[BIP-700] Enable a wstETH/GYD gauge [Ethereum]

BAL Gauges
1

PR With Payload

Summary

This is a proposal to enable one uncapped Balancer gauge on Ethereum 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.

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 wstETH/GYD E-CLP on Ethereum.

  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): 0xCda69C40176B98bB1773109d1fEa91e12F478451
gaugeType(string): Ethereum

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https://snapshot.org/#/balancer.eth/proposal/0x5d79b5cc47b0781dc9146367414fcad070809547cd5fc1f41ae01809aca1e36b