# \[BIP-677\] Enable GNO/osGNO gauge \[Gnosis\]

**URL:** <https://forum.balancer.fi/t/bip-677-enable-gno-osgno-gauge-gnosis/5924>\
**Category:** BAL Gauges\
**Created:** [August 9, 2024, 7:27pm UTC](https://forum.balancer.fi/t/bip-677-enable-gno-osgno-gauge-gnosis/5924 "2024-08-09T19:27:14Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Netrim](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/netrim/32/3278_2.png) [@Netrim](https://forum.balancer.fi/u/Netrim)\
**Post date:** [August 9, 2024, 7:27pm UTC](https://forum.balancer.fi/t/bip-677-enable-gno-osgno-gauge-gnosis/5924/1 "2024-08-09T19:27:14Z")

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PR with Payload

> <https://github.com/BalancerMaxis/multisig-ops/pull/1244>
>
> Proposal: https://forum.balancer.fi/t/bip-xxx-enable-gno-osgno-gauge-gnosis/5924…
> 
> osGNO Rate Provider: https://github.com/balancer/code-review/blob/main/rate-providers/StakewiseOsTokenRateProviders.md

**Summary:**

- This is a proposal to enable one uncapped Balancer gauge for GNO/osGNO on Gnosis chain.

**References/Useful links:**

> Link to:  
> • [Website  
> ](https://stakewise.io/)• [Documentation  
> ](https://docs-v3.stakewise.io/)• [Github Page  
> ](https://github.com/stakewise/v3-core)• [Discord](https://discord.gg/StakeWise) / [Telegram](https://t.me/stakewise_io) / [Twitter](https://twitter.com/stakewise_io) - ~10K followers

**Protocol Description:**

StakeWise was the first non-custodial liquid staking solution on Gnosis Chain, launched in 2022. After over a year of development and testing, the V3 upgrade is now live on Mainnet. StakeWise V3 is the (Gnosis) Safe of ETH staking, a free public good that aims to fully democratize the staking ecosystem and greatly improve the decentralisation of staked capital. Any entity can offer trustless, non-custodial staking-as-a-service via an open marketplace that gives stakers the ability to delegate to their preferred operators/staking solutions. For more details about StakeWise V3, please refer to the [StakeWise V3 Announcement](https://stakewise.medium.com/stakewise-v3-announcement-9e4fe73abdf2).

StakeWise V3 features a liquid staking token, osGNO, that any staker can mint to access DeFi. osGNO minting is optional and can be done on-demand, for times when a liquid staking token is needed. The liquidity and integrations for osGNO are provided by StakeWise DAO, creating a ready-made liquid staking ecosystem for any operator to plug into. The osGNO token has in-built slashing protection due to its overcollateralisation and accrues yield from a highly diverse set of node operators. osGNO is a new token that is launching with StakeWise V3 and, consequently, there is no historical price data to refer to.

The protocol is governed by StakeWise DAO, a [community-owned](https://docs.stakewise.io/governance/stakewise-dao#tokenomics) DAO with all voting rights falling to holders of SWISE, the StakeWise governance token.

**Motivation:**

Enabling this gauge will unlock the next step for Gnosis Chain composability, enabling a continous stream of incentives can be directed for osGNO liquidity.

**Specifications:**

1. **Governance:**

- Gnosis’ forum is [https://forum.gnosis.io/](https://forum.gnosis.io/)
- Stakewise forum is [https://forum.stakewise.io/](https://forum.stakewise.io/)

1. **Oracles:**  
StakeWise relies on an Oracle network to accurately report validator balances to the protocol smart contracts. StakeWise has 11 leading commercial operators all acting under SLAs to ensure the Network runs efficiently (more information can be found [here](https://docs-v3.stakewise.io/protocol-overview-in-depth/oracles)).

**3. Audits**  
Halborn and Sigma Prime ([reports are here](https://github.com/stakewise/v3-core/tree/main/audits)), alongside a public audit competition hosted by [Hats Finance](https://twitter.com/HatsFinance/status/1712166174459347001).

**4. Centralization vectors**  
No, both the StakeWise DAO and the Oracle network are decentralised.

**5. Market History**  
None, osGNO is a newly deployed token.  
[GNO](https://gnosisscan.io/token/0x9c58bacc331c9aa871afd802db6379a98e80cedb)  
[osGNO](https://gnosisscan.io/token/0xf490c80aae5f2616d3e3bda2483e30c4cb21d1a0)  
[Balancer pool link](https://balancer.fi/pools/gnosis/v2/0x3220c83e953186f2b9ddfc0b5dd69483354edca20000000000000000000000b0)  
[Gauge link](https://gnosisscan.io/address/0x1350724a020B27c4f0E369bB00ae3127022d5465)

**6. Value**  
This new Balancer pool will be the primary source of liquidity for the token.

**Note:** The owner of the Pool is set to Balancer DAO and the Yield Protocol Fee has been disabled on this pool, thus not making it eligible for Core Pool status.

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): `0x77bE4d39598962210b702514219fBCA4A6dc77Ba`  
gaugeType(string): `Gnosis`

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<div class="post-metadata">

**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\
**Post date:** [August 14, 2024, 9:56pm UTC](https://forum.balancer.fi/t/bip-677-enable-gno-osgno-gauge-gnosis/5924/2 "2024-08-14T21:56:50Z")

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[https://snapshot.org/#/balancer.eth/proposal/0x84132262b49816b34ec09039da8e3bd26e79dd4f66b6c66b3e46a31e0fcb5453](https://snapshot.org/#/balancer.eth/proposal/0x84132262b49816b34ec09039da8e3bd26e79dd4f66b6c66b3e46a31e0fcb5453)
