# \[BIP-497\] Enable plsRDNTV2/8020RDNTWETH Gauge with a 2% weight cap **URL:** \ **Category:** BAL Gauges\ **Created:** [November 28, 2023, 8:42am UTC](https://forum.balancer.fi/t/bip-497-enable-plsrdntv2-8020rdntweth-gauge-with-a-2-weight-cap/5377 "2023-11-28T08:42:43Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![PlutusDAO](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@PlutusDAO](https://forum.balancer.fi/u/PlutusDAO)\ **Post date:** [November 28, 2023, 8:42am UTC](https://forum.balancer.fi/t/bip-497-enable-plsrdntv2-8020rdntweth-gauge-with-a-2-weight-cap/5377/1 "2023-11-28T08:42:43Z")
### PR with Payload > > > \- Enable plsRDNTV2/8020RDNTWETH gauge on Arbitrum > \- Tenderly-sim: https://dashb…oard.tenderly.co/public/safe/safe-apps/simulator/9295829e-62c9-4bfc-b1e2-1526dc9f2397 > \- Enable core pool designation **Summary:** This proposal enables a Balancer gauge for a plsRDNTv2/8020RDNTWETH LP stable pool on Balancer Arbitrum. This pool is requested to have a gauge with a 2% weight cap until adoption proves it deserves higher in the gauge system. The plsRDNTv2 yield is autocompounded and tracked via a rate provider which will be used to maintain peg of the stablepool. This will permit plsRDNTv2 lockers to compound their DLP rewards into permalocked DLP, while swapping in and out of the locked position. The pool will be therefore be yield bearing and be designated as a core pool with the core infra 1.75x multiplier for ARB STIP incentives mentioned [here](https://github.com/BalancerMaxis/data_automation/blob/main/notebooks/arb_dao_grant_distribution/README.md) **References/Useful Links:** • Website: [https://plutusdao.io/](https://plutusdao.io/) • Documentation: [Protocol Overview | Plutus](https://plutusdao-1.gitbook.io/plutus-docs) • Github Page: [Plutus · GitHub](https://github.com/PlutusDAO) • Communities: [https://discord.com/invite/plutusdao ](https://discord.com/invite/plutusdao)• Medium: [https://medium.com/@plutusdao.io ](https://medium.com/@plutusdao.io) **Protocol Description:** Plutus is an Arbitrum-native governance aggregator aiming to maximize users’ liquidity and rewards while aggregating governance behind the PLS token. Plutus’ objective is to become the de-facto Layer 2 governance blackhole for projects with veTokens and the home of exotic liquid staking derivatives. plsRDNTv2 is an index (4626) built on top of the Radiant dLP, a liquid staking derivative of the max-locked dLP token on Radiant. **Motivation:** We believe having plsRDNTV2 - 8020RDNTWETH LP on Balancer represents a strong partnership between Plutus, Balancer and Radiant, leading to permanently locked liquidity and governance for Radiant and Balancer as plsRDNTv2 locks the underlying DLP, which lives on Balancer permanently. This allows us to create a flywheel that will bring value through the following mechanisms: 1. Aura and veBAL holders through bribes 2. Balancer through permanently locked liquidity and fees 3. Plutus and Radiant users via the liquid staking derivative **Specifications:** 1. Governance: Current 3/5 multisig is controlled by the team, eventually governance power will be decentralized to bPLS holders. [Plutus DAO: Governance | Address: 0xa5c1c5a6...119bE1876 | Arbitrum One](https://arbiscan.io/address/0xa5c1c5a67Ba16430547FEA9D608Ef81119bE1876) 2. Oracles: the plsRDNTv2 contract will have a getRate function, this is under review by the integrations team pending approval 3. Audits: No audit for plsRDNTv2 but using the same mechanism as plvGLP [PlvGLP Smart Contract Audit by SourceHat](https://sourcehat.com/audits/PlvGLP/) 4. Centralization vectors: Multisig will have significant control over the system, including changing params and fees 5. Market History: No history for plsRDNTv2, but the plsRDNTv1 lp currently lives on 0x3fb69d8720816a604487f2fd5813b72c15dd77ea which has market history here: [plsRDNT $0.01617 - Plutus RDNT / RDNT on Arbitrum / Unknown DEX - DEX Screener](https://dexscreener.com/arbitrum/0x3fb69d8720816a604487f2fd5813b72c15dd77ea) 6. Value: This product will lead to permanently locked liquidity on Balancer that will earn fees, while also bringing value to the Aura and veBAL holders via bribes. Pool: [0x451B0Afd69ACe11Ec0AC339033D54d2543b088a8](https://app.balancer.fi/#/arbitrum/pool/0x451b0afd69ace11ec0ac339033d54d2543b088a80000000000000000000004d5) Gauge w/ 2% cap: [0xB66E8D615F8109cA52D47D9cB65Fc4edcF9c1342](https://etherscan.io/address/0xB66E8D615F8109cA52D47D9cB65Fc4edcF9c1342#code) ![](https://canada1.discourse-cdn.com/flex027/uploads/balancer/original/2X/0/0754fc67d47c668cc1d745f6686d25a0e9ca6507.png) **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):`0xB66E8D615F8109cA52D47D9cB65Fc4edcF9c1342` gaugeType(string): `Arbitrum` Additionally, this pool is requesting `core pool` status as per BIP-457 ---
**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 28, 2023, 9:58pm UTC](https://forum.balancer.fi/t/bip-497-enable-plsrdntv2-8020rdntweth-gauge-with-a-2-weight-cap/5377/2 "2023-11-28T21:58:30Z")
Very excited about this proposal! In full support! ---
**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 30, 2023, 1:09am UTC](https://forum.balancer.fi/t/bip-497-enable-plsrdntv2-8020rdntweth-gauge-with-a-2-weight-cap/5377/3 "2023-11-30T01:09:00Z")
[https://snapshot.org/#/balancer.eth/proposal/0x2af86346bfae2a57ad1268a8da80064c3c805d16eca2cc5d46fb5f7db8340593](https://snapshot.org/#/balancer.eth/proposal/0x2af86346bfae2a57ad1268a8da80064c3c805d16eca2cc5d46fb5f7db8340593)