# \[BIP-447\] Replace gauges in Gnosis to maximise capital efficiency \[Gnosis\] **URL:** \ **Category:** BAL Gauges\ **Created:** [October 9, 2023, 9:53am UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233 "2023-10-09T09:53:47Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![nesk.kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/nesk.kpk/32/2742_2.png) [@nesk.kpk](https://forum.balancer.fi/u/nesk.kpk)\ **Post date:** [October 9, 2023, 9:53am UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233/1 "2023-10-09T09:53:47Z")
### PR with Payloads [https://github.com/BalancerMaxis/multisig-ops/pull/545](https://github.com/BalancerMaxis/multisig-ops/pull/545) **Summary:** > 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. > > **Disable gauges for:** > - wstETH/staBAL3 > - EURe/staBAL3 > - agEUR/EURe > - staBAL3 > **Replacing them for:** > - sDAI/wstETH > - sDAI/EURe > - stEUR/EURe > - USDC/USDT/sDAI > > 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. **Implementation:** Disable the following gauges: | Pool | Pool address | Gnosis Chain gauge | Mainnet gauge | | --- | --- | --- | --- | | wstETH/staBAL3 | [0xeb30c85cc528537f5350cf5684ce6a4538e13394](https://gnosisscan.io/address/0xeb30c85cc528537f5350cf5684ce6a4538e13394) | [0xef23c2ec60a1ea3ed6a44681fb72356cb411177e](https://gnosisscan.io/address/0xef23c2ec60a1ea3ed6a44681fb72356cb411177e) | [0xf0d3268d36Adf812Fa69756500D72A899D4c2420](https://etherscan.io/address/0xf0d3268d36Adf812Fa69756500D72A899D4c2420) | | EURe/staBAL3 | [0x0c1b9ce6bf6c01f587c2ee98b0ef4b20c6648753](https://gnosisscan.io/address/0x0c1b9ce6bf6c01f587c2ee98b0ef4b20c6648753) | [0x492cd2290e5b971eab622d6325cef6a329cf8a58](https://gnosisscan.io/address/0x492cd2290e5b971eab622d6325cef6a329cf8a58) | [0x399A750516c14C80480AED2Bb597092b9118Caa9](https://etherscan.io/address/0x399A750516c14C80480AED2Bb597092b9118Caa9) | | agEUR/EURe | [0x5C78d05b8ECF97507d1cf70646082c54FaA4dA95](https://gnosisscan.io/address/0x5C78d05b8ECF97507d1cf70646082c54FaA4dA95) | [0x210ABdFD989f3eE5C08614a8f4e096Cf8408f5DF](https://gnosisscan.io/address/0x210ABdFD989f3eE5C08614a8f4e096Cf8408f5DF) | [0x7F75ecd3cFd8cE8bf45f9639A226121ca8bBe4ff](https://etherscan.io/address/0x7F75ecd3cFd8cE8bf45f9639A226121ca8bBe4ff) | | staBAL3 | [0x0c1b9ce6bf6c01f587c2ee98b0ef4b20c6648753](https://gnosisscan.io/address/0x0c1b9ce6bf6c01f587c2ee98b0ef4b20c6648753) | [0x031fb3431d25f92f43694dbbec6a2cb7451c101e](https://gnosisscan.io/address/0x031fb3431d25f92f43694dbbec6a2cb7451c101e) | [0x5a6fb12d15021649dda459e8585812142Aa6b968](https://etherscan.io/address/0x5a6fb12d15021649dda459e8585812142Aa6b968) | Enable the following gauges: | Pool | Pool address | Gnosis Chain gauge | Mainnet gauge | | --- | --- | --- | --- | | wstETH/sDAI | [0xbc2acf5e821c5c9f8667a36bb1131dad26ed64f9](https://gnosisscan.io/address/0xbc2acf5e821c5c9f8667a36bb1131dad26ed64f9) | [0x4d13d387f372dbe5125b7d78e75094ac85b31edc](https://gnosisscan.io/address/0x4d13d387f372dbe5125b7d78e75094ac85b31edc) | [0x6994e2055793fA2564b6758f4a0EEA7750130A58](https://etherscan.io/address/0x6994e2055793fA2564b6758f4a0EEA7750130A58) | | EURe/sDAI | [0xDd439304A77f54B1F7854751Ac1169b279591Ef7](https://gnosisscan.io/address/0xDd439304A77f54B1F7854751Ac1169b279591Ef7) | [0xBB2598b89202596A743BE0b615001D7D5164f167](https://gnosisscan.io/address/0xBB2598b89202596A743BE0b615001D7D5164f167) | [0x9a85B172924C6D27936f1F325a10f57b282b8b63](https://etherscan.io/address/0x9a85B172924C6D27936f1F325a10f57b282b8b63) | | stEUR/EURe | [0x06135A9Ae830476d3a941baE9010B63732a055F4](https://gnosisscan.io/address/0x06135A9Ae830476d3a941baE9010B63732a055F4) | [0x49b7C059bF0A71583918928D33C84Dcb2aa001f8](https://gnosisscan.io/address/0x49b7C059bF0A71583918928D33C84Dcb2aa001f8) | [0xcAe3a084B78f292f150927a88524B2D1b75Dc7E2](https://etherscan.io/address/0xcAe3a084B78f292f150927a88524B2D1b75Dc7E2) | | sBAL3 | [0x7644fA5D0eA14FcF3E813Fdf93ca9544f8567655](https://gnosisscan.io/address/0x7644fA5D0eA14FcF3E813Fdf93ca9544f8567655) | [0x031fb3431d25f92f43694dbbec6a2cb7451c101e](https://gnosisscan.io/address/0x031fb3431d25f92f43694dbbec6a2cb7451c101e) | [0xCd9e6A19C20b58Ee51F0bfbCF5ff7435236F8d77](https://etherscan.io/address/0xCd9e6A19C20b58Ee51F0bfbCF5ff7435236F8d77) | ### 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):`0x6994e2055793fA2564b6758f4a0EEA7750130A58` gaugeType(string): `Gnosis` gauge(address):`0x9a85B172924C6D27936f1F325a10f57b282b8b63` gaugeType(string): `Gnosis` gauge(address):`0xcAe3a084B78f292f150927a88524B2D1b75Dc7E2` gaugeType(string): `Gnosis` gauge(address):`0xCd9e6A19C20b58Ee51F0bfbCF5ff7435236F8d77` gaugeType(string): `Gnosis` 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. gauge(address):`0x5a6fb12d15021649dda459e8585812142Aa6b968` gauge(address):`0x399A750516c14C80480AED2Bb597092b9118Caa9` gauge(address):`0xf0d3268d36Adf812Fa69756500D72A899D4c2420` gauge(address):`0x7F75ecd3cFd8cE8bf45f9639A226121ca8bBe4ff` The DAO Multisig on Gnosischain gno:`0x2a5AEcE0bb9EfFD7608213AE1745873385515c18` will interact with the Authorizer at `0xA331D84eC860Bf466b4CdCcFb4aC09a1B43F3aE6` and call grantRole `0x73c3332de64a6f7b137bea3255a221d779cc0f170ea4892ff0581faf799230ff` for account `0x2a5AEcE0bb9EfFD7608213AE1745873385515c18`which corresponds to granting the DAO multisig the role to enable recovery mode on ComposableStablePools-v5 (can be verified [here](https://github.com/balancer/balancer-deployments/blob/8df6e330a561a2f176dc12ed619159c7ff456f87/action-ids/gnosis/action-ids.json)). 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: October 19th: 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. ---
**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:** [October 12, 2023, 1:46pm UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233/2 "2023-10-12T13:46:59Z")
[https://snapshot.org/#/balancer.eth/proposal/0x17eacfbaea2448ee3d3e5bf50622cde7c2259b47565220908ecb2d70a36f8a10](https://snapshot.org/#/balancer.eth/proposal/0x17eacfbaea2448ee3d3e5bf50622cde7c2259b47565220908ecb2d70a36f8a10) ---
**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:** [October 12, 2023, 1:52pm UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233/3 "2023-10-12T13:52:36Z")
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. ---
**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:** [October 12, 2023, 6:00pm UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233/4 "2023-10-12T18:00:29Z")
Please see relevant rate provider reviews are completed and both received Summary judgement: SAFE. [sDAI review](https://github.com/threerocks-defi/code-review/blob/main/rate-providers/SavingsDAIRateProviderGnosis.md), [stEUR review](https://github.com/threerocks-defi/code-review/blob/main/rate-providers/stAgEurRateProvider.md). ---
**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:** [October 16, 2023, 5:39am UTC](https://forum.balancer.fi/t/bip-447-replace-gauges-in-gnosis-to-maximise-capital-efficiency-gnosis/5233/5 "2023-10-16T05:39:59Z")
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: ### Revised gnosis Gauge Table | | | | | --- | --- | --- | | | New root | New Child | | wseth/sdai | 0x2041F8a758A0266e1B9272fcd4B1F1c37b67d5da | 0x4d13d387f372dbe5125B7d78E75094ac85B31eDc | | eure/sdai | 0x346F1D4F98F055bb0791465923E27a10F1082912 | 0xBB2598b89202596A743BE0b615001D7D5164f167 | | stEUR/Eure | 0x2617724db92a8dbD4ebA7E24615BA369133Ff684 | 0x49b7C059bF0A71583918928D33C84Dcb2aa001f8 | | sBAL3 | 0xA9659365461380e8A6B30a50d421C1f5FCD8A8bC | 0xDec0362b3229690fBe4f88c57472610588Bb9A2E | The data can be verified with the latest validation report here: [BIP-447: Replace gauges in Gnosis to maximise capital efficiency [Gno… by Xeonus · Pull Request #545 · BalancerMaxis/multisig-ops · GitHub](https://github.com/BalancerMaxis/multisig-ops/pull/545#issuecomment-1763575889) Report output: ```auto +-----------------------+---------------------------------------------------------------------+---------------------------+--------------------------------------------+-------------------------------------------------------------+-------------------------------------------------+---------+------------+ | function | pool_id_and_address | symbol_and_info | gauge_address_and_info | tokens | rate_providers | bip | tx_index | +=======================+=====================================================================+===========================+============================================+=============================================================+=================================================+=========+============+ | GaugeAdderV4/addGauge | 0xbc2acf5e821c5c9f8667a36bb1131dad26ed64f9000200000000000000000063 | B-50sDAI-50wstETH | 0x2041F8a758A0266e1B9272fcd4B1F1c37b67d5da | "wstETH(0x6C76971f98945AE98dD7d4DFcA8711ebea946eA6)", | "0x0000000000000000000000000000000000000000", | BIP-447 | 0 | | | pool_address: 0xBc2acf5E821c5c9f8667A36bB1131dAd26Ed64F9 | fee: 0.3, a-factor: N/A | Style: L0 sidechain, cap: 100.0% | "sDAI(0xaf204776c7245bF4147c2612BF6e5972Ee483701)" | "0x0000000000000000000000000000000000000000" | | | +-----------------------+---------------------------------------------------------------------+---------------------------+--------------------------------------------+-------------------------------------------------------------+-------------------------------------------------+---------+------------+ | GaugeAdderV4/addGauge | 0xdd439304a77f54b1f7854751ac1169b279591ef7000000000000000000000064 | EURe/sDAI | 0x346F1D4F98F055bb0791465923E27a10F1082912 | "sDAI(0xaf204776c7245bF4147c2612BF6e5972Ee483701)", | "0x89C80A4540A00b5270347E02e2E144c71da2EceD", | BIP-447 | 1 | | | pool_address: 0xDd439304A77f54B1F7854751Ac1169b279591Ef7 | fee: 0.05, a-factor: 50 | Style: L0 sidechain, cap: 100.0% | "EURe(0xcB444e90D8198415266c6a2724b7900fb12FC56E)", | "0xE7511f6e5C593007eA8A7F52af4B066333765e03", | | | | | | | | "EURe/sDAI(0xDd439304A77f54B1F7854751Ac1169b279591Ef7)" | "0x0000000000000000000000000000000000000000" | | | +-----------------------+---------------------------------------------------------------------+---------------------------+--------------------------------------------+-------------------------------------------------------------+-------------------------------------------------+---------+------------+ | GaugeAdderV4/addGauge | 0x06135a9ae830476d3a941bae9010b63732a055f4000000000000000000000065 | stEUR/EURe | 0x2617724db92a8dbD4ebA7E24615BA369133Ff684 | "stEUR(0x004626A008B1aCdC4c74ab51644093b155e59A23)", | "0xff315299C4d3FB984b67e31F028724b6a9aEb077", | BIP-447 | 2 | | | pool_address: 0x06135A9Ae830476d3a941baE9010B63732a055F4 | fee: 0.05, a-factor: 200 | Style: L0 sidechain, cap: 100.0% | "stEUR/EURe(0x06135A9Ae830476d3a941baE9010B63732a055F4)", | "0x0000000000000000000000000000000000000000", | | | | | | | | "EURe(0xcB444e90D8198415266c6a2724b7900fb12FC56E)" | "0x0000000000000000000000000000000000000000" | | | +-----------------------+---------------------------------------------------------------------+---------------------------+--------------------------------------------+-------------------------------------------------------------+-------------------------------------------------+---------+------------+ | GaugeAdderV4/addGauge | 0x7644fa5d0ea14fcf3e813fdf93ca9544f8567655000000000000000000000066 | sBAL3 | 0xA9659365461380e8A6B30a50d421C1f5FCD8A8bC | "USDT(0x4ECaBa5870353805a9F068101A40E0f32ed605C6)", | "0x0000000000000000000000000000000000000000", | BIP-447 | 3 | | | pool_address: 0x7644fA5D0eA14FcF3E813Fdf93ca9544f8567655 | fee: 0.01, a-factor: 2000 | Style: L0 sidechain, cap: 100.0% | "sBAL3(0x7644fA5D0eA14FcF3E813Fdf93ca9544f8567655)", | "0x0000000000000000000000000000000000000000", | | | | | | | | "sDAI(0xaf204776c7245bF4147c2612BF6e5972Ee483701)", | "0x89C80A4540A00b5270347E02e2E144c71da2EceD", | | | | | | | | "USDC(0xDDAfbb505ad214D7b80b1f830fcCc89B60fb7A83)" | "0x0000000000000000000000000000000000000000" | | | +-----------------------+---------------------------------------------------------------------+---------------------------+--------------------------------------------+-------------------------------------------------------------+-------------------------------------------------+---------+------------+ ```