Summary:
This pool uses the WeightedPoolFactory-v3and is composed of 2 Agave Finance linear pools and the bb-ag-USD boosted pool. The underlying tokens are WBTC, WETH, USDC, USDT and DAI. These will each be wrapped through Agave’s lending 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 large cap tokens only. Agave is a fork of Aave and native to the Gnosis chain making it the logical choice for boosted rewards for Balancer LPs to access on the new network.
References/Useful links:
Link to:
• Website
• Documentation
• Github Page
• Communities
Protocol Description:
Agave, as stated, is a direct fork of Aave’s money market, this encompasses both a lending and borrowing side for users. Agave was built by 1Hive to bring Defi to what is now Gnosis Chain for lower fees to participate overall. WBTC, WETH, and the three major stable coins speak for themselves. These pairs are crucial to support and in theory will facilitate as a base for trades on Balancer’s Gnosis Chain deployment.
Motivation:
This Agave boosted pool couples the boosted WBTC, WETH and bb-ag-USD tokens to facilitate a strong liquidity base on Balancer with Gnosis. Supporting the major pairs encompassed in this pool will position Balancer as a pillar in the ecosystem for trade aggregation to occur through. The boosted APR yield to this pool that will persist for users organically and kickstart a flywheel for incentives to drive liquidity depth on Gnosis Chain. By expanding to a new chain, getting boosted pools off the ground first thing sets a precedent for net positive growth for Balancer and LPs on the network.
Specifications:
- Governance: Gnosis’ forum here.
- Oracles: This pool only relies on the rate providers of the linear pools to inform when yield is earned.
- Audits: N/A
- Centralization vectors: N/A
- Market History: See GNO.
- Value: We will earn the protocol fee on the underlying yields, plus trading fees. 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: 0x66F33Ae36dD80327744207a48122F874634B3adA
Link to gauge: 0x56A65cC666bfe538c5a031942369F6F63eb42240
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 0x56A65cC666bfe538c5a031942369F6F63eb42240 and the corresponding gauge type for the data(bytes) argument.
data(bytes) : 0x3a04f90000000000000000000000000056a65cc666bfe538c5a031942369f6f63eb422400000000000000000000000000000000000000000000000000000000000000002