[BIP-320] Enable PAL/OHM 80/20 Gauge [Arbitrum]

PR with Payload

Summary:
Whitelist for veBAL voting PAL-OHM: pool gauge

References/Useful links:

https://twitter.com/Paladin_vote

Protocol Description:
Paladin is a governance lending protocol aiming to become the leading influence market and democratize activism.
Up to date, we have released a lending market for stkAave, as well as a vote incentive marketplace for Balancer, Curve and Bunni.

Motivation:
Paladin already has a tight history with Balancer. The PAL token was made transferable via an LBP on Balancer via Prime Launch . A Balancer pool on mainnet has been there since PAL has been liquid. Now that Paladin is moving on Arbitrum, we want to incentivize liquidity and attract more users in order for this pool to become our main hub of liquidity on Arbitrum.

Specifications:

  1. Governance: Paladin DAO is governed by holders of PAL, through snapshot votes and forum proposals.

Paladin DAO

https://signal.paladin.vote/#/

  1. Oracles: None, we use Coingecko.
  2. Audits:
    All daps have been audited.
    Audits - Docs
  3. Centralization vectors: Treasury functions and smart contract proxy updates are controlled through a 5/9 multisig.
  4. Market History: PAL was made transferable on Balancer via a dutch auction and now has liquidity on 3 DEXs on Ethereum (Balancer, Curve & Uniswap). PAL has a total depth of ~1M$.

Gauge address: 0x6aB751De05eD2E0646a04b7f45677ce841e42Bea

Specification:

The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments:

gauge(address): 0xd758454BDF4Df7Ad85f7538DC9742648EF8e6d0A which corresponds to the 2% capped gauge for this pool
gaugeType(string): Arbitrum

1 Like

Just a note that PAL is not whitelisted on the frontend yet.
It is also better to link the pool on Balancer

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https://snapshot.org/#/balancer.eth/proposal/0x1633824d621b97c3ff7bf4c0491420304ccf2b352f6b53c555d88ccf6d419ad1

fyi gauge cited in the proposal was made incorrectly.

correct one which will be executed on-chain: ArbitrumRootGauge | Address 0xd758454BDF4Df7Ad85f7538DC9742648EF8e6d0A | Etherscan

2 Likes