[BIP-724] Enable GYD/aUSDT gauge [Polygon PoS]

BAL Gauges
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PR with Payload:

Summary

This is a proposal to enable one uncapped Balancer gauge on Polygon PoS for a GYD/aUSDT E-CLP.

References/Useful links

Links

Protocol Description

  • GYD is a USD denominated meta-stablecoin, issued by Gyroscope.
  • USDT is a USD denominated stablecoin, issued by Tether. aUSDT is the yield-bearing deposit receipt token for lending out USDT on Aave, in a static wrapper.

Motivation

GYD is launching on Polygon PoS. This is a core pool to enable initial liquidity.

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 GYD pool on Polygon PoS.

  4. 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:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments:

gauge(address): 0x8E4debFB047eFCF6501665160739818E90eD621F
gaugeType(string): Polygon

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https://snapshot.org/#/balancer.eth/proposal/0x9dbf8eec494b7f53cd322bd101ff712d5a6b52dcbd6b4a203add0ac841e8c10c