# \[BIP-218\] Enable bb-s-USD Gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [March 8, 2023, 4:13pm UTC](https://forum.balancer.fi/t/bip-218-enable-bb-s-usd-gauge-ethereum/4474 "2023-03-08T16:13:00Z")\ **Posts on this page:** 4\ **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:** [March 8, 2023, 4:13pm UTC](https://forum.balancer.fi/t/bip-218-enable-bb-s-usd-gauge-ethereum/4474/1 "2023-03-08T16:13:00Z")
[PR with payload](https://github.com/BalancerMaxis/multisig-ops/pull/116) **Summary:** > This pool uses the [ComposableStablePoolFactory-v3](https://etherscan.io/address/0xdba127fbc23fb20f5929c546af220a991b5c6e01#readContract) and is composed of three Sturdy Finance linear pools. The underlying tokens are USDC, DAI, and USDT. These will each be wrapped through Sturdy’s stable coin 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 all large cap stable tokens. Sturdy offers a WETH lending markets as well, but the natural first step is to work with stable tokens. This diversifies the options for stablecoin LPs on our platform to optimize their positions. **References/Useful links:** > Sturdy: Link to: > • [Website](https://sturdy.finance/) > • [Documentation](https://docs.sturdy.finance/overview/what-is-sturdy) > • [Github Page](https://github.com/sturdyfi) > • [Communities](https://discord.gg/tRVHp6Vx5N) - Discord > 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:** > Sturdy finance utilizes a leveraged borrowing market in order to earn the lenders returns for their user’s to deposit digital assets and receive yield. Borrowers then can use the funds on whitelisted farms on several protocols, Balancer being one of them. The farming rewards are then split between lenders and borrowers. More information on Sturdy’s structure strategies can be seen [here](https://docs.sturdy.finance/overview/collateral-staking-strategies). 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 ability to increase capital efficiency using linear and boosted pools is taking shape across the protocol. This Sturdy boosted pool fits Balancer’s initiative to be a protocol where LPs can safely tap into external yield sources, while maintaining effective liquidity for swapping. This will earn both LPs and the DAO yield and provide Idle with a place for their wrapped tokens to easily be swapped and deposited as the pool increases in TVL. **Specifications:** 1. **Governance:** USDC are centralized and does not have a governance forum. DAI is collateralized by MakerDAO. Sturdy’s governance details can be seen [here](https://sturdyfinance.medium.com/strdy-tokenomics-13d06233cab1). Their token has not yet been released. 2. **Oracles:** This pool only relies on the rate providers of the linear pools to inform when yield is earned. 3. **Audits:** See Sturdy’s [here](https://docs.sturdy.finance/risk/security-and-audits) 4. **Centralization vectors:** Sturdy’s multisig signers are noted [here](https://docs.sturdy.finance/risk/multisig). 5. **Market History:** See USDC [here](https://www.coingecko.com/en/coins/%5D(https://www.coingecko.com/en/coins/usd-coin)). 6. **Value:** LPs & Balancer will earn the protocol fee on underlying bb-s-USD as well as swap 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: [0x779d01F939D78a918A3de18cC236ee89221dfd4E](https://app.balancer.fi/#/ethereum/pool/0x779d01f939d78a918a3de18cc236ee89221dfd4e0000000000000000000004c7) Link to gauge: [0xFd29298041eA355cF7e15652689F2865443C3144](https://etherscan.io/address/0xFd29298041eA355cF7e15652689F2865443C3144) ### 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 `0xFd29298041eA355cF7e15652689F2865443C3144` and the corresponding gauge type for the data(bytes) argument. data(bytes) : `0x3a04f900000000000000000000000000fd29298041ea355cf7e15652689f2865443c31440000000000000000000000000000000000000000000000000000000000000002` ---
**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:** [March 21, 2023, 7:05am UTC](https://forum.balancer.fi/t/bip-218-enable-bb-s-usd-gauge-ethereum/4474/2 "2023-03-21T07:05:58Z")
Given the status of the proposal and no further comments or concerns raised here, I see no reason to not post it to snapshot this week. Any objections? ---
**Author:** ![Matthew\_Graham](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/matthew_graham/32/1081_2.png) [@Matthew\_Graham](https://forum.balancer.fi/u/Matthew_Graham)\ **Post date:** [March 21, 2023, 9:21pm UTC](https://forum.balancer.fi/t/bip-218-enable-bb-s-usd-gauge-ethereum/4474/3 "2023-03-21T21:21:59Z")
This could be the highest APY stable coin pool on Balancer, before emissions. It would be great to see this pool grow and become a solid revenue source for the community. With the introduction of deposit incentives on Sturdy’s liquidity pools, details [here](https://gov.sturdy.finance/t/sip-001-dynamic-emissions/12), this is very nicely timed vote. ---
**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:** [March 22, 2023, 7:01pm UTC](https://forum.balancer.fi/t/bip-218-enable-bb-s-usd-gauge-ethereum/4474/4 "2023-03-22T19:01:57Z")
[https://snapshot.org/#/balancer.eth/proposal/0x085637259167da122dbc06ed26427a35b93b561e7855c0a7600e9e475b8b5973](https://snapshot.org/#/balancer.eth/proposal/0x085637259167da122dbc06ed26427a35b93b561e7855c0a7600e9e475b8b5973)