# \[BIP-899\] Gauge proposal for msUSD/USDC & msUSD/msY **URL:** \ **Category:** BAL Gauges\ **Created:** [December 22, 2025, 6:38pm UTC](https://forum.balancer.fi/t/bip-899-gauge-proposal-for-msusd-usdc-msusd-msy/6908 "2025-12-22T18:38:22Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![mainstreet](https://avatars.discourse-cdn.com/v4/letter/m/f14d63/32.png) [@mainstreet](https://forum.balancer.fi/u/mainstreet)\ **Post date:** [December 22, 2025, 6:38pm UTC](https://forum.balancer.fi/t/bip-899-gauge-proposal-for-msusd-usdc-msusd-msy/6908/1 "2025-12-22T18:38:22Z")
## PR with Payloads > > > \- \[Proposal\](https://forum.balancer.fi/t/bip-xxx-gauge-proposal-for-msusd-usdc-m…susd-msy/6908) > \- pool details with caps in proposal description Gauge Proposal Template: **Summary:** > This is a proposal to enable **two gauges** on **Ethereum** , for the following Main Street pools: > > 1. **msUSD/USDC** > > - Pool: **0x111ce2a60c30f6058a57d0dbae1a39a42d998826** > > - Gauge: **0xcf72a84edaae931385e84fb4c2edee07a32822a6** > > - Gauge creation tx: [https://etherscan.io/tx/0xc0f30fff080311ce83c222dcff92860bd1cf640469a400687c5f8dbfb37610b7](https://etherscan.io/tx/0xc0f30fff080311ce83c222dcff92860bd1cf640469a400687c5f8dbfb37610b7?utm_source=chatgpt.com) > > - Relative weight cap at creation: **2%** > > 1. **msUSD/msY** > > - Pool: **0x9054ae85300c7d3a325714fc2f1454d0b7c73a12** > > - Gauge: **0x42d9ee7049f5dc573fe08330a3597af17437ebb6** > > - Gauge creation tx: [https://etherscan.io/tx/0xad4f44a1a1b3f6451ffa9bc318b6841042f3b887811dd53ca185142ea08f7bae](https://etherscan.io/tx/0xad4f44a1a1b3f6451ffa9bc318b6841042f3b887811dd53ca185142ea08f7bae?utm_source=chatgpt.com) > > - Relative weight cap at creation: **2%References/Useful links:** > Link to: > Website: [https://www.mainstreet.finance/](https://www.mainstreet.finance/?utm_source=chatgpt.com) > Documentation: [https://mainstreet-finance.gitbook.io/mainstreet.finance](https://mainstreet-finance.gitbook.io/mainstreet.finance?utm_source=chatgpt.com) > GitHub: [https://github.com/Mainstreet-Labs](https://github.com/Mainstreet-Labs?utm_source=chatgpt.com) > Communities: X: [https://x.com/Main\_St\_Finance](https://x.com/Main_St_Finance?utm_source=chatgpt.com) > Discord: [https://discord.gg/CNreNaB78r](https://discord.gg/CNreNaB78r) > WatchPug Security Audit 1: [https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-1](https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-1?utm_source=chatgpt.com) > WatchPug Security Audit 2: [https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-2](https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-2?utm_source=chatgpt.com) **Protocol Description:** > Main Street delivers institutional-grade delta-neutral yield strategies through a multi-token system. > > - **msUSD** is always redeemable 1:1 for USDC and is intended to function as a soft-pegged USD asset. > > - Users can also stake into **msY** (the strategy token), with the strategy described as generating yield through options box spreads. > > - **USDC** is a USD stablecoin issued by Circle and is widely used as a base stable liquidity asset across DeFi. **Motivation:** > The msUSD/USDC and msUSD/msY pools are intended to become primary Balancer liquidity venues for Main Street tokens on Ethereum: > > Enabling BAL emissions for these gauges would: > > - Bootstrap deeper liquidity for msUSD against USDC (tighter spreads / lower slippage for core conversions) > > - Improve routing and execution for msUSD conversions for users and integrators > > - Support msUSD stability mechanisms by strengthening access to USDC liquidity > > - Provide a strong onchain venue for msUSD ↔ msY swaps (supporting staking/unstaking flows and price discovery) > > - Increase stable/low-vol swap volume and fee generation for Balancer LPs as adoption grows **Specifications:** - Main Street’s key admin/custody addresses are multisigs (per documentation). - Admin / multisig addresses (Ethereum): - Core contracts (Ethereum): - Planned changes to governance: none announced in the linked documentation at this time. **Oracles:** - USDC oracle (Ethereum): **0x098e47096856eb292D8B2D379b74E987E23CD2Af** **Audits:** - WatchPug Security Audit 1 (Mainstreet v2 smart contract system): [https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-1](https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-1?utm_source=chatgpt.com) - WatchPug Security Audit 2 (StakedmsUSD & msYBridger): [https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-2](https://mainstreet-finance.gitbook.io/mainstreet.finance/audits/watchpug-security-audit-2?utm_source=chatgpt.com) **Centralization Vectors:** - Compliance architecture includes KYC verification and whitelisted access to mint/redeem functionality. - Protocol administration and custody operations are controlled by multisigs (addresses listed above). - Redemptions are managed through a controlled process with parameters that may be modified during exceptional market conditions. **Market History:** - msUSD is redeemable 1:1 for USDC and is intended to be a soft-pegged USD asset. - Minting / redemption notes: - Pool-specific details: ---
**Author:** ![maxyz.xyz](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/maxyz.xyz/32/3806_2.png) [@maxyz.xyz](https://forum.balancer.fi/u/maxyz.xyz)\ **Post date:** [January 7, 2026, 10:25am UTC](https://forum.balancer.fi/t/bip-899-gauge-proposal-for-msusd-usdc-msusd-msy/6908/2 "2026-01-07T10:25:10Z")
Edit by MAXYZ: - assign BIP ID - add PR with gauge add payloads ---
**Author:** ![maxyz.xyz](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/maxyz.xyz/32/3806_2.png) [@maxyz.xyz](https://forum.balancer.fi/u/maxyz.xyz)\ **Post date:** [January 8, 2026, 2:39pm UTC](https://forum.balancer.fi/t/bip-899-gauge-proposal-for-msusd-usdc-msusd-msy/6908/3 "2026-01-08T14:39:52Z")
[https://snapshot.org/#/s:balancer.eth/proposal/0x006de861d17e4ad2d9503e80d5e539686d0902eeb16c34c976414f5052967b2b](https://snapshot.org/#/s:balancer.eth/proposal/0x006de861d17e4ad2d9503e80d5e539686d0902eeb16c34c976414f5052967b2b)