# \[BIP-259\] stMATIC-bb-a-WMATIC/bbamUSD Gauge \[Polygon\]

**URL:** https://forum.balancer.fi/t/bip-259-stmatic-bb-a-wmatic-bbamusd-gauge-polygon/4669
**Category:** BAL Gauges
**Created:** [April 17, 2023, 4:38pm UTC](https://forum.balancer.fi/t/bip-259-stmatic-bb-a-wmatic-bbamusd-gauge-polygon/4669 "2023-04-17T16:38:23Z")
**Posts on this page:** 2
**Page:** 1

<div class="post-metadata">

### 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 17, 2023, 4:38pm UTC](https://forum.balancer.fi/t/bip-259-stmatic-bb-a-wmatic-bbamusd-gauge-polygon/4669/1 "2023-04-17T16:38:23Z")

</div>

## PR with payloads

> <https://github.com/BalancerMaxis/multisig-ops/pull/146>
>
> \- Add gauges for BIP 256 to 261A
> \- Tenderly simulation (failure for BIP-257 for… now): https://dashboard.tenderly.co/public/safe/safe-apps/simulator/589e1b85-cefa-4d60-b88b-012448106518

**Summary:**

> This pool contains a boosted / linear stable pool token bb-am-USD - Balancer’s AAVE boosted stable pool token & the stMATIC-bb-a-WMATIC pool token. These pools leverage the yield bearing versions of stable coins, USDC, USDT, DAI and stMATIC-WMATIC pairing in a 50/50 weighted pool. This will make a highly capital efficient route for LPs to keep exposure to stMATIC and stable coins while earning yield through AAVE. The protocol will be earning yield on the boosted portion of this pool, making the token pairing more efficient for both parties. 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.

**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
> 
> stMATIC Link to:
> 
> - [Website](https://stake.lido.fi/)
> - [Documentation](https://blog.lido.fi/)
> - [Github Page](https://github.com/lidofinance)
> - [Communities](https://www.coingecko.com/en/coins/lido-dao)

**Protocol Description:**

> bb-a-USD is a Balancer’s primary stable coin liquidity on polygon, leveraging AAVE’s boosted strategy. stMATIC-bb-a-WMATIC BPT is the Balancer [pool token](https://forum.balancer.fi/t/bip-234-enable-stmatic-bb-a-wmatic-gauge-polygon/4558) containing the respective tokens governance token.

**Motivation:**

> Balancer has been expanding into yield bearing tokens and with the release of AAVE v3 there is a migratory push to have assets earning passive yield while underlying trades are facilitate and optimized from both the trader and LP perspectives. This pool executes this by nesting various tokens specific to Polygon network.

**Specifications:**

> 1. **Governance:** Find more information about governance on Lido’s [forum](https://research.lido.fi/).
> 2. **Oracles:** stMATIC Oracle, see [here](https://polygonscan.com/address/0x97371dF4492605486e23Da797fA68e55Fc38a13f)
> 3. **Audits:** For [Lido Protocol](https://github.com/lidofinance/audits) and Aave v3, see below
> 
> - [ABDK](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_ABDK_AaveV3.pdf)
> - [OpenZeppelin](https://github.com/aave/aave-v3-core/blob/master/audits/01-11-2021_OpenZeppelin_AaveV3.pdf)
> - [Trail of Bits](https://github.com/aave/aave-v3-core/blob/master/audits/07-01-2022_TrailOfBits_AaveV3.pdf)
> - [Peckshield](https://github.com/aave/aave-v3-core/blob/master/audits/14-01-2022_PeckShield_AaveV3.pdf)
> - [SigmaPrime](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf)
> 
> 1. **Centralization vectors:** See [here](https://lido.fi/faq).
> 2. **Market History:** See [stMATIC](https://www.coingecko.com/en/coins/lido-staked-matic) and [wMATIC](https://www.coingecko.com/en/coins/wmatic).
> 3. **Value:** Balancer will earn the protocol fee on stMATIC yield and deposit yield generated by Aave v3 on Polygon via bb-a-wMATIC.

Link to pool: [0x7F4f4942F2a14B6AB7B08b10ada1AAcede4EE8D4](https://app.balancer.fi/#/pool/0x7F4F4942F2A14B6AB7B08B10ADA1AACEDE4EE8D4000200000000000000000B44)  
Link to gauge: [0x02DFcC6ca6611cCBDCe51049a332afDB91465584](https://etherscan.io/address/0x02DFcC6ca6611cCBDCe51049a332afDB91465584#code)

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 `0x02DFcC6ca6611cCBDCe51049a332afDB91465584 `and the corresponding gauge type for the data(bytes) argument.

data(bytes) :

`0x3a04f90000000000000000000000000002dfcc6ca6611ccbdce51049a332afdb914655840000000000000000000000000000000000000000000000000000000000000003`

---

<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 18, 2023, 3:36pm UTC](https://forum.balancer.fi/t/bip-259-stmatic-bb-a-wmatic-bbamusd-gauge-polygon/4669/2 "2023-04-18T15:36:31Z")

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[https://snapshot.org/#/balancer.eth/proposal/0xb002bb1c9d78d5661f8cbab82a5db5c79e16b26c027c9759b33063b33127b654](https://snapshot.org/#/balancer.eth/proposal/0xb002bb1c9d78d5661f8cbab82a5db5c79e16b26c027c9759b33063b33127b654)
