# \[BIP-701\] Enable a balETH/wstETH gauge \[Ethereum\] **URL:** \ **Category:** BAL Gauges\ **Created:** [September 18, 2024, 7:49pm UTC](https://forum.balancer.fi/t/bip-701-enable-a-baleth-wsteth-gauge-ethereum/6000 "2024-09-18T19:49:21Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Tokemak](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tokemak/32/3382_2.png) [@Tokemak](https://forum.balancer.fi/u/Tokemak)\ **Post date:** [September 18, 2024, 7:49pm UTC](https://forum.balancer.fi/t/bip-701-enable-a-baleth-wsteth-gauge-ethereum/6000/1 "2024-09-18T19:49:21Z")
PR With Payload > > > Proposal: https://forum.balancer.fi/t/bip-xxx-enable-a-baleth-wsteth-gauge-ether…eum/6000 > > balETH Rate provider review: https://github.com/balancer/code-review/blob/main/rate-providers/TokemakRateProvider.md **Summary:** Tokemak proposes to add a veBAL gauge for balETH/wstETH and request core pool status on Balancer. **References/Useful links:** • Website: [https://www.tokemak.xyz/](https://www.tokemak.xyz/) • Documentation: [https://docs.tokemak.xyz/](https://docs.tokemak.xyz/) • Github Public Repo: [GitHub - Tokemak/v2-core-pub](https://github.com/Tokemak/v2-core-pub) **Protocol Description:** Tokemak developed Autopilot to introduce automated liquidity to DeFi. As a novel LP aggregation primitive, Autopilot monitors and autonomously routes liquidity across eligible LP destinations. This is achieved through configurable Autopools (ERC-4626), which represent option sets of eligible destinations for liquidity rebalances. Using Autopools, LPs receive optimal returns, which are auto-compounded into the respective Autopool. Furthermore, LPs remain composable with DeFi through LATs (Liquid Auto Tokens), the Autopool’s yield-bearing receipt tokens. The balETH Balancer Autopool represents a customized deployment that rebalances LPs exclusively across Balancer pools. This custom deployment highlights the configurable nature of Autopools and its value proposition in streamlining liquidity across Balancer’s extensive user base. **Motivation:** Tokemak is seeking to establish a balETH/wstETH pool to create balETH liquidity and foster its utility and integrations across DeFi. **Specifications:** 1. Governance: Autopilot currently operates with a set of multi-sig wallets. Ownership of contracts is held by the Tokemak DAO multi-sig with an additional used for any operations. 2. Oracles: Autopilot utilizes oracles from Chainlink and Redstone. To track stats for various incentive tokens prices may be pushed on-chain via Keeper from Coingecko. Link to balETH rate provider [review](https://github.com/balancer/code-review/pull/152). 3. Audits: Tokemak’s smart contracts are audited by Hexens and Sherlock. Furthermore, Autopilot’s strategy contracts are formally verified by Certora. Lastly, Tokemak relies on Hypernative for real-time monitoring. All security reports can be found at the following link: [Security and Audits | Auto Finance](https://docs.tokemak.xyz/developer-docs/security-and-audits) 4. Centralization Vectors: Centralization vectors currently are around multi-sig control of contracts, front-end hosting, and Keeper usage. Contracts are not upgradable but some may be replaced by newer versions. 5. Market History: The balETH Autopool was launched on the 16th of September, 2024 and with $4.2M in TVL; 6. Value: The balETH Autopool streamline liquidity across Balancer and automates liquidity rebalances across the underlying Balancer pools. **Pool UI:** [https://balancer.fi/pools/ethereum/v2/0xb757ddbc72155c0a41058e148969ba29ba071a2e0000000000000000000006ce](https://balancer.fi/pools/ethereum/v2/0xb757ddbc72155c0a41058e148969ba29ba071a2e0000000000000000000006ce) **Ethereum pool:** > **[Address: 0xB757DdbC...9BA071A2E | Etherscan](https://etherscan.io/address/0xB757DdbC72155C0a41058E148969BA29BA071A2E)** > > Contract: Verified | Token Rep: Unknown | Balance: $0 across 0 Chain | Transactions: 21 | As at Nov-26-2025 04:39:51 PM (UTC) **Gauge Address:** > **[Address: 0xfc4BEBF1...59ECaEc5A | Etherscan](https://etherscan.io/address/0xfc4BEBF1f33594be59Fdfb7e1c4a45759ECaEc5A)** > > Contract: Verified | Token Rep: Unknown | Balance: $0 across 0 Chain | Transactions: 12 | As at Nov-26-2025 04:39:52 PM (UTC) #### 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): `0xfc4BEBF1f33594be59Fdfb7e1c4a45759ECaEc5A` > gaugeType(string): `Ethereum` ---
**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:** [September 19, 2024, 11:47am UTC](https://forum.balancer.fi/t/bip-701-enable-a-baleth-wsteth-gauge-ethereum/6000/2 "2024-09-19T11:47:51Z")
[https://snapshot.org/#/balancer.eth/proposal/0x3afbfa271dd43aecc8ee157efbf471ec7e27e05f94242c7fe35327187200a03a](https://snapshot.org/#/balancer.eth/proposal/0x3afbfa271dd43aecc8ee157efbf471ec7e27e05f94242c7fe35327187200a03a)