# \[BIP-265\] Enable wstETH/rETH Gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [April 13, 2023, 5:18am UTC](https://forum.balancer.fi/t/bip-265-enable-wsteth-reth-gauge-ethereum/4643 "2023-04-13T05:18:58Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![0x70626a](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/0x70626a/32/2272_2.png) [@0x70626a](https://forum.balancer.fi/u/0x70626a)\ **Post date:** [April 13, 2023, 5:18am UTC](https://forum.balancer.fi/t/bip-265-enable-wsteth-reth-gauge-ethereum/4643/1 "2023-04-13T05:18:58Z")
#### Payload with PR > > > Adds Cron finance reth/wsteth CSP, COIL/USDC (50/50), USH/unshETH (80/20) > Simul…ation: https://dashboard.tenderly.co/public/safe/safe-apps/simulator/37c011b4-0974-483b-a313-9ed9e4e042f7 Gauge Proposal Template: **Summary:** > We have launched a brand new Balancer pool type: TWAMM. This will be a cornerstone in Balancer’s vision of the go-to AMM for DeFi protocols to build and trade upon. TWAMMs are extremely capital efficient and are critical to improve the blockchain’s anti-fragility by facilitating large asset swaps completely on-chain, see asset monetary policy, whale liquidations, treasury management, index fund re-balancing, etc. **References/Useful links:** > Link to: > • Website: [GitHub - Cron-Finance/Cron-Finance](https://github.com/Cron-Finance/v1-twamm) > • Documentation: [https://docs.cronfi.com/](https://docs.cronfi.com/) > • Github Page: [https://github.com/Cron-Finance/twamm](https://github.com/Cron-Finance/twamm) > • Communities: [Mirror](https://mirror.xyz/0x70626a.eth), [Twitter](https://twitter.com/cronfinance) **Protocol Description:** > - Assets: wstETH/rETH > - Corresponding Protocols: Lido, Rocket Pool > - Price: [wstETH](https://www.coingecko.com/en/coins/wrapped-steth), [rETH](https://www.coingecko.com/en/coins/rocket-pool-eth) **Motivation:** > In order for trades to start on the pool, we need an initial resting (seed) liquidity. We believe the trading fees paid to LPs from traders and arbitrageurs of TWAMMs will far exceed the current status quo. **Specifications:** Link to [pool](https://etherscan.io/address/0x3e953C6Bf97284F736c5F95b3c3BE8F4e48075f4) Link to [gauge](https://etherscan.io/address/0xEeDEd342aa2Cc1b48ECcAfeB663fdf2c1d166934) 1. **Governance:** 2. **Oracles:** 3. **Audits:** Provide links to audit reports and any relevant details about security practices. 4. **Centralization vectors:** 5. **Market History:** 6. **Value:** Is this pool intended to be the primary source of liquidity for the token(s)? If this is not the case, explain the expected value add to Balancer (can this pool generate consistent fees?) ### 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 `0xEeDEd342aa2Cc1b48ECcAfeB663fdf2c1d166934` and the corresponding gauge type for the data(bytes) argument. data(bytes) : `0x3a04f900000000000000000000000000eeded342aa2cc1b48eccafeb663fdf2c1d1669340000000000000000000000000000000000000000000000000000000000000002` ---
**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 15, 2023, 11:49am UTC](https://forum.balancer.fi/t/bip-265-enable-wsteth-reth-gauge-ethereum/4643/2 "2023-04-15T11:49:34Z")
In support of a second gauge for the TWAMM implementation. I prefer the same stipulations apply of this only being able to pass upon the relayer approval passing as well. Based on the technical teams comments all should be fine. If no one has any contrary thoughts we should move on this this coming voting round. ---
**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 19, 2023, 10:04am UTC](https://forum.balancer.fi/t/bip-265-enable-wsteth-reth-gauge-ethereum/4643/3 "2023-04-19T10:04:12Z")
[https://snapshot.org/#/balancer.eth/proposal/0xd2ac5d92a4e0b946161285a27d0374e864818c6076219ced6bf9b3492245eb6b](https://snapshot.org/#/balancer.eth/proposal/0xd2ac5d92a4e0b946161285a27d0374e864818c6076219ced6bf9b3492245eb6b) ---
**Author:** ![0x70626a](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/0x70626a/32/2272_2.png) [@0x70626a](https://forum.balancer.fi/u/0x70626a)\ **Post date:** [August 9, 2023, 4:38pm UTC](https://forum.balancer.fi/t/bip-265-enable-wsteth-reth-gauge-ethereum/4643/4 "2023-08-09T16:38:55Z")
We’d like to kill this gauge as we’ve not found a good use-case/need for it and have been sourcing liquidity without incentivizing it. Thanks for the help getting it set up 🙌