PR with Payload
Summary:
This is a proposal to enable Balancer gauge on Arbitrum for sUSDX/USDX/aUSDT pool.
References/Useful links:
Link to:
- Website: https://usdx.money/
- Documentation: https://docs.usdx.money/
- Github Page: USDX Token · GitHub
- Communities: X, Telegram, Discord
Protocol Description:
- Stables Labs is a stablecoin infrastructure project, with USDX as its first product.
- USDX is a synthetic stablecoin, designed to offer a stable, censorship-resistant, crypto-native money. USDX captures yield from crypto-native sources and distributes it back to its users.
- sUSDX is a staked version of USDX; yield for sUSDX currently stands around 10%.
- USDT is a fiat-backed USD-denominated stablecoin, issued by Tether.
Motivation:
- Stables Labs has recently concluded Season 1 of its points campaign, and saw rapid increase in its TVL. Our previous collaboration with Balancer has proven extremely effective, as our sUSDX/USDX became Balancer v2 Arbitrum’s biggest pool (TVL ~$10M). sUSDX/USDX/aUSDT Balancer v3 pool will allow users to enjoy greater yield, and deep pool of liquidity to swap through.
Specifications:
- Governance: currently owned by 0x3f9a06aD4c83c289DF83461fE5F24EE4c4491935 (3 out of 4 multisig).
- Oracles: The protocol does not reply on external oracles.
- Audits: link. Additional audit reports can be viewed on Audit | usdx.money
- Centralization vectors: The centralization vectors primarily relate to the owner of the contracts, which is a 3 out of 4 multisig. The team has 15 full-time, doxxed contributors.
- Market history: USDX has not previously de-pegged, and sUSDX is an ERC4626 token. Balancer pools for USDX/USDT and sUSDX/USDX have just been deployed.
- Value: USDX currently has $620M in TVL, making it the 4th largest protocol by TVL on BNB Chain, and 5th largest protocol by TVL on Arbitrum. We will also be launching Season 2 of our points program soon, which would bring healthy amount of attention and activities around USDX.
sUSDX -USDX-aUSDT Pool Balancer DeFi Liquidity Pools
Child Gauge https://arbiscan.io/address/0x9419c8b7ff370db3823164acea6d9664f4b9c8a9
Root Gauge https://etherscan.io/address/0xeb312b0d7795743C3DE905bc09c0D62aA180A7a6
Technical Specifications:
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): 0xeb312b0d7795743C3DE905bc09c0D62aA180A7a6
gaugeType(string): Arbitrum
Edits by Maxis:
- modified child chain and root gauges
- PR with Payload