[BIP-824] Enable YieldFi yUSD/USDC gauges on Balancer v3 Base new pool deployment

PR with Payload

Summary:

This is a proposal to enable the root gauge https://etherscan.io/address/0x5A65665161A2b231FD1bB22FBebFA1cB624BdBc3

on Ethereum, [which redirects rewards to the child gauge https://basescan.org/address/0x50355F3Bb70317E518905664CE09333FA8b90645
on Base,] for the pool https://basescan.org/address/0xb6a9a815d98cb98fd9f2353ec59de07b63f5b485

(surge yUSD/ waBasUSDC).

References/Useful links:

Link to:

• Website: https://yield.fi/

• Documentation: https://docs.yield.fi/

• Github Page: YieldFi · GitHub

• Twitter: https://x.com/getyieldfi

Motivation:

We have recently upgraded the architecture for yUSD for higher composability and fortified security and have deployed new pools with the v2 yUSD tokens on Balancer. Users are migrating from our old pool to new ones this week.

As we have historically seen high demand on Base, we are expanding this pair to base and by enabling gauge rewards, this pool will attract additional TVL, benefiting both protocols while creating one of the highest-yielding stable opportunities on Base.

https://dune.com/queries/4756760/7896201

This integration creates synergies between YieldFi, Balancer, and Aave, boosting activity across all three ecosystems.

Protocol Description:

yUSD is the yield bearing token by YieldFi deployed on Base and is backed by stablecoins like USDC/USDT/USR/wstUSR that strategically allocates assets across blue-chip DeFi protocols to generate 10-20% yields (currently 10.24% APY). The product features daily yield distribution, institutional-grade security, and full on-chain transparency.

waBasUSDC is the wrapped version of Aave’s interest-bearing aBasUSDC on Base, which allows users to earn yield from USDC deposits in Aave.

Specifications:

Governance: YieldFi operates with a MPC wallet

Oracles: Oracles | YieldFi

Audits: Audits | YieldFi

Centralization vectors: The primary centralization vectors include the MPC custody and professional team management of yield strategies (necessary for optimal returns)

Market History: yUSD has maintained a perfect positive yieldcurve with no drawdown since launch with zero instances of depegging.

https://dune.com/queries/4785783/7937254

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):
0xGaugeAddress: https://basescan.org/address/0x50355F3Bb70317E518905664CE09333FA8b90645
0xRootGaugeAddress: https://etherscan.io/address/0x5A65665161A2b231FD1bB22FBebFA1cB624BdBc3

0xPoolAddress: https://basescan.org/address/0xb6a9a815d98cb98fd9f2353ec59de07b63f5b485

gaugeType(string): Base

Edit Maxis:

  • added payload

https://snapshot.box/#/s:balancer.eth/proposal/0x04f8cf4b93cca840d55377bb1c7b321cbdbaea5128d3b1a67e7ab2cab2c9e993