[BIP-699] Enable a wstETH/GYD gauge [Arbitrum]

BAL Gauges
1

PR With Payload

Summary

This is a proposal to enable one uncapped Balancer gauge on Arbitrum for a wstETH/GYD E-CLP.

References/Useful links

Links

Protocol Description

  • GYD is a USD denominated stablecoin, issued by Gyroscope.
  • wstETH is a static wrapper of stETH. stETH is a yield bearing token that represents staked ether in Lido.

Motivation

Gyroscope is launching further strategic pools. The calibration was improved over the previously deployed, equivalent pool that was whitelisted here.

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: n/a.

  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): 0x9E965252d1b294aF358a232933A65Bd30645c34C
gaugeType(string): Arbitrum

2

https://snapshot.org/#/balancer.eth/proposal/0x11359291f1cb634d26208c2d821d99782790ef031707c76831c56d571255bbbe