# \[BIP-624\] Enable rsETH / WETH Gauge (Arbitrum) **URL:** \ **Category:** BAL Gauges\ **Created:** [June 12, 2024, 6:51pm UTC](https://forum.balancer.fi/t/bip-624-enable-rseth-weth-gauge-arbitrum/5803 "2024-06-12T18:51:27Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![lipman](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/lipman/32/3015_2.png) [@lipman](https://forum.balancer.fi/u/lipman)\ **Post date:** [June 12, 2024, 6:51pm UTC](https://forum.balancer.fi/t/bip-624-enable-rseth-weth-gauge-arbitrum/5803/1 "2024-06-12T18:51:27Z")
### PR with Payload > > > \- enable rsETH-WETH gauge on Arbitrum > \- Proposal: https://forum.balancer.fi/t/b…ip-624-enable-rseth-weth-gauge-arbitrum/5803 > \- RP needs merge, has been approved: https://github.com/balancer/code-review/pull/84 **Summary:** Kelp proposes to add a veBAL gauge for the rsETH/WETH pool on Arbitrum > **[Balancer](https://app.balancer.fi/#/arbitrum/pool/0x90e6cb5249f5e1572afbf8a96d8a1ca6acffd73900000000000000000000055c)** > > A UI that supports core Balancer protocol functionality. Explore & create pools, manage liquidity, swap tokens, get veBAL and claim incentives. **Child Gauge:** [Address: 0x59907f88...367F96b6C | Arbitrum One](https://arbiscan.io/address/0x59907f88C360D576Aa38dba84F26578367F96b6C#code) **Root Gauge:** [Address: 0x061130d4...DF5e6e4c9 | Etherscan](https://etherscan.io/address/0x061130d4715FCD4828BfCAf6B1a9B93DF5e6e4c9) **References/Useful links:** • Website: [Liquid restaking | Restake ETH or LSTs, mint rsETH and earn Kernel Points!](https://kelpdao.xyz/restake/) • Documentation: [Introduction | Kelp](https://kelp.gitbook.io/kelp) • Github Public Repo: [https://github.com/Kelp-DAO/KelpDAO-contracts](https://github.com/Kelp-DAO/KelpDAO-contracts) • Discord: [Kelp DAO](https://discord.gg/wfDdcmbMjN) • Twitter: [https://twitter.com/KelpDAO](https://twitter.com/KelpDAO) • Telegram: [Telegram: View @KelpDAOxyz](https://t.me/KelpDAOxyz) **Protocol Description:** rsETH is one of the largest LST-based liquid restaked token on the EigenLayer ecosystem. It represents the liquidity of the underlying assets that have been deposited on Kelp. rsETH provides liquidity for the restaked positions, accumulates the rewards, and simplifies rewards management for AVSs Kelp has more than 260,000 ETH worth of assets restaked by over 40,000 users across multiple L2s. All of this is within 4 months of launch By providing liquidity for the restaked positions, wrsETH allows for a seamless experience to engage with DeFi activities and maximize rewards. **Motivation:** Kelp is seeking to establish the [rsETH/ETH on Arbitrum] and on Balancer to further enrich the liquidity of rsETH. This move aims to enhance the trading experience of users, making it more accessible for users while generating additional value for the Kelp community. **Specifications:** 1. **Governance:** Kelp currently operates with a multi-sig wallet. The protocol is planning to transition to decentralized governance soon 2. **Oracles:** Kelp is working with Redstone to create price feeds of rsETH. 3. **Audits:** Kelp’s smart contracts are audited by Sigma Prime and Code4rena. 4. Sigma Prime Report: [https://kelpdao.xyz/audits/smartcontracts/SigmaPrime.pdf](https://kelpdao.xyz/audits/smartcontracts/SigmaPrime.pdf) 5. Code4rena: [Code4rena | Keeping high severity bugs out of production](https://code4rena.com/reports/2023-11-kelp) 6. MixBytes: [KELPDAO LRT-ETH SECURITY AUDIT REPORT](https://kelpdao.xyz/audits/smartcontracts/mixbytes.pdf) 7. **Centralization vectors:** Centralization vectors currently are around upgradeability via proxy multi-sig and front-end hosting. Kelp’s goal is to migrate Kelp away from these vectors. - . **Market History:** Kelp has seen meteoric growth in TVL in the last few weeks with TVL over 260k ETH and \>40,000 holders of rsETH across mainnet and L2s. Arbitrum pool: [Balancer](TO BE ADDED) Rate provider: [Address: 0x3222d3de...c4adc627e | Arbitrum One](https://arbiscan.io/address/0x3222d3de5a9a3ab884751828903044cc4adc627e#code) - . **Value:** This will be the first wrsETH balancer pool on Arbitrum and is aimed at providing primary liquidity for wrsETH on ARB. **Technical Specifications:** Transaction: 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): `0x061130d4715FCD4828BfCAf6B1a9B93DF5e6e4c9` gaugeType(string): `Arbitrum` ---
**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:** [June 13, 2024, 6:34am UTC](https://forum.balancer.fi/t/bip-624-enable-rseth-weth-gauge-arbitrum/5803/2 "2024-06-13T06:34:13Z")
[https://snapshot.org/#/balancer.eth/proposal/0xbd5413de453ab0869895f4d09b2b9e58b6d06dc08fb89b429de135f5c2b0a3af](https://snapshot.org/#/balancer.eth/proposal/0xbd5413de453ab0869895f4d09b2b9e58b6d06dc08fb89b429de135f5c2b0a3af)