PR With Payload
Summary
This is a proposal to enable one uncapped Balancer gauge on Ethereum for a USDC/GYD E-CLP.
References/Useful links
Links
Protocol Description
Motivation
This USDC/GYD pool has a tighter price range (1 +/- 4 bps) than the previously deployed USDC/GYD pool which has currently 1.3m USD in TVL. This pool is intended to better match the historic prices and low volatility of the included tokens.
Specification
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.
Oracles:
- ‘rateProvider0’: 0x00
- ‘rateProvider1’: 0x00
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.
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.
Market History: This USDC/GYD pool has a tighter range than the previously deployed USDC/GYD pool who has currently 1.3m USD in TVL.
Value: This pool is intended to better match the historic prices and low volatility of the included tokens.
Contracts
Specification
Transaction: The Balancer Maxi LM Multisig
eth:0xc38c5f97B34E175FFd35407fc91a937300E33860will interact with the GaugeAdderv4 at0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cdand call theaddGaugefunction with the following arguments:gauge(address):
0x9c1a157cf8b242f67b3c950eda9a30b320bde9cd
gaugeType(string):Ethereum