Personally, I think we are looking at this the wrong way by highlighting income from trading fees.
Balancer has a responsibility to do what is best for its users and to protect the protocol. Cream has millions in bad debt due to an exploit and is simply using Balancer as exit liquidity without providing value to its users.
Source - https://bad-debt.riskdao.org/
Risk Dao numbers show that CREAM is actually $12M in debt and the users have no incentive to pay them back at any point. The CREAM token price itself shouldn’t be directly affected, but it will eventually fall to zero. This is not the type of protocol that Balancer should want to have a gauge and is a perfect example of a protocol that should be removed.
Users have been pointing out this issue with proof for weeks - https://twitter.com/0xGeeGee/status/1534589782113890305?s=20&t=f4T2Szkwtlo28ukl6z4d_w
At this point, Balancer is being used as exit liquidity for vesting CREAM tokens. I’d recommend pulling the gauge to reduce Balancer exposure to an underwater project, protect BAL users from a bad investment, and set a higher standard for gauges in general.
SCS