# \[BIP-355\] Enable R/DAI\<\>sDAI Boosted Pool Gauge on Ethereum **URL:** \ **Category:** BAL Gauges\ **Created:** [July 10, 2023, 3:31pm UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959 "2023-07-10T15:31:51Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![RTP](https://avatars.discourse-cdn.com/v4/letter/r/76d3ee/32.png) [@RTP](https://forum.balancer.fi/u/RTP)\ **Post date:** [July 10, 2023, 3:31pm UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959/1 "2023-07-10T15:31:51Z")
### PR with Payload > > > \- enable R/sDAI - DAI gauge on Ethereum > \- Tenderly sim: https://dashboard.tende…rly.co/public/safe/safe-apps/simulator/d318b519-e0ab-4054-94e7-1afa5fce85c0 Gauge Proposal Template: **Summary:** > This proposal enables a Balancer gauge for a R/DAI\<\>sDAI boosted pool on Ethereum Mainnet. By deploying this new pool, users will be able to borrow $R stablecoin on the Raft protocol and provide liquidity on a R/DAI\<\>sDAI boosted stable pool without giving up the whole 3.49% DSR (DAI Savings Rate) accrued on DAI deposited in the DSR module. The deployment of this pool embraces the ongoing expansion of $sDAI, the yield-bearing version of DAI, and eliminates the opportunity cost that current LPs in DAI pools face. A future integration of sDAI as a collateral token in Raft could further strengthen the utilization of such a pool, allowing users to use sDAI to leverage up. **References/Useful links:** > Link to: > · Website: [https://raft.fi/](https://raft.fi/) > · Documentation: [https://docs.raft.fi/](https://docs.raft.fi/) > · Twitter: [https://twitter.com/raft\_fi](https://twitter.com/raft_fi) > · Discord: [Discord](https://discord.com/invite/raft-fi) > · GitHub: [Raft · GitHub](https://github.com/raft-fi/) **Protocol Description:** > Raft is a DeFi protocol that lets you generate $R by depositing liquid staking derivatives (LSDs) as collateral. R is a decentralized USD stablecoin with deep liquidity across many trading pairs and a stable peg. Raft provides a capital-efficient way to borrow while keeping your staking rewards. As more use cases for $R develop, users will be able to spend, swap, and earn with $R. Users will also be able to leverage up to 6x on different LSD tokens in a single atomic transaction. **Motivation:** > The R/DAI\<\>sDAI boosted pool on Balancer represents the natural evolution of the current R/DAI pool and will still allow all Raft users to efficiently swap their generated $R into $DAI (or any other asset via multi-step swaps) while LPs earn more rewards from the portion of underlying DAI deposited in the DSR module. **Specifications:** 1. **Governance:** The Raft protocol is governance-minimized. This means nobody controls any key part or mechanism affecting the core protocol functionality. There is no way to pause the smart contracts. The Raft team only has the ability to adjust fees 2. **Oracles:** The pool relies on price feeds from Chainlink and Tellor 3. **Audits:** Raft is audited by Trail of Bits and Hats Finance - [Trail of Bits audit - May 2023](https://github.com/trailofbits/publications/blob/master/reviews/2023-04-tempus-raft-securityreview.pdf) - [Hats Finance audit competition - May 2023](https://twitter.com/hatsfinance/status/1659263484641660928) 1. **Centralization vectors:** - Liquidations are permissionless (anybody can liquidate) - The key parts of Raft protocol are immutable - [Liquidity Committee](https://docs.raft.fi/about-r/soft-peg/liquidity-committee) 3 Raft team members. More to be added in the future as the Raft governance evolves 1. **Market History:** Raft was launched on June 5th 2023, and has attracted approx $53m TVL. The Raft team has worked with the Balancer community to launch two successful pools (see $R here, the R/DAI pool on Balancer[here](https://app.balancer.fi/#/ethereum/pool/0x20a61b948e33879ce7f23e535cc7baa3bc66c5a9000000000000000000000555) and $sDAI[here](https://etherscan.io/address/0x83f20f44975d03b1b09e64809b757c47f942beea)) we would like to continue being a proponent of Balancer going forward. 2. **Value:** The R/DAI pool deployed on Balancer has been among the top 3 pools on Balancer by trading volume in the last few weeks, gathering $ 42 mln TVL in less than a month. We expect the R/sDAI pool to generate an even higher volume due to the enhanced capital efficiency of holding $sDAI instead of $DAI, which will benefit all LPs and users of Raft. **Links to pool:** [0xbF2ef8bDC2fC0F3203B3a01778E3ec5009AEEf33](https://app.balancer.fi/#/ethereum/pool/0xBF2EF8BDC2FC0F3203B3A01778E3EC5009AEEF3300000000000000000000058D) **Links to gauge:** [0x882f961Def46deadAcf31798B295834a5b6d0c86](https://etherscan.io/address/0x882f961Def46deadAcf31798B295834a5b6d0c86#code) **Specifications:** 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): `0x882f961Def46deadAcf31798B295834a5b6d0c86` gaugeType(string): `Ethereum` ---
**Author:** ![jameskbh](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/jameskbh/32/2430_2.png) [@jameskbh](https://forum.balancer.fi/u/jameskbh)\ **Post date:** [July 11, 2023, 11:10am UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959/2 "2023-07-11T11:10:10Z")
Hello! Thanks for your proposal! A few questions: - Is the idea here to migrate from the current R/DAI pool or to have both? - Is this already in the works or in the ideation phase? 👇 > [@RTP](#): > > A future integration of sDAI as a collateral token in Raft could further strengthen the utilization of such a pool, allowing users to use sDAI to leverage up. - What would be the cap for this gauge? ---
**Author:** ![solarcurve](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/solarcurve/32/1487_2.png) [@solarcurve](https://forum.balancer.fi/u/solarcurve)\ **Post date:** [July 11, 2023, 4:36pm UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959/3 "2023-07-11T16:36:48Z")
I’m not sure if they’ll be checking this thread but from conversations with the team the answers are: -the idea is to fully migrate (this proposal will be updated to reflect the killing of R/DAI gauge) -I don’t know the details here -gauge would be uncapped, same as R/DAI ---
**Author:** ![RTP](https://avatars.discourse-cdn.com/v4/letter/r/76d3ee/32.png) [@RTP](https://forum.balancer.fi/u/RTP)\ **Post date:** [July 11, 2023, 4:52pm UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959/4 "2023-07-11T16:52:08Z")
Hey @jameskbh Thanks for your Qs and thanks to @solarcurve for responding. > [@jameskbh](#): > > Is this already in the works or in the ideation phase? 👇 We’ve opened up the [discussion on the Raft community forum](https://forum.raft.fi/t/discussion-add-additional-collateral-types/30) so it’s still in ideation but it would be a relatively straightforward integration. ---
**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:** [July 12, 2023, 8:16pm UTC](https://forum.balancer.fi/t/bip-355-enable-r-dai-sdai-boosted-pool-gauge-on-ethereum/4959/5 "2023-07-12T20:16:27Z")
[**https://snapshot.org/#/balancer.eth/proposal/0xd9a761cb68aaadaea6779c47f8fb727e8052c22c6e9a6bc8d3d0af28c9eceed2**](https://snapshot.org/#/balancer.eth/proposal/0xd9a761cb68aaadaea6779c47f8fb727e8052c22c6e9a6bc8d3d0af28c9eceed2)