[BIP-730] Enable two E-CLP gauges [Ethereum]

[jooooo5as]

PR with Payload

[BIP-730] Enable two E-CLP gauges [Ethereum]

Summary

This is a proposal to enable two uncapped Balancer gauge on Ethereum for a cbETH/wstETH E-CLP and for a cbBTC/WBTC E-CLP.

References/Useful links

Links

• Documentation of E-CLPs
• Website
• Github
• Discord
• X

Protocol Description

• cbETH is an ETH LST, issued by Coinbase.
• wstETH is a wrapped, static ETH LST, issued by Lido.
• WBTC is a BTC wrapper on Ethereum, jointly-issued by BitGo and BiT Global.
• cbBTC is a BTC wrapper on Ethereum, issued by Coinbase.

Motivation

Gyroscope is launching further strategic pools on Ethereum.

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:

• cbETH/wstETH
  • ‘rateProvider0’: 0x72D07D7DcA67b8A406aD1Ec34ce969c90bFEE768 and relevant review.
  • ‘rateProvider1’: 0x7311E4BB8a72e7B300c5B8BDE4de6CdaA822a5b1
• cbBTC/WBTC
  • ‘rateProvider0’: 0x00
  • ‘rateProvider1’: 0x00

3. 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.

4. 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.

5. Market History: LST and wrapper pools.

6. Value: This pool is intended to better connect between in-demand like-to-like assets.

Contracts

• cbETH/wstETH
  • E-CLP: 0xC683955059e98350DE4e5Dc1C75971bD640829Bb
  • Root Gauge on Ethereum: 0x655A2B240151b4fAb06dfb2B6329eF72647F89dd

• cbBTC/WBTC, centered at 1900
  • E-CLP: 0x9D73398C54be236da189d937EACE8E6dccaD3616
  • Root Gauge on Ethereum: 0xF3E9A97e5fEddf961A3d431627561bbFc7cFb6cf

Specification

Transaction: The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function two times with the following arguments:

1st addGauge function call
gauge(address): 0x655A2B240151b4fAb06dfb2B6329eF72647F89dd
gaugeType(string): Ethereum

2nd addGauge function call
gauge(address): 0xF3E9A97e5fEddf961A3d431627561bbFc7cFb6cf
gaugeType(string): Ethereum

[ZenDragon]

https://snapshot.org/#/balancer.eth/proposal/0x7b2917d9b588999bddc2ae34d4368d2da8ae85c96a4d510e793cd463442c58dc