[BIP-XXX] Enable GYD/USDC E-CLP gauge [Arbitrum]

BAL Gauges
1

Summary

This is a proposal to enable an uncapped Balancer gauge on Arbitrum for a GYD/USDC E-CLP.

References/Useful links

Links

Protocol Description

  • GYD is a USD denominated stablecoin, issued by Gyroscope.
  • USDC is a USD denomianted stablecoin, issued by Circle.

Motivation

Gyroscope is launching further strategic GYD pools on Arbitrum.

Specification

  1. Governance: The Gyroscope Protocol will be governed by a DAO and relevant stakeholder with the full launch on Ethereum. For now, the FTL Labs multi-sig can pause the pool, change the swap fee and set the protocol fee. As a custom pool by Gyroscope, the E-CLP will be controlled by Gyroscope governance upon its launch.
  2. Oracles:
  • ‘rateProvider0’: 0x00
  • ‘rateProvider1’: 0x00
  1. Audits: Audit reports by Nethermind, Trail of Bits, and Runtime Verification can be accessed here (the E-CLP is called the “CEMM” in these reports). In addition, the E-CLP code has been live in production since November 2022.
  2. Centralization vectors: No centralization vectors. The FTL Labs team’s multi-sig can - currently - pause the pool, change the swap fee and set the protocol fee.
  3. Market History: LST and wrapper pools.
  4. Value: This pool is intended to better connect between in-demand like-to-like assets.

Contracts

Specification

Transaction: The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0xB24453FfbE749DdbD8C7b1fa184DB8724cfBe20a and call the addGauge function with the following arguments:

addGauge function call
gauge(address): 0xB24453FfbE749DdbD8C7b1fa184DB8724cfBe20a
gaugeType(string): Arbitrum