PR with Payload
Summary:
This proposal aims to activate a 2% capped gauge for an 80% D2D / 20% rETH pool on the Arbitrum Network. PrimeDAO is collaborating with Protofire to become the first project to launch on the veLaunchpad. Ahead of a veD2D launch and new product iterations around the veLaunchpad, PrimeDAO wants to move a significant share of its liquidity to an 80% D2D / 20 % rETH pool on Aribtrum. Moving away from USDC as the primary counter-asset of the D2D tokens - will better tie Prime’s success to the industry’s success and, by having a YBA involved, also generate more value for LPs and Balancer alike.
References/Useful links:
Website: https://www.prime.xyz/
Github Page: PrimeDAO · GitHub
Forum: https://forum.prime.xyz/
Protocol Description:
PrimeDAO is a DAO-builder collective building tools for DAO to DAO coordination. PrimeDAO has launched multiple products and spin-offs, including Prime Rating, Prime Launch (including a Balancer LBP launcher), Prime Deals, SupremeDAO, and Inverter Network.
Motivation:
This pool is an important step towards launching veD2D on top of the veLaunchpad created by Protofire by starting to move liquidity from the current main pool (D2D/USDC on Mainnet) to this new D2D/rETH pool on Arbitrum. The Prime and Protofire teams are collaborating on having PrimeDAO as the first project to launch on the solution. Launching a rETH pool on Arbitrum helps PrimeDAO position for the next cycle by moving away from USDC as the primary counter-asset. Prime is building new products to live around the veLaunchpad to create value for ve8020 projects.
Specifications:
1. Governance: PrimeDAO is governed by holders of D2D and pooled D2D, through Snapshot Votes and Forum Proposals.
2. Oracles: None, we use Coingecko.
3. Audits: The Prime Launch and Prime Deals dApp are audited.
4. Centralization Vectors: Treasury functions are controlled by Prime Governance. Contracts are non-upgradable.
5. Market History: D2D has generated over $70,000 in Trading Fees on Balancer since its LBP launch in Q4 2021. Currently, D2D has a total depth of about ~250k on Balancer.Gauge address: 0x2D02Bf5EA195dc09854E18E7d2857A16bF376963
Specification:
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): 0x2D02Bf5EA195dc09854E18E7d2857A16bF376963 which corresponds to the 2% capped gauge for this pool
gaugeType(string): Arbitrum