[BIP-582] Enable shezUSD/sDAI Gauge w 2% cap [Ethereum]

PR with Payload

Proposal Summary

This is a proposal to enable a shezUSD/sDAI gauge and request core pool status on Balancer at:

Gauge address

Incentivization Strategy

We plan on directly streaming rewards to Aura, so that Balancer LPs can maximize their yields. We will also bribe to gain votes that reward our pools. These bribes will be paid in SHEZMU tokens. Rewards streaming directly to Aura will be paid in either our token SHEZMU, or in shezUSD. shezUSD is Shezmu’s stablecoin that can be borrowed when depositing whitelisted collateral assets on Oasis. You can read more about Shezmu in the description below.

Key Links

Website: https://shezmu.io/

Docs: Welcome To Shezmu | Shezmu

dApp: Shezmu.io

Twitter: https://x.com/ShezmuTech

Github: Shezmu · GitHub

Protocol Description

Shezmu is the first hybrid isolated lending market supporting ERC-20, ERC-721, and ERC-1155 assets. Cross Chain Router DEX & Pioneer of the supply-elastic NFTfi model. Within our lending market, Oasis, users may deposit whitelisted collateral (USDC, PT-ezETH, wstETH, sUSDe, weETH, BAYC, Pudgy, and Shezmu pharaohs) to borrow shezUSD. This allows for various functionality such as increasing NFT liquidity, looping strategies, and various other yield based functionalities, all in one location.

Shezmu’s tokenomics involve an elastic supply NFTfi model. The token itself, SHEZMU, has 0% buy tax and 6% sell tax, with the ability to burn tokens in exchange for NFTs, labeled guardians. Guardians are a one of a kind ERC standard stemming from ERC-1155s, making them the first NFT with emissions that are composable and splittable. This allows for functionality within SHEZMU’s ecosystem, such as being borrowed against within Oasis, but also for dollar cost averaging (DCA) in and out of NFTs with fractionalization, allowing for increased liquidity depth and choices for users.

Within Shezmu, there is also a platform known as Agora, that issues bonds to thicken liquidity. This pays out users in our options token, oSHEZMU, as well as daily ETH distributions to increase PoL. Additionally, Shezmu has a fiat on ramp powered by Ondefy, and a cross-chain dex powered by Axelar. All of this bundled together allows for a hyper-liquid ecosystem with various in and outs for users to enter and exit with various levels of liquidity.

Specifications

Governance: Here is a link to the multi-sig wallet for the owner safe:

Oracles: Address 0x32DF1F85eD7804Cb3d67cF8E1678e48D01B439Ff | Etherscan

Audits: Audit conducted by 0xWeisss through Hyacinth can be viewed here:

Centralization Vectors: We have a small team (under 15 members), with one lead engineer and 5 developers for front and back end development, but both plans and funds are in place to scale as needed. The treasury is currently controlled by the multi-sig wallet.

Market History: Shezmu launched on September 8th, 2023. Since then, our community has gained over 1800 holders (NFTs + Tokens) and has gained over $250k in TVL. There have been no major volatility events attached to SHEZMU or shezUSD since launch.

Pool: Balancer

Gauge: Vyper_contract | Address 0xA71Adac76A2e34f8F988Fa6992E3bDAd08D92C01 | Etherscan

Value: Our goal is to align the majority yield pool with where most users are providing liquidity. If the Balancer pool gains significant popularity within our community and maintains significant APR values, we are highly inclined to back it as the primary liquidity source.

Technical 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): 0xA71Adac76A2e34f8F988Fa6992E3bDAd08D92C01

gaugeType(string): Ethereum

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https://snapshot.org/#/balancer.eth/proposal/0x0ba45a5cdaf3875e1ebcd9f67f3a4e3ba827c110d89d726fb0c173af441d4478

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