Summary:
This pool uses the new weighted pool factory and will also be utilizing the new composable stable pool form of bb-a-usd pool to pair with rETH. This means yield earned by the both halves of the pool will only be taken by the protocol in one iteration. Due to the nature of the assets, this gauge would automatically gain “core pool” status under BIP-19, meaning protocol fees earned by this pool would be used to bribe for votes on it.
References/Useful links:
Link to:
• Website
• Documentation
• Github Page
• Communities
Protocol Description:
rETH is liquid staked ETH from rocket pools Beacon chain staking mechanism. bb-a-usd is Balancer’s AAVE boosted stable token pool token.
Motivation:
Balancer in the short term is strategically position itself as gaining control and market share of the yield bearing asset market through the use of our various pool types. This use case will not only put two yield bearing assets to work but pair greatly in terms of liquidity path for the underlying stable tokens along with rETH. The yield bearing aspects benefit LPs and the the protocol overall, while permitting a healthy and low friction trade route for aggregators and direct traders to tap in to.
Specifications:
- Governance: Find more information about governance and Rocket Pools’ DAO from this medium article.
- Oracles: This pool will rely on a rate provider which has been in use for the rETH/ETH pool for some time. You can see it here.
- Audits: See here.
- Centralization vectors: Rocket Pool is a protocol for decentralized and trustless ETH2 staking.
- Market History: See here
- Value: Balancer will earn the protocol fee on rETH and bb-a-usd yield. This configuration is beneficial to all parties involved in market making as noted in the Motivation section.
Link to pool: 0x334C96d792e4b26B841d28f53235281cec1be1F2
Link to gauge: 0xF60B8DAF6825c9fBE5eC073D623B9d47cDa592E8