# \[BIP-418\] Enable USDF - USDC Gauge \[Arbitrum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [August 22, 2023, 3:16pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100 "2023-08-22T15:16:20Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![kelvin\_fractal](https://avatars.discourse-cdn.com/v4/letter/k/90db22/32.png) [@kelvin\_fractal](https://forum.balancer.fi/u/kelvin_fractal)\ **Post date:** [August 22, 2023, 3:16pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/1 "2023-08-22T15:16:20Z")
PR with Payload > > > Add USDF-4Pool Gauge on Arbitrum. Simulation: https://dashboard.tenderly.co/publ…ic/safe/safe-apps/simulator/44ba4e30-214f-43d3-ab62-f565e0fe9740 **Summary:** Enable USDF - USDC Gauge on Arbitrum **References/Useful links:** - [Website](https://www.notion.so/66acc54c4e7448fcb273e3b8297cddbb?pvs=21) - [Documentation](https://www.notion.so/Balancer-Arbitrum-Pool-Proposal-dede8c90903a4ed599e48d6db8dd1355?pvs=21) - [Communities](https://discord.com/invite/fractalusdf) - [Twitter](https://twitter.com/fractalclearing) **Protocol Description:** Fractal is building web3 infrastructure allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account. The protocol operates tokenized lending pools (starting with USDF) from which assets are lent to borrower subaccounts. The lending yield is then passed to lender by way of USDF price appreciation (akin to cbETH). **Motivation:** The Fractal community of lenders benefits from a liquid secondary market for USDF, this creates a liquidity buffer, which avoids requiring borrowers to unwind positions when USDF gets redeemed. This reduces gas fees for the entire protocol. USDF is also designed to become a composable stable asset to be built upon by other ecosystem participants. **Specifications:** 1. **Governance:** The protocol is currently governed by the Fractal Network team through a Fireblocks MPC wallet. 2. **Oracles:** USDF does not require third party oracles 3. **Audits:** [Zellic - Audit](https://4277142623-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtNDIwiylNbT3XXJA3miS%2Fuploads%2FHfT3WxBLi485JrKQBHRs%2F2023.04.03%20-%20Fractal%20Protocol%20-%20Zellic%20Audit%20Report.pdf?alt=media&token=f9974cc7-901b-42be-9b7b-9d5d4c367c7e) 4. **Centralization vectors:** Fractal’s USDF is governed by an MPC. It also relies on USDC which is inherently centralized. 5. **Market history:** USDF has remained soft-pegged to USDC in Chronos and Camelot pools. USDF can always be redeemed directly at [app.fractalprotocol.org](http://app.fractalprotocol.org) 6. **Value:** This pool is intended to become the primary liquidity venue for USDF **Contracts** - Pool: [0x6B9f3f6b9054A45702D3F2C6e3D32A60204934cb](https://app.balancer.fi/#/arbitrum/pool/0x6b9f3f6b9054a45702d3f2c6e3d32a60204934cb0000000000000000000004a7) - Gauge: [0x25DDcad849de576c2A6c124984cE59e62739156D](https://etherscan.io/address/0x25DDcad849de576c2A6c124984cE59e62739156D) **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): `0x25DDcad849de576c2A6c124984cE59e62739156D` gaugeType(string): `Arbitrum` ---
**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:** [September 6, 2023, 6:36pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/3 "2023-09-06T18:36:53Z")
[https://snapshot.org/#/balancer.eth/proposal/0x86509890c2a0cad1f547a70cfc8772e59b15b88b09cb9d5e6aa05c9ea8ec2b4d](https://snapshot.org/#/balancer.eth/proposal/0x86509890c2a0cad1f547a70cfc8772e59b15b88b09cb9d5e6aa05c9ea8ec2b4d) ---
**Author:** ![rabmarut](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/rabmarut/32/55_2.png) [@rabmarut](https://forum.balancer.fi/u/rabmarut)\ **Post date:** [September 11, 2023, 2:41pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/4 "2023-09-11T14:41:54Z")
Hey everyone, the Integrations Team has been working with the Fractal team to safeguard these contracts. We are still waiting on one more ownership transfer, so I’d recommend not deploying this gauge until that’s finished. ---
**Author:** ![Tritium](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tritium/32/2011_2.png) [@Tritium](https://forum.balancer.fi/u/Tritium)\ **Post date:** [September 11, 2023, 3:01pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/5 "2023-09-11T15:01:17Z")
Based on these recommendations, the Maxis will not merge the BIP-418 payload into this weeks changes. Governance should be raised next week to cancel the gauge request unless a clear review by the Three Rocks rendering the Rate Provider not overly risky has been published before this Thursday. Assuming everything is in place by Thursday, this Gauge can be added next week. ---
**Author:** ![rabmarut](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/rabmarut/32/55_2.png) [@rabmarut](https://forum.balancer.fi/u/rabmarut)\ **Post date:** [September 11, 2023, 5:26pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/6 "2023-09-11T17:26:08Z")
Update: ownership has been transferred, so this is now safe to execute. It will take me a few hours to get the full review posted to GH. ---
**Author:** ![Tritium](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tritium/32/2011_2.png) [@Tritium](https://forum.balancer.fi/u/Tritium)\ **Post date:** [September 11, 2023, 6:02pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/7 "2023-09-11T18:02:06Z")
Great. Already past the cutoff point for this week, but assuming everything is in place, this vote as passed governance and we can load/execute the gauge add next Monday. ---
**Author:** ![rabmarut](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/rabmarut/32/55_2.png) [@rabmarut](https://forum.balancer.fi/u/rabmarut)\ **Post date:** [September 13, 2023, 2:23pm UTC](https://forum.balancer.fi/t/bip-418-enable-usdf-usdc-gauge-arbitrum/5100/8 "2023-09-13T14:23:56Z")
Integrations Team has reviewed this rate provider and deemed it safe for usage on Balancer. As always, please DYOR before investing funds. >