# \[BIP-373\] Enable 80IDLE-20USDC Gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [July 19, 2023, 1:20pm UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007 "2023-07-19T13:20:29Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Davide\_IdleDAO](https://avatars.discourse-cdn.com/v4/letter/d/47e85d/32.png) [@Davide\_IdleDAO](https://forum.balancer.fi/u/Davide_IdleDAO)\ **Post date:** [July 19, 2023, 1:20pm UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007/1 "2023-07-19T13:20:29Z")
### PR with Payload > > > \- enable 80IDLE-20-USDC gauge > \- Tenderly sim: https://dashboard.tenderly.co/pub…lic/safe/safe-apps/simulator/7213c901-454f-4141-8732-a37af59a35cf **Summary** This proposal is to add a veBAL gauge for the new 80IDLE/20USDC pools on Ethereum. **References/Useful links** Idle’s link to: • [Website](https://idle.finance/#/) • [Documentation](https://docs.idle.finance/) • [Github Page](https://github.com/Idle-Finance/) • [Communiy on Discord](https://discord.gg/mpySAJp) **Protocol Description** Idle launched the Best Yield in [2019](https://medium.com/idle-finance/idle-tokenizing-the-best-interest-rate-among-ethereum-money-market-9a5ab30ea585), a yield aggregation and optimization strategy, allowing LPs to automatically receive the best return across Aave and Compound without the need to monitor the performances of the underlying markets. In [2021](https://medium.com/idle-finance/introducing-perpetual-yield-tranches-guarded-launch-phase-1-12978c25b0f0), Idle released Perpetual Yield Tranches, a new risk-tranching primitive to access emerging markets with two different risk-return profiles: Senior and Junior. [This year](https://medium.com/idle-finance/beyond-the-yield-spectrum-introducing-junior-best-yield-vaults-a1402909e449), Idle merged the power of Best Yield aggregation with the risk-adjusted returns of Perpetual Yield Tranches. Senior Best Yield, the evolution of the original Best Yield, expands the underlying sources by adding Senior Tranches alongside Aave and Compound, maintaining the same conservative risk profile while extending and improving the yield spectrum. Junior Best Yield aggregates multiple Junior Perpetual Yield Tranches to create a seamless yield generation of boosted performances. Idle’s product suite is governed by [Idle DAO](https://docs.idle.finance/governance/idle-dao), represented by [IDLE](https://etherscan.io/address/0x875773784af8135ea0ef43b5a374aad105c5d39e) token holders. **Motivation** After the release of the Balancer boosted pool [bb-i-usd](https://app.balancer.fi/#/ethereum/pool/0x60683b05e9a39e3509d8fdb9c959f23170f8a0fa000000000000000000000489), currently sitting at $1.8m liquidity, a [new governance proposal](https://gov.idle.finance/t/amm-liquidity-improvements/1176) has been posted on the Idle forum. This proposal aims to increase current protocol-owned liquidity by 2x by launching the 80IDLE-20USDC pool on Balancer and deploying treasury funds. The [pool](https://app.balancer.fi/#/ethereum/pool/0x158e0fbc2271e1dcebadd365a22e2b4dd173c0db0002000000000000000005a5) has already been seeded by Idle DAO. By incentivizing veBAL voters as a form of LM, we identified the next steps to adopt the 80-20 model and make it a core infrastructure for IDLE liquidity provision. The use of an 80-20 pool would reduce liquidity provision’s barriers for IDLE token holders, given the limited pool share of non-IDLE assets, and incentivize its decentralized nature. **Specifications** 1. Governance: USDC is centralized and does not have a governance forum. Idle’s governance details can be seen [here](https://docs.idle.finance/governance/introduction). 2. Oracles: Idle does not rely on oracles for fund allocations. Chainlink is used for IDLE liquidity mining on Senior Best Yield. 3. Audits: See Idle’s [here](https://docs.idle.finance/developers/security) 4. Centralization vectors: USDC is inherently centralized. 5. Market History: See USDC [here](https://www.coingecko.com/en/coins/usd-coin). 6. Value: The pool aims to be the primary source of liquidity for the token. Link to pool: [0x158e0fbc2271e1dcebadd365a22e2b4dd173c0db0002000000000000000005a5](https://app.balancer.fi/#/ethereum/pool/0x158e0fbc2271e1dcebadd365a22e2b4dd173c0db0002000000000000000005a5) Link to gauge: [0x9aaAf6757BE9e115895429EF6B81e05dCB951646](https://etherscan.io/address/0x9aaAf6757BE9e115895429EF6B81e05dCB951646#readContract) **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): `0x9aaAf6757BE9e115895429EF6B81e05dCB951646` gaugeType(string): `Ethereum` This gauge is initially set with a 2% cap. ---
**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 19, 2023, 4:08pm UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007/2 "2023-07-19T16:08:42Z")
Given our pool framework we suggest this gauge is initially set with a 2% cap. ---
**Author:** ![Davide\_IdleDAO](https://avatars.discourse-cdn.com/v4/letter/d/47e85d/32.png) [@Davide\_IdleDAO](https://forum.balancer.fi/u/Davide_IdleDAO)\ **Post date:** [July 19, 2023, 4:23pm UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007/3 "2023-07-19T16:23:54Z")
Correct, I’ve fixed this and added it to the description. ---
**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:** [July 20, 2023, 2:09am UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007/4 "2023-07-20T02:09:13Z")
Just wanted to point out that the pool owner is not 0xba1ba1 vanity address, therefore the cowswap and 1inch fee permissions will not be applied to this pool. ---
**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 20, 2023, 6:12am UTC](https://forum.balancer.fi/t/bip-373-enable-80idle-20usdc-gauge-ethereum/5007/5 "2023-07-20T06:12:01Z")
[https://snapshot.org/#/balancer.eth/proposal/0x73230ff8d1d9763832b60e5ade6711b94bb1994df6decf68c88c696e3b8ff3c0](https://snapshot.org/#/balancer.eth/proposal/0x73230ff8d1d9763832b60e5ade6711b94bb1994df6decf68c88c696e3b8ff3c0)