# \[BIP-834\] Enable Aave Boosted USDf/aGHO Gauge on Balancer v3 Ethereum

**URL:** <https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-gauge-on-balancer-v3-ethereum/6520>\
**Category:** BAL Gauges\
**Created:** [May 15, 2025, 9:23pm UTC](https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-gauge-on-balancer-v3-ethereum/6520 "2025-05-15T21:23:29Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![TokenLogic](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tokenlogic/32/2656_2.png) [@TokenLogic](https://forum.balancer.fi/u/TokenLogic)\
**Post date:** [May 15, 2025, 9:23pm UTC](https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-gauge-on-balancer-v3-ethereum/6520/1 "2025-05-15T21:23:29Z")

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### PR with Payload

> <https://github.com/BalancerMaxis/multisig-ops/pull/2054>
>
> \- \[Proposal\](https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-g…auge-on-balancer-v3-ethereum/6520)

## Summary

Proposal to add gauge support for the new **USDf/aGHO** Composable Stable pool on Balancer v3 for Ethereum.

## References/Useful Links

- [Falcon Finance Website](https://falcon.finance/)
- [Falcon Finance Documentation](https://docs.falcon.finance/)
- [Falcon Finance GitHub](https://github.com/falconfinance)
- [Falcon Finance Twitter](https://twitter.com/falconstable)

## Protocol Description

Falcon Finance is a next-generation synthetic dollar protocol that enables users to mint USDf, an overcollateralized synthetic dollar, by depositing a diverse set of collateral assets, including stablecoins like USDC, USDT, DAI, and volatile assets such as ETH, BTC and some more exotic ones. The protocol employs a dual-token system comprising USDf and sUSDf, where USDf serves as the foundational unit of account, and sUSDf is a yield-bearing token obtained by staking USDf.

USDf maintains its peg through a combination of delta-neutral trading strategies and cross-market arbitrage opportunities, ensuring stability even during market turbulence. The protocol supports multiple minting mechanisms, including Classic Mint and Innovative Mint, catering to various user risk profiles and strategies.

Falcon Finance operates with a focus on sustainable yield generation, making it a robust solution for users seeking stable, on-chain liquidity without relinquishing exposure to their underlying assets.

For more details, see the [Falcon Finance Documentation](https://docs.falcon.finance/).

## Motivation

Transitioning to a Balancer v3 Aave Boosted pool for USDf/aGHO will significantly enhance capital efficiency and yield opportunities for liquidity providers. The integration of aGHO, which earns native yield from Aave, reduces the overall incentive cost and provides additional yield streams.

The new **USDf/aGHO** pool will serve as the primary liquidity venue for USDf on Balancer, facilitating seamless integrations with DeFi protocols that utilize aGHO. The higher amplification factor in the Composable Stable pool is expected to improve liquidity depth and trading efficiency, benefiting users interacting with Aave-based strategies.

A gauge is essential to bootstrap TVL, encourage liquidity depth, and support broader DeFi integrations for USDf, solidifying its role within the synthetic dollar ecosystem.

## Specifications

### 1. Governance

Falcon Finance’s governance framework is designed to ensure transparency and community involvement. While TGE has not happened yet, the core team is shipping fast and efficiently at the moment and will update the governance framework when the token is live.

### 2. Oracles

USDf has its own [Chainlink data feed](https://data.chain.link/feeds/ethereum/mainnet/usdf-usd) and has permissioned mint and redemption processes to protect the peg.

### 3. Audits

Falcon Finance’s smart contracts have undergone multiple audits to ensure security and reliability. Audit reports are available in the [Falcon Finance Documentation](https://docs.falcon.finance/).

### 4. Centralization Vectors

Falcon Finance is designed to minimize centralization risks.

### 5. Market History

As a new Balancer v3 pool, the USDf/aGHO pair aims to establish itself as a significant liquidity venue for USDf. The integration with Aave’s aGHO token is expected to enhance liquidity and efficiency.

### 6. Value

The **USDf/aGHO** pool will become the primary liquidity hub for USDf, facilitating seamless integrations with lending protocols. Establishing deep liquidity in this pool is critical for efficient swaps and expanding USDf’s utility across the Ethereum ecosystem.

## Specification

### Enable Gauges

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

- Pool address: `0x6c5972311191097D002E804A9Bf97C96C54059ed`
- Gauge(address): `0x52d28dff7759ca78978954ebabf87481bd5cf8f0`
- GaugeType(string): `Ethereum`

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<div class="post-metadata">

**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\
**Post date:** [May 21, 2025, 3:06pm UTC](https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-gauge-on-balancer-v3-ethereum/6520/2 "2025-05-21T15:06:40Z")

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Edit Maxis:

- assign BIP ID
- add payload

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<div class="post-metadata">

**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\
**Post date:** [May 22, 2025, 7:40am UTC](https://forum.balancer.fi/t/bip-834-enable-aave-boosted-usdf-agho-gauge-on-balancer-v3-ethereum/6520/3 "2025-05-22T07:40:53Z")

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[https://snapshot.box/#/s:balancer.eth/proposal/0xf4fc7f618d08635acfad582ae4286e9efd8a061f0542f1c9960eb72cb159b7c6](https://snapshot.box/#/s:balancer.eth/proposal/0xf4fc7f618d08635acfad582ae4286e9efd8a061f0542f1c9960eb72cb159b7c6)
