Gnosis Chain’s own implementation of sDAI has been deployed, and stEUR, Angle’s own version of the DSR, is deploying soon. In order to maximise capital efficiency, we propose to replace the gauges for pools using DAI for sDAI, and agEUR for stEUR. At the same time, we are working closely with aggregators to ensure that they can handle the wrapping/unwrapping of these assets and will monitor closely the volumes to ensure that there’s no need for sDAI/DAI liquidity nor stEUR/agEUR.
The EURE/USDC pool has collected surplus fees due to a misconfiguration. This BIP will put that pool into recovery mode to stop further fees from being collected. Earned fees will be streamed to the new pool as direct rewards over a period of 3 weeks starting on October 19th, when the emissions start to drop on the current pool.
The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cdand call the addGauge function with the following arguments:
The DAO Multisig eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptorEntrypoint at 0xf5dECDB1f3d1ee384908Fbe16D2F0348AE43a9eA and call performAction using 0xab8f0945 for the data(bytes) argument and the “Gauge Address” list for each pool below will be used for the target(address) argument.
The DAO Multisig on Gnosischain gno:0x2a5AEcE0bb9EfFD7608213AE1745873385515c18 will interact with the Authorizer at 0xA331D84eC860Bf466b4CdCcFb4aC09a1B43F3aE6 and call grantRole 0x73c3332de64a6f7b137bea3255a221d779cc0f170ea4892ff0581faf799230ff for account 0x2a5AEcE0bb9EfFD7608213AE1745873385515c18which corresponds to granting the DAO multisig the role to enable recovery mode on ComposableStablePools-v5 (can be verified here). Furthermore the DAO Multisig on Gnosis gno:0x2a5AEcE0bb9EfFD7608213AE1745873385515c18 will interact with EURe/staBAL pool 0x0c1b9ce6bf6c01f587c2ee98b0ef4b20c6648753 and call enableRecoveryMode()
Further the Balancer Maxi’s are instructed to sweep all collected EURE/USDC fees earned as of October 15th to USDC a separate account. These fees will then be streamed as follows:
20% of total as direct incentives over the AURA platform on sDAI/EURe
20% of the total as direct incentives over the Balancer platform on sDAI/EURe
The remaining 60% of USDC will streamed in 2 weekly epochs extending from the end of the October 19th emissions.
Would like to point out so it is clear to voters that these pools will not be core, and are exempt from the protocol fee on yield. As Gnosis Chain grows, their intention is to change this in the future by deploying new pools.
Upon review of the provided payloads by @nesk.kpk we identified that their set of gauges to enable were set up incorrectly. Therefore, according to the specifications we replaced them with the correct gauges pointing to the correct pools as well as using the correct stab3l nested pool: