PR with Payloads
Summary:
We request adding sFRAX/FRAX pool on Arbitrum to BAL gauge as an uncapped core pool
References/Useful links:
Link to:
• Website
• Documentation
• Github Page
• Communities
Protocol Description:
FRAX is a decentralized stablecoin by Frax Finance, and sFRAX is a staked interest-bearing version of FRAX stablecoin.
Motivation:
The sFRAX-FRAX pool on Arbitrum is a key strategic tool in developing the Frax Finance ecosystem and enhancing the liquidity of both FRAX and sFRAX. By establishing this pool, Balancer has the potential to become a central hub for Frax asset liquidity on Arbitrum. Implementing the BAL gauge and core pool status will significantly facilitate this process, furthering our shared goals in the DeFi space.
Specifications:
- Governance: FRAX governance forum can be seen here and snapshot here.
- Oracles: Rate provider contract for FRAX and for sFRAX.
- Audits: See here
- Centralization vectors: see here.
- Market History: See here
- Value: Balancer will earn the protocol fee on interest-bearing sFRAX in the pool, and so will LPs.
Pool: ComposableStablePool | Address 0xdfa752ca3ff49d4b6dbe08e2d5a111f51773d395 | Arbiscan
Child Gauge: Vyper_contract | Address 0x7dc6C96bf1c0ce2e5Ddad5601AFeCC0207b0870C | Arbiscan
Root Gauge: ArbitrumRootGauge | Address 0x2aBd1863C84CdfEA63581D5b4BAb89B690B39DdF | Etherscan
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):0x2aBd1863C84CdfEA63581D5b4BAb89B690B39DdF
gaugeType(string): Arbitrum
Additionally, this pool is requesting core pool status as per BIP-457