address `0x2064dd25d709d6a00914dE17Ddf89Ba1cC967D7b` and the corresponding gauge type for the data(bytes) argument. data(bytes) : `0x3a04f9000000000000000000000000002064dd25d709d6a00914de17ddf89ba1cc967d7b0000000000000000000000000000000000000000000000000000000000000002` ---
**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\ **Post date:** [February 9, 2023, 8:05pm UTC](https://forum.balancer.fi/t/bip-180-enable-zusd-bb-euler-usd-gauge-ethereum/4367/2 "2023-02-09T20:05:13Z")
[https://snapshot.org/#/balancer.eth/proposal/0x6b89d2d574f98ff2c13eed02df4980e1cd4c4e00ce0386c2c1115794ca1b084d](https://snapshot.org/#/balancer.eth/proposal/0x6b89d2d574f98ff2c13eed02df4980e1cd4c4e00ce0386c2c1115794ca1b084d) ---
**Author:** ![solarcurve](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/solarcurve/32/1487_2.png) [@solarcurve](https://forum.balancer.fi/u/solarcurve)\ **Post date:** [February 12, 2023, 12:42pm UTC](https://forum.balancer.fi/t/bip-180-enable-zusd-bb-euler-usd-gauge-ethereum/4367/3 "2023-02-12T12:42:24Z")
just want to write a note in support of this gauge. zUSD is currently a very small stablecoin but it can be minted & redeemed by those who have KYC’d and created a bank account with the issuer. They will be bribing on Aura with a plan to grow zUSD market cap to $300M from today’s $1.5M. one can ponder the money that will be spent to achieve such a thing. This is a pretty big company out of Japan so they have the resources.