# \[BIP-717\] Enable GHO/wUSDL Gauge on Arbitrum **URL:** \ **Category:** BAL Gauges\ **Created:** [October 8, 2024, 8:28pm UTC](https://forum.balancer.fi/t/bip-717-enable-gho-wusdl-gauge-on-arbitrum/6072 "2024-10-08T20:28:03Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![TokenLogic](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tokenlogic/32/2656_2.png) [@TokenLogic](https://forum.balancer.fi/u/TokenLogic)\ **Post date:** [October 8, 2024, 8:28pm UTC](https://forum.balancer.fi/t/bip-717-enable-gho-wusdl-gauge-on-arbitrum/6072/1 "2024-10-08T20:28:03Z")
PR With Payload: > > > Proposal: https://forum.balancer.fi/t/bip-xxx-enable-gho-wusdl-gauge-on-arbitrum…/6072 > > wUSDL Rate Provider: https://github.com/balancer/code-review/pull/167 > ## Summary > > @TokenLogic and @kpk proposes creating a gauge for the new GHO/USDL ComposableStable Pool on Arbitrum. > > GHO/wUSDL Pool - Composable Stable Amp 500 > > This gauge would enter as a “core pool” under BIP-19, meaning protocol fees earned by this pool would be used to bribe for votes on it. > ## References/Useful links > > **GHO** > > - [Website](https://app.aave.com/markets/) > - [Documentation](https://docs.aave.com/hub/) > - [Github Page](https://github.com/aave/interface) > - [Communities](https://governance.aave.com/) > > **wUSDL** > > - [Website](https://liftdollar.com/) > - [Documentation](https://docs.liftdollar.com/) > - [WhitePaper](https://whitepaper.liftdollar.com/index.html) > - [X](https://x.com/LiftDollar_USDL) > ## Protocol Description > > **GHO & Aave Protocol** > The Aave Protocol is a decentralized liquidity protocol that is deployed across many EVM compatible networks including but not limited to Optimism, Arbitrum, Avalanche and Polygon. Currently, the Aave Protocol has a TVL of approximately $10.7 Billion. > > GHO is a decentralized multi-collateral stable coin that is fully backed, transparent and native to the Aave Protocol. > > **wUSDL & Paxos** > > USDL is issued by Paxos International which is regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). > > Lift Dollar (USDL) is an ERC-20 token that distributes yield generated by its cash and cash equivalent reserve assets through a daily rebasing mechanism embedded in the smart contract. The wrapped version of USDL, wUSDL, compounds the yield over time to provide holders with a native savings rate. > > USDL Contract Address: [`0x7f850b0ab1988dd17b69ac564c1e2857949e4dee`](https://arbiscan.io/address/0x7f850b0ab1988dd17b69ac564c1e2857949e4dee) > wUSDL Contract Address: [`0x7751e2f4b8ae93ef6b79d86419d42fe3295a4559`](https://arbiscan.io/address/0x7751e2f4b8ae93ef6b79d86419d42fe3295a4559) > ## Motivation > > This proposal is to enable BAL emissions to the following gauge: > > - GHO/wUSDL ComposableStable Pool on Arbitrum Amp 1,000 > > Paxos is expected to provide 5M initial liquidity to seed the pool. > > At a later date, when Gyroscope has progressed through Paxo’s risk assessment process, this pool may transition to an ECLP. To support the launch of USDL, the Composable Stable pool type was preferred. > ## Specification > > 1. **Governance:** > > - AAVE, aAAVE and stkAAVE serve as the governance tokens for the Aave DAO. Holders can vote on proposals at both a Snapshot level and through the Aave DAO [on-chain governance portal](https://app.aave.com/governance/). > > - Paxos International is a Paxos-affiliate company based in the Abu Dhabi Global Market, the financial free zone of Abu-Dhabi Emirates in UAE. Paxos International’s corporate activities and performance are overseen by a Board of Directors. > > 1. **Oracles:** > > - rateProvider0 (for GHO): 0x0 (none) > - rateProvider1 (for wUSDL): > > 1. **Audits:** > > _Aave v3_ > > - [ABDK](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_ABDK_AaveV3.pdf) > - [OpenZeppelin](https://github.com/aave/aave-v3-core/blob/master/audits/01-11-2021_OpenZeppelin_AaveV3.pdf) > - [Trail of Bits](https://github.com/aave/aave-v3-core/blob/master/audits/07-01-2022_TrailOfBits_AaveV3.pdf) > - [Peckshield](https://github.com/aave/aave-v3-core/blob/master/audits/14-01-2022_PeckShield_AaveV3.pdf) > - [SigmaPrime](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf) > > _GHO_ > > - [Sigma Prime](https://github.com/aave/gho-core/blob/main/audits/02-06-2023_SigmaPrime.pdf) > - [Sigma Prime](https://github.com/aave/gho-core/blob/main/audits/07-03-2023_SigmaPrime.pdf) > - [ABDK](https://github.com/aave/gho-core/blob/main/audits/01-03-2023_ABDK.pdf) > - [OpenZeppelin-v2](https://github.com/aave/gho-core/blob/main/audits/10-11-2022_Openzeppelin-v2.pdf) > - [OpenZeppelin-v1](https://github.com/aave/gho-core/blob/main/audits/12-08-2022_Openzeppelin-v1.pdf) > > _wUSDL_ > > - [Audits](https://support.liftdollar.com/hc/en-us/articles/25044783537300-Audit-Requests) can be requested with a Paxos International registered email address. > > 1. **Centralization vectors:** > > - Aave Governance is decentralized, and all changes must go through a transparent and well-tested governance process. > > - Paxos governance is centralised company overseen by a Board of Directors. > > 1. **Market History:** > > - GHO recently launched on Arbitrum whilst USDL is preparing to launch. > > 1. **Value:** > > - GHO/wUSDL is to be onboarded as a Core Pool with a portion of the wUSDL yield to accrue to the Balancer treasury. > ## Pool Details > > Link to Pool: GHO/wUSDL Pool - Composable Stable > Link to Gauges: B-GHO-wUSDL - Root Gauge: [0x2e8A05f0216c6cC43BC123EE7dEf58901d3844D2](https://etherscan.io/address/0x2e8A05f0216c6cC43BC123EE7dEf58901d3844D2#readContract) > Child Chain Gauge: [0xcC014e60585259dA1C8501b00789521659e7a4fC](https://arbiscan.io/address/0xcC014e60585259dA1C8501b00789521659e7a4fC#readContract) > > 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): `0x2e8A05f0216c6cC43BC123EE7dEf58901d3844D2` > gaugeType(string): `Arbitrum` > ## Disclosure > > This proposal is the work of TokenLogic and karpatkey who are both Service Providers and delegates within the Aave Ecosystem. ---
**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:** [October 10, 2024, 2:49pm UTC](https://forum.balancer.fi/t/bip-717-enable-gho-wusdl-gauge-on-arbitrum/6072/2 "2024-10-10T14:49:19Z")
[https://snapshot.org/#/balancer.eth/proposal/0xc2dd5357fee7eef6a7e1b99ae457769c69866480dfe88d035fa182ee3b397406](https://snapshot.org/#/balancer.eth/proposal/0xc2dd5357fee7eef6a7e1b99ae457769c69866480dfe88d035fa182ee3b397406)