# \[BIP-469\] Enable BEETS/rETH gauge w/ 2% emission cap \[Optimism\]

**URL:** <https://forum.balancer.fi/t/bip-469-enable-beets-reth-gauge-w-2-emission-cap-optimism/5296>\
**Category:** BAL Gauges\
**Created:** [October 31, 2023, 1:59am UTC](https://forum.balancer.fi/t/bip-469-enable-beets-reth-gauge-w-2-emission-cap-optimism/5296 "2023-10-31T01:59:34Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![jeffrey](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/jeffrey/32/2417_2.png) [@jeffrey](https://forum.balancer.fi/u/jeffrey)\
**Post date:** [October 31, 2023, 1:59am UTC](https://forum.balancer.fi/t/bip-469-enable-beets-reth-gauge-w-2-emission-cap-optimism/5296/1 "2023-10-31T01:59:34Z")

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### PR with Payload

> <https://github.com/BalancerMaxis/multisig-ops/pull/601>
>
> \- enable BEETs/rETH gauge on OP
> \- Tenderly-sim: https://dashboard.tenderly.co/p…ublic/safe/safe-apps/simulator/4bf92bf2-b79c-4782-984d-c4639a52d6f9

**Summary:**

> This is a proposal to enable BAL gauge for BEETS 80 / rETH 20 pool on optimism with 2% emission cap

**References/Useful links:**

> Link to:  
> • Website [https://op.beets.fi](https://op.beets.fi)  
> • Documentation [https://docs.beets.fi/](https://docs.beets.fi/)  
> • Github Page [beethovenxfi · GitHub](https://github.com/beethovenxfi)  
> • Communities [https://discord.gg/kbPnYJjvwZ](https://t.co/QJqZqpScHs)  
> • Twitter [https://twitter.com/beethoven\_x](https://twitter.com/beethoven_x)

**Protocol Description:**

> Beethoven X is a friendly fork of Balancer originated from Fantom back in 2021, and has been an essential part of the Balancer. It has been co-operating the Balancer deployment on optimism since 2022. $BEETS is the governance token of Beethoven X; on optimism, the token is bridged by Layerzero as a OFT.

**Motivation:**

> This is to establish $BEETS liquidity on optimism. $BEETS token (the old multichain bridged version) has been used to incentivize liquidity through direct emission and voting incentives on optimism. The $BEETS token has recently been migrated to the Layerzero bridged version due to the multichain incidence (see [governance vote](https://snapshot.org/#/beets.eth/proposal/0xa3454614baec1abe0905d0abe6d1f08b53cae73879000dfcc8bd7c872419910c)). Hence, moving on the layerzero bridged version will be used. The pool will facilitate trading and holding of $BEETS on optimism.

**Specifications:**

1. **Governance:** The BEETS governance is through maBEETS on fantom.

2. **Oracles:** No

3. **Audits:** BeethovenX is a friendly fork of Balancer and has been [independently audited](https://docs.beets.fi/ecosystem/security).

4. **Centralization vectors:** No

5. **Market History:** $BEETS token has a history for more than 2 years and is a well established token.

6. **Value:** This pool will be the primary liquidity of $BEETS on optimism. The pairing with interest bearing $rETH would also earn protocol fees for Balancer.

Pool address: [https://op.beets.fi/pool/0xc1f46ce83439886f0ea9c21512b36e7e67239d2c000200000000000000000108](https://op.beets.fi/pool/0xc1f46ce83439886f0ea9c21512b36e7e67239d2c000200000000000000000108)

Child gauge: [Address: 0x53bFf7a1...0E0DaDd41 | OP Mainnet Etherscan](https://optimistic.etherscan.io/address/0x53bFf7a10181E4Fa2a92011dE9816220E0DaDd41)

Root gauge: [Address: 0x20D03f9D...96e7F39B5 | Etherscan](https://etherscan.io/address/0x20D03f9D0304744891881e6ac1D45b996e7F39B5#code)

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):`0x20D03f9D0304744891881e6ac1D45b996e7F39B5`  
gaugeType(string): `Optimism`

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<div class="post-metadata">

**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:** [November 1, 2023, 7:23pm UTC](https://forum.balancer.fi/t/bip-469-enable-beets-reth-gauge-w-2-emission-cap-optimism/5296/2 "2023-11-01T19:23:35Z")

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[https://snapshot.org/#/balancer.eth/proposal/0x530857a34be237a1a5fa8d1356618bbf8e1e4345fec4392729153e37bd76d8e4](https://snapshot.org/#/balancer.eth/proposal/0x530857a34be237a1a5fa8d1356618bbf8e1e4345fec4392729153e37bd76d8e4)