PR With Payload
Summary
This is a proposal to enable two uncapped Balancer gauges on Gnosis Chain for (1) a GYD/aUSDC.e Rehype Pool and (2) a GYD/sDAI E-CLP.
References/Useful links
Links
Protocol Description
- GYD is a USD denominated meta-stablecoin, issued by Gyroscope.
- USDC.e is the bridged version of a USD denominated stablecoin, issued by Circle. aUSDC.e is the yield-bearing deposit receipt token for lending out USDC.e on Aave, in a static wrapper.
- sDAI is a USD denominated stablecoin, issued by MakerDAO, staked to earn yield.
Motivation
GYD is launching on Gnosis Chain. These are two core pools to enable initial liquidity.
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:
- GYD/aUSDC.e
- ‘rateProvider0’: 0x00
- ‘rateProvider1’: 0x5F62fd24941B585b91EB059E0ea1a7e729357511 (and relevant review)
- GYD/sDAI
- ‘rateProvider0’: 0x89C80A4540A00b5270347E02e2E144c71da2EceD (and relevant review)
- ‘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: These are the first GYD pools on Gnosis Chain.
Value: This pool is intended to better match the historic prices and low volatility of the included tokens.
Contracts
GYD/aUSDC.e
- E-CLP: 0x263A6Edafa6444DC2ae550f9EFF6344c1686d6aA
- Child Gauge: 0xeCC38A7E4EB20FB72BA1cDcF2fC7A6002C6C59f3
- Root Gauge: 0xFa2F6BE7cF4da6FaE6A011A4EFC53180c9Cf0a1b
GYD/sDAI
- E-CLP: 0x1e8b447129984d8A6B652C807DfC3bd135973133
- Child Gauge: 0xEA71b7FDAA3683D2d307e8AF3e236FB7a395e88d
- Root Gauge: 0xe2251F5cc98f8Ccd8812Be9c0aAe8A9bD29500F3
Specification
Transaction: The Balancer Maxi LM Multisig
eth:0xc38c5f97B34E175FFd35407fc91a937300E33860will interact with the GaugeAdderv4 at0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cdand call theaddGaugefunction twice with the following arguments:gauge(address):
0xFa2F6BE7cF4da6FaE6A011A4EFC53180c9Cf0a1b
gaugeType(string):Gnosisgauge(address):
0xe2251F5cc98f8Ccd8812Be9c0aAe8A9bD29500F3
gaugeType(string):Gnosis