# \[BIP-236\] Enable WETH/3pool Gauge \[Ethereum\]

**URL:** <https://forum.balancer.fi/t/bip-236-enable-weth-3pool-gauge-ethereum/4591>\
**Category:** BAL Gauges\
**Created:** [April 2, 2023, 5:46pm UTC](https://forum.balancer.fi/t/bip-236-enable-weth-3pool-gauge-ethereum/4591 "2023-04-02T17:46:39Z")\
**Posts on this page:** 2\
**Page:** 1

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**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:** [April 2, 2023, 5:46pm UTC](https://forum.balancer.fi/t/bip-236-enable-weth-3pool-gauge-ethereum/4591/1 "2023-04-02T17:46:39Z")

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#### PR with payload

> <https://github.com/BalancerMaxis/multisig-ops/pull/128>
>
> \- BIP-229-230: Adding airdrop csv for SP funding
> \- BIPs 231-239: Adding single …executable json for gauges for BIP 231-239 (polygon first, then mainnet) 
> \- Great migration gauges excluded!

**Summary:**

> This proposal is meant to provide a liquidity gauge for a classic pairing of WETH and the vanilla 3pool containing three core stable coins in Defi, USDC, DAI, and USDT. The reason behind this pool receiving a gauge is to have a place for liquidity providers who are not comfortable with taking on risk in yield bearing pools such as boosted stable and LSD pairings. This will be a core liquidity pool for Balancer for users who are interested in simpler pool configurations.

**References/Useful links:**

> 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:**

> WETH we all know and love, wrapped Ethereum. 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:**

> Mainly due to the Euler exploit proving boosted stable pools and the nesting of said boosted pools with asset pairings can have cascading risks, it is in Balancer’s best interest to incentivize LPs in both the new tech that was developed, and the less complex options. This will ensure LPs of different profile styles have a place to park liquidity on Balancer and ultimately will drive up TVL and fees in theory.

**Specifications:**

1. **Governance:** USDC are centralized and does not have a governance forum. DAI is collateralized by MakerDAO. USDT carries it’s own risks belonging to Tether.
2. **Oracles:** N/A
3. **Audits:** N/A
4. **Centralization vectors:** USDC in inherently centralized through Circle.
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 swap fees and not be exposed to any lending protocols, like the boosted pool options Balancer has. BIP-19 will incentivize TVL to continue to grow here with trading volume increasing with depth.

Link to pool: [0x08775ccb6674d6bDCeB0797C364C2653ED84F384](https://app.balancer.fi/#/ethereum/pool/08775CCB6674D6BDCEB0797C364C2653ED84F3840002000000000000000004F0)  
Link to gauge: [0xD9cde95eFeD2d426F2741E2c44De9573116B8F07](https://etherscan.io/address/0xD9cde95eFeD2d426F2741E2c44De9573116B8F07)

### 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 `0xD9cde95eFeD2d426F2741E2c44De9573116B8F07` and the corresponding gauge type for the data(bytes) argument.

data(bytes) : `0x3a04f900000000000000000000000000D9cde95eFeD2d426F2741E2c44De9573116B8F070000000000000000000000000000000000000000000000000000000000000002`

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<div class="post-metadata">

**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:** [April 5, 2023, 8:33pm UTC](https://forum.balancer.fi/t/bip-236-enable-weth-3pool-gauge-ethereum/4591/2 "2023-04-05T20:33:55Z")

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[https://snapshot.org/#/balancer.eth/proposal/0x0e6f3e02c19996b42abb5770650aee7fedcf43e222197c417d61806e077fbd75](https://snapshot.org/#/balancer.eth/proposal/0x0e6f3e02c19996b42abb5770650aee7fedcf43e222197c417d61806e077fbd75)