# \[BIP-344\] Activate Optimism Initial Pool Gauges \[Optimism\]
**URL:** https://forum.balancer.fi/t/bip-344-activate-optimism-initial-pool-gauges-optimism/4920
**Category:** BAL Gauges
**Created:** [June 27, 2023, 12:37am UTC](https://forum.balancer.fi/t/bip-344-activate-optimism-initial-pool-gauges-optimism/4920 "2023-06-27T00:37:54Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)
#### Post date: [June 27, 2023, 12:37am UTC](https://forum.balancer.fi/t/bip-344-activate-optimism-initial-pool-gauges-optimism/4920/1 "2023-06-27T00:37:54Z")
### PR with Payloads
>
>
> \- enable OP gauges
> \- Tenderly sim: https://dashboard.tenderly.co/public/safe/sa…fe-apps/simulator/8aaa4630-02bc-4250-9fbd-d2ca9debe832
**Summary:**
> In the wake of layer zero permitting cross chain boosting to veBAL gauges and the potential launch of Aura on Optimism, it makes sense to move forward with activating gauges on the network for pools which are driving revenue there. This proposal aims to turn on gauges for four weighted pools:
>
> - [Happy Road](https://op.beets.fi/pool/0x39965c9dab5448482cf7e002f583c812ceb53046000100000000000000000003) (40WETH-40OP-20USDC) - uncapped
> - [Proof of Reserves](https://op.beets.fi/pool/0x1d95129c18a8c91c464111fdf7d0eb241b37a9850002000000000000000000c1) (50ERN-50USDC) - 2% cap
> - [Bonded Oath Token](https://op.beets.fi/pool/0xd20f6f1d8a675cdca155cb07b5dc9042c467153f0002000000000000000000bc) (80OATH-20WETH) - 2% cap
> - [Tri-SONNE Harmonic Crescendo](https://op.beets.fi/pool/0x098f32d98d0d64dba199fc1923d3bf4192e787190001000000000000000000d2) (Beets Reaper SONNE Boosted 25wBTC-50wstETH-25USDC) - uncapped
**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
> OATH Link to:
> • [Website](https://www.bytemasons.com/)
> • [Documentation](https://linktr.ee/byte_masons)
> • [Github Page](https://github.com/Byte-Masons)
> • [Communities](https://forum.oath.eco/)
> ERN
> • [Website](https://ethos.finance/)
> • [Documentation](https://docs.ethos.finance/protocol-overview/general-information)
> • [Github Page](https://github.com/code-423n4/2023-02-ethos) - C4
> • [Communities](https://forum.oath.eco/)
> SONNE
> • [Website](https://sonne.finance/)
> • [Documentation](https://docs.sonne.finance/)
> • [Github Page](https://github.com/orgs/sonne-finance/repositories)
> • [Communities](https://discord.gg/MrKJHsvYDT)
**Protocol Description:**
> wstETH is Lido’s liquid staking derivative of ethereum. USDC is the dollar backed stablecoin issued by Circle.
> OATH is the governance token of the OATH ecosystem and notably Ethos Reserve. It can be paired with ETH to create Bonded Oath, or $bOATH. Bonded Oath can be staked by users to earn yield from the protocol and facilitate trading of the OATH token on the Beethoven-X platform.
> Ethos Reserve is a **decentralized lending protocol** that allows users to take out **interest-free loans** against collateral such as **BTC** and **ETH**. Loans on Ethos Reserve are paid in **Ethos Reserve Notes** , or **ERN** , which is a stable asset pegged to the US Dollar.
> Sonne is relevant here as it acts as a boosting protocol for the linear pools present in the Sonne-tricrypto pool. It is a fork of compound.
**Motivation:**
> These pools are major contributors to the revenue of Balancer & Beets on Optimism. Happy Road and Tri-Sonnes act as primary liquidity for trade routes, while ERN and OATH pool gauges are supportive of the OATH ecosystem which brings in respectable TVL and volume.
**Specifications:**
1. **Governance:** Links to governance forums and documentation of protocols encompassed in this proposal can be seen above. OATH is the governance token for both OATH and ERN, SONNE for Sonne Finance, and USDC is the only token without governance as it belongs to circle.
2. **Oracles:** No rate providers are present here aside from the linear pools referencing their own getRate functions.
3. **Audits:** Ern Audits can be seen [here](https://docs.ethos.finance/security/audits).
4. **Centralization vectors:** The only centralization vector of note in the protocols within these pools is the fact that Circle issues USDC without
5. **Market History:** Market history of each BPT can be seen on each pool’s page above provided by BeethovenX. Coingecko links are here: [OATH](https://www.coingecko.com/en/coins/oath), [ERN](https://www.coingecko.com/en/coins/ethos-reserve-note), [OP](https://www.coingecko.com/en/coins/optimism), [USDC](https://www.coingecko.com/en/coins/usd-coin), [wstETH](https://www.coingecko.com/en/coins/wrapped-steth).
6. **Value:** The pools will be the initial and core drivers of liquidity of Optimism for the time being. Boosted pools, and projects looking to expand on the network will be able to capitalize on the path these pools pave forward for the Balancer ecosystem. Mainly, revenue, volume, and TVL will increase by incetizing these pairings.
**Transaction Specification**
The Balancer Maxi LM Multisig `eth:0xc38c5f97B34E175FFd35407fc91a937300E33860` will interact with the `GaugeAdderv4` at `0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd` and call the addGauge function with the following arguments:
Happy Road
gauge(address): `0x1Ce5bf7e6C16C567DeFd625e0911Bfd0FC7f2d7d `
gaugeType(string): `Optimism`
Proof of Reserves
gauge(address): `0xd0b6787589d33B4F7aA5a27f36497e091e78a2ad `
gaugeType(string): `Optimism`
Bonded Oath Token
gauge(address): `0x0BFcF593C149Ddbeedb190667d24D30D2E38AF73 `
gaugeType(string): `Optimism`
Tri-SONNE Harmonic Crescendo
gauge(address): `0xdc08146530DD9910F8ab4D0aD2C184f87e903540 `
gaugeType(string): `Optimism`
---
### Author:  [@jeffrey](https://forum.balancer.fi/u/jeffrey)
#### Post date: [June 27, 2023, 1:00pm UTC](https://forum.balancer.fi/t/bip-344-activate-optimism-initial-pool-gauges-optimism/4920/2 "2023-06-27T13:00:50Z")
Let us align our chakras to make optimism great again.
---
### Author:  [@Xeonus](https://forum.balancer.fi/u/Xeonus)
#### Post date: [June 28, 2023, 7:59pm UTC](https://forum.balancer.fi/t/bip-344-activate-optimism-initial-pool-gauges-optimism/4920/3 "2023-06-28T19:59:24Z")
[https://snapshot.org/#/balancer.eth/proposal/0x90c2337e1211935c5ccf2c683a9858c3f1e750f20b0557b7f972d0dd0fc4a052](https://snapshot.org/#/balancer.eth/proposal/0x90c2337e1211935c5ccf2c683a9858c3f1e750f20b0557b7f972d0dd0fc4a052)