# \[BIP-327\] Enable rETH / bb-a-wETH Gauge \[Ethereum\]

**URL:** https://forum.balancer.fi/t/bip-327-enable-reth-bb-a-weth-gauge-ethereum/4854
**Category:** BAL Gauges
**Created:** [June 8, 2023, 3:04pm UTC](https://forum.balancer.fi/t/bip-327-enable-reth-bb-a-weth-gauge-ethereum/4854 "2023-06-08T15:04:03Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![Llama](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/llama/32/2387_2.png) [@Llama](https://forum.balancer.fi/u/Llama)
#### Post date: [June 8, 2023, 3:04pm UTC](https://forum.balancer.fi/t/bip-327-enable-reth-bb-a-weth-gauge-ethereum/4854/1 "2023-06-08T15:04:04Z")

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### PR with Payload

> <https://github.com/BalancerMaxis/multisig-ops/pull/265>
>
> \- enable rETH / bbawETH gauge Ethereum
> \- Tenderly sim: https://dashboard.tender…ly.co/public/safe/safe-apps/simulator/22feba9f-3321-4352-ae19-2eabe0856589

**Summary:**

> This pool uses the ComposableStablePoolFactory-v3 1 which addresses the [reentrancy vulnerability](https://forum.balancer.fi/t/reentrancy-vulnerability-scope-expanded/4345) disclosed during February 2023. This gauge is uncapped, and would enter as a “core pool” under [BIP-19](https://forum.balancer.fi/t/bip-19-incentivize-core-pools-l2-usage/3329). This means 65% of 50% of yield generated by this pool is to be used for bribing for votes on it via [Hidden Hand](https://hiddenhand.finance/balancer). The remaining 35% goes to Balancer DAO as revenue.
> 
> This proposal is for a new pool rETH / bb-a-wETH to be created on Ethereum.

**References/Useful links:**

> - [Website](https://rocketpool.net/)
> - [Documentation](https://docs.rocketpool.net/overview/)
> - [Github Page](https://github.com/rocket-pool)
> - [Communities](https://twitter.com/rocket_pool)

**Protocol Description:**

> This pool utilises rETH and linear pool bb-a-wETH which deposits wETH into Aave v3 wETH reserve.

**Motivation:**

> The rETH pool on Ethereum is one of our most profitable pools in terms of fees earned per dollar of emissions. This pool offers depositors expsoure to an additional yield source, Aave Protocol, relative to the existing rETH/wETH pool.
> 
> Incorporating the bb-a-wETH will lead to additional revenue to Balancer DAO and also additional incentives flowing through to Hidden Hand which veBAL holders can benefit from.

**Specifications:**

> 1. **Governance:** Please see this [guide](https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-2-e0d346911fe1) which outlines Rocket Pool’s DAO structure.
> 2. **Oracles:** Ethereum rETH Oracle, see [here](https://etherscan.io/address/0x536218f9E9Eb48863970252233c8F271f554C2d0)
> 3. **Audits:** For [Rocket Pool](https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-4-2635c44e4f7e) 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:** Rocket Pool is a protocol for [decentralized and trustless ETH2 staking](https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-1-8be4859e5fbd).
> 2. **Market History:** See [rETH](https://www.coingecko.com/en/coins/rocket-pool-eth) and [wETH](https://www.coingecko.com/en/coins/weth).
> 3. **Value:** Balancer will earn the protocol fee on rETH yield and deposit yield generated by Aave v3 on Ethereum via bb-a-wETH.

> Link to Pool: rETH / bb-a-WETH Pool - [0x481C5fc05D63a58AA2f0F2aA417C021B5d419cB2](https://app.balancer.fi/#/ethereum/pool/0x481c5fc05d63a58aa2f0f2aa417c021b5d419cb200000000000000000000056a)  
> Link to Gauges: rETH / bb-a-WETH Gauge - [0x9fB7D6dCAC7b6aa20108BaD226c35B85A9e31B63](https://etherscan.io/address/0x9fB7D6dCAC7b6aa20108BaD226c35B85A9e31B63#readContract)

**Transaction:**

The Balancer Maxi LM Multisig `eth:0xc38c5f97B34E175FFd35407fc91a937300E33860` will interact with the `GaugeAdderv4` at `0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd` and call the addGauge function with the following arguments:  
Uncapped Gauge:  
gauge(address): `0x9fB7D6dCAC7b6aa20108BaD226c35B85A9e31B63`  
gaugeType(string): `Ethereum`

**Disclosure:**

> This proposal is the sole work of @Llama contributor, @Matthew_Graham, via the legal entity TokenLogic. Llama is a Service Provider to Aave DAO.

---

<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: [June 14, 2023, 7:22pm UTC](https://forum.balancer.fi/t/bip-327-enable-reth-bb-a-weth-gauge-ethereum/4854/2 "2023-06-14T19:22:20Z")

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[https://snapshot.org/#/balancer.eth/proposal/0x199ca56dcf43d57158c29931bf7b329d423f7914762a3e798508719e9f8daf36](https://snapshot.org/#/balancer.eth/proposal/0x199ca56dcf43d57158c29931bf7b329d423f7914762a3e798508719e9f8daf36)
