# \[BIP-411\] Enable GHO/USDT/USDC Gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [August 24, 2023, 8:45pm UTC](https://forum.balancer.fi/t/bip-411-enable-gho-usdt-usdc-gauge-ethereum/5135 "2023-08-24T20:45:42Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![TokenLogic](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tokenlogic/32/2656_2.png) [@TokenLogic](https://forum.balancer.fi/u/TokenLogic)\ **Post date:** [August 24, 2023, 8:45pm UTC](https://forum.balancer.fi/t/bip-411-enable-gho-usdt-usdc-gauge-ethereum/5135/1 "2023-08-24T20:45:42Z")
Payload with PR: > > > Add Mainnet GHO/USDT/USDC Gauge uncapped. Simulation: https://dashboard.tenderly….co/public/safe/safe-apps/simulator/982c855d-7bf5-4e36-b54e-9f07c2de70da **Summary:** > This pool uses the ComposableStablePoolFactory-v5 which addresses the [reentrancy vulnerability](https://forum.balancer.fi/t/reentrancy-vulnerability-scope-expanded/4345) disclosed during February 2023. This pool is to be uncapped. > > This proposal is for the creation of a new 3pool, GHO / USDT / USDC, on Ethereum. **References/Useful links:** > _GHO_ > > - [Website](https://app.aave.com/markets/) > - [Documentation](https://docs.aave.com/hub/) > - [Github Page](https://github.com/aave/interface) > - [Communities](https://governance.aave.com/) **Protocol Description:** > _Aave Protocol_ > The Aave Protocol is a decentralized liquidity protocol that is deployed across many EVM compatible networks including but not limited to Optimism, Arbitrum, Avalanche and Polygon. Currently, the Aave Protocol has a TVL of approximately $6.9 Billion. > > - GHO is a decentralized multi-collateral stable coin that is fully backed, transparent and native to the Aave Protocol. > - USDT is a centralised stable coin issued by Tether. > - USDC is a centralised stable coin issued by Circle. **Motivation:** > This proposal aims to add a veBAL gauge for GHO-USDC-USDT. > > This pool has the potential to be added to Aave DAO’s SM at a later date if the Aave DAO elects to do so. > > Some veBAL holders prefer to support this new 3pool instead of GHO/BPT (USDC/DAI/USDT) **Specifications:** 1. **Governance:** > - AAVE and stkAAVE serve as the governance tokens for the Aave DAO. Holders can vote on proposals at both a Snapshot level and through the Aave DAO [on-chain governance portal](https://app.aave.com/governance/). 1. **Oracles:** > - rateProvider0 (for GHO): 0x0 (none) > - rateProvider1 (for USDT): 0x0 (none) > - rateProvider1 (for USDC): 0x0 (none) 1. **Audits:** > _Aave v3_ > > - [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) > _GHO_ > > - [Sigma Prime](https://github.com/aave/gho-core/blob/main/audits/02-06-2023_SigmaPrime.pdf) > - [Sigma Prime](https://github.com/aave/gho-core/blob/main/audits/07-03-2023_SigmaPrime.pdf) > - [ABDK](https://github.com/aave/gho-core/blob/main/audits/01-03-2023_ABDK.pdf) > - [OpenZeppelin-v2](https://github.com/aave/gho-core/blob/main/audits/10-11-2022_Openzeppelin-v2.pdf) > - [OpenZeppelin-v1](https://github.com/aave/gho-core/blob/main/audits/12-08-2022_Openzeppelin-v1.pdf) 1. **Centralization vectors:** > - Aave Governance is decentralized, and all changes must go through a transparent and well-tested governance process. > - Tether and Circle are both centralised entities with control over which addresses can transfer there stable coin. 1. **Market History:** > - GHO is used in several liquidity pools > - USDC and USDT are widely used across many liquidity pools. 1. **Value:** > - This pool is expected to drive meaningful TVL to Balancer and Aura Finance. The assets within the pool are not yield bearing. However, the DAOs will generate revenue from receiving a portion of the swap fees. **Pool Details** > Link to Pool: GHO-USDT-USDC Pool - [0x8353157092ED8Be69a9DF8F95af097bbF33Cb2aF](https://app.balancer.fi/#/ethereum/pool/0x8353157092ed8be69a9df8f95af097bbf33cb2af0000000000000000000005d9) > Link to Gauges: B-GHO-USDT-USDC - [0xf720e9137baa9C7612e6CA59149a5057ab320cFa](https://etherscan.io/address/0xf720e9137baa9C7612e6CA59149a5057ab320cFa) > **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): `0xf720e9137baa9C7612e6CA59149a5057ab320cFa` > gaugeType(string): `Ethereum` **Disclosure:** > This proposal is the work of Tokenlogic who is a delegate within the Aave Ecosystem. > Details on TokenLogics delegation platform can be found [here](https://governance.aave.com/t/tokenlogic-delegate-platform/12516). ---
**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:** [August 25, 2023, 12:46pm UTC](https://forum.balancer.fi/t/bip-411-enable-gho-usdt-usdc-gauge-ethereum/5135/2 "2023-08-25T12:46:59Z")
Snapshot has been broken for more than 24h. Given this is likely an uncontested gauge it will be added on Monday with the other approved votes unless some large voters signal otherwise in this thread. ---
**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:** [August 30, 2023, 5:28pm UTC](https://forum.balancer.fi/t/bip-411-enable-gho-usdt-usdc-gauge-ethereum/5135/5 "2023-08-30T17:28:08Z")
For governance and BIP number increment consistency, we are posting it to snapshot this week: [https://snapshot.org/#/balancer.eth/proposal/0x94dc131e58a6dc7d189ed46d4184b36b487c7b7b4742c4a2fb61ad27383fad0d](https://snapshot.org/#/balancer.eth/proposal/0x94dc131e58a6dc7d189ed46d4184b36b487c7b7b4742c4a2fb61ad27383fad0d)