[BIP-692] Enable sDAI/aUSDC.e E-CLP Gauge [Gnosis]

BAL Gauges
1

PR With Payload

Summary

This is a proposal to enable one uncapped Balancer gauge on Gnosis Chain for an sDAI/aUSDC.e E-CLP.

References/Useful links

Links

Protocol Description

  • aUSDC.e is the deposit receipt token issued by the Aave protocol to lenders of bridged USDC. Since aTokens are rebasing, this pool uses BGD Labs’s statA wrapper that is a repricing representation of statA tokens that reflects the accruing lending yield.
  • Savings Dai (sDAI) is a tokenized, yield-bearing representation of Dai deposited in the Dai Savings Rate (DSR) offered by MakerDAO.

Motivation

Gyroscope is launching further strategic pools.

Specification

  1. Governance: The Gyroscope Protocol will be governed by a DAO and relevant stakeholder with the full launch on Ethereum. For now, the FTL Labs multi-sig can pause the pool, change the swap fee and set the protocol fee. As a custom pool by Gyroscope, the E-CLP will be controlled by Gyroscope governance upon its launch.

  2. Oracles:

  1. Audits: Audit reports by Nethermind, Trail of Bits, and Runtime Verification can be accessed here (the E-CLP is called the “CEMM” in these reports). In addition, the E-CLP code has been live in production since November 2022.

  2. Centralization vectors: No centralization vectors. The FTL Labs team’s multi-sig can - currently - pause the pool, change the swap fee and set the protocol fee.

  3. Market History: This is the first sDAI/aUSDC.e E-CLP on Gnosis Chain.

  4. Value: This pool is intended to be the primary source of liquidity for the token(s).

Contracts

Specification

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): 0xc0b75da8E6F6403804EFEFDE3101b02276C5f8EA
gaugeType(string): Gnosis

3 Likes