Karpatkey Delegate Thread

Delegate Citadel
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Voting Actions 2024 - April 22nd – April 26th

Proposal: [BIP-592] Exit and Withdraw from BAL/AURA/ARB Pool [Arbitrum]
Vote: Yes, let’s do it
Reasoning: We supported the original proposal, and this is the execution of it.

Proposal: [BIP-593] Enable gauge for WETH/wstETH on [Polygon zkEVM]
Vote: Yes, let’s do it
Reasoning: We support CL pools as they make Balancer more suitable for swapping routes from aggregators, increasing the volume and fees on the platform.

Proposal: [BIP-594] Enable Gauges for jitoSOL/SOL and jitoSOL/wstETH on Arbitrum
Vote: Yes, let’s do it
Reasoning: Jito is the leading liquid staking platform on Solana, and having Balancer as its main liquidity pool on Arbitrum will drive trading volume and protocol fees on that chain. Jito is looking to expand to EVM chains, and having this partnership with us positions Balancer as a preferred venue for further initiatives.

Proposal: [BIP-595] Enable Gauge for sDAI / aUSDC pool on Optimism
Vote: Yes, let’s do it
Reasoning: We support this proposal. Having Balancer and Gyroscope as the primary liquidity sources for sDAI creates a closer relationship with Spark. On top of that, yield-bearing assets have the potential to increase the DAO’s revenue.

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Voting Actions 2024 - April 29th – May 3rd

Proposal: [BIP-596] Enable weETH/WETH Gauge [BASE]
Vote: Yes, let’s do it
Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. It increases the protocol fees and generates trading volume for the platform.

Proposal: [BIP-597] Claim Wormhole (W) tokens
Vote: Yes, let’s do it
Reasoning: Proposal to execute the transactions to claim the tokens.

Proposal: [BIP-598] Claim Extra Safe Airdrop
Vote: Yes, let’s do it
Reasoning: Proposal to execute the transactions to claim the tokens.

Proposal: [BIP-599] Enable Gauge for PAR/EURA pool with a 2% cap (Ethereum)
Vote: Yes, let’s do it
Reasoning: We support this proposal to enable a Gauge for PAR/EURA pool with a 2% cap (Ethereum). Parallel Protocol intends to use this tool to increase the stability of PAR and the on-chain liquidity of both PAR and EURA (EURO-related stablecoins).

Proposal: [BIP-600] Enable Gauge for paUSD/GYD Pool with a 2% cap (Ethereum)
Vote: Yes, let’s do it
Reasoning: We support this proposal. Parallel Protocol intends to use this tool to increase the stability of paUSD and the on-chain liquidity of both paUSD and GYD.

Proposal: [BIP-601] Enable Gauge for paUSD/stataPolUSDCn Pool with a 2% cap (Polygon PoS)
Vote: Yes, let’s do it
Reasoning: We support this proposal as it introduces another liquidity source for paUSD and Balancer can benefit from the trading fees.

Proposal: [BIP-602] Enable Gauge for PAR/EURe Pool with a 2% cap (Polygon PoS)
Vote: Yes, let’s do it
Reasoning: We support this proposal to enable a Gauge for PAR/EURe pool with a 2% cap (Polygon PoS). Parallel Protocol intends to use this tool to increase the stability of PAR and the on-chain liquidity of both PAR and EURe (EURO-related stablecoins), and this pool has the possibility of generating trading volume and fees for Balancer.

Proposal: [BIP-603] Enable Gauge for PAR/EUROe Pool with a 2% cap (Polygon PoS)
Vote: Yes, let’s do it
Reasoning: We support this proposal to enable a Gauge for PAR/EUROe pool with a 2% cap (Polygon PoS). Parallel Protocol intends to use this tool to increase the stability of PAR and the on-chain liquidity of both PAR and EUROe (EURO-related stablecoins), and this pool has the possibility of generating trading volume and fees for Balancer.

Proposal: [BIP-604] Enable Gauge for sDAI / aUSDC pools on Base
Vote: Yes, let’s do it
Reasoning: We support this proposal. Having Balancer and Gyroscope as the primary liquidity sources for sDAI creates a closer relationship with Spark. On top of that, yield-bearing assets have the potential to increase the DAO’s revenue.

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Voting Actions - May 6th - 10th

Proposal: [BIP-605] Enable Gauge for inankrETH/ankrETH [Ethereum]
Vote: Yes, let’s do it
Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. It increases the protocol fees and generates trading volume for the platform.

Proposal: [BIP-606] Enable wOETH/WETH Gyro Gauge w/2% cap [Arbitrum]
Vote: Yes, let’s do it
Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. It increases the protocol fees and generates trading volume for the platform. Origin Protocol will incentivise the pool with part od its ARB LTIPP grant.

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Voting Actions - May 13th - 17th

Proposal: [BIP-607] Update FTM Multisig to Claim vested BEETS
Vote: Yes, let’s do it
Reasoning: We support the transfer to the Maxis multisig.

Proposal: [BIP-608] Deploy Balancer on Fraxtal
Vote: Yes, let’s do it
Reasoning: Frax has been a great partner of Balancer, and we support the deployment of a Balancer instance on Fraxtal.

Proposal: [BIP-609] Enable Gauge for wrsETH/WETH [Optimism]
Vote: Yes, let’s do it
Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer, and Kelp is one of the largest LRT protocols. This pool can increase the protocol fees and generate trading volume for the platform.

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Voting Actions - May 20th - 24th

Proposal: [BIP-610] Enable ETHx / wstETH Gauge [Arbitrum]
Vote: Yes, let’s do it
Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-611] Delegate BalancerDAO ARB to karpatkey
Vote: Abstain
Reasoning: We are the author of this proposal.

Proposal: [BIP-612] Funding for Live Event Participation
Vote: Yes, let’s do it
Reasoning: We support this proposal, as Live Events are great opportunities to deepen our relationship with relevant actors and builders, and are especially important as we are in the final steps to release v3.

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Voting Actions - May 27th - 31st

Proposal: [BIP-613] Wire up permissions and initial configuration for Mode and Fraxtal chains
Vote: Yes, let’s do it
Reasoning: We support this BIP, which adds permissions to the Balancer Multisigs to enable the protocol to operate on Fraxtal and Mode.

Proposal: [BIP-614] Enable ZRS/ETH gauge [Ethereum]
Vote: Yes, let’s do it
Reasoning: Zaros is a protocol that connects Liquid Re(Staking) Tokens (LSTs & LRTs) with Perpetual Futures, and ZRS is their native token. Zaros will make this the primary liquidity pool and will incentivise voting through Aura.

Proposal: [BIP-615] Enable gauge for USDC/GYD & USDT/GYD [zkEVM]
Vote: Yes, let’s do it
Reasoning: We support the GYD expansion to zkEVM, as it will add more liquidity on Balancer on that chain.

Proposal: [BIP-616] Enable gauge for sDAI/aUSDC Rehype pool [Gnosis]
Vote: Yes, let’s do it
Reasoning: We support the Gyroscope expansion to Gnosis Chain, as it will add more liquidity on Balancer on that chain.

Proposal: [BIP-617] Request for BAL to reward UI beta testers
Vote: Yes, let’s do it
Reasoning: Now that we are closer to v3 launch, it is important to test it, and it is fair to reward the users that are doing all those tests.

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Voting Actions - June 3rd-7th

Proposal: [BIP-618] Enable D2D/GYD 80/20 Gauge [Arbitrum]
Vote: Yes, let’s do it
Reasoning: We support this gauge creation, as D2D focuses on bringing liquidity to ARB to increase the volume, which has the potential to generate more fees for BalancerDAO.

Proposal: [BIP-619] Enable Gauge for sUSDe/wstETH [Ethereum]
Vote: Yes, let’s do it
Reasoning: We support this proposal, as it makes it easier for users to trade between wstETH and sUSDe. These assets have massive trading activity, and it would be great for Balancer to capture part of it.

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Voting Actions - June 10th -14th

Proposal: [BIP-620] Enable gauge for wstETH/WETH E-CLP [Gnosis]

Vote: Yes, Let’s do it

Reasoning: We support this proposal, which is part of the Gyroscope’s expansion to the Gnosis Chain. Having an E-CLP pool there will help drive more volume to Balancer.

Proposal: [BIP-621] Lock SAFE balance

Vote: Yes, Let’s do it

Reasoning: We support locking SAFE as part of their points program, as it may generate revenue for the BalancerDAO with an asset that otherwise would be sitting idle in the treasury.

Proposal: [BIP-622] Enable Gauge for saETH/wstETH pool on Mainnet

Vote: Yes, Let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-623] Enable gauge for weETH / wstETH E-CLP (Arbitrum)

Vote: Yes, Let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-624] Enable rsETH / WETH Gauge (Arbitrum)

Vote: Yes, Let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-625] Enable gauge for WETH/rETH on [Gnosis]

Vote: Yes, Let’s do it

Reasoning: We support this proposal, which is part of the Gyroscope’s expansion to the Gnosis Chain. Having an E-CLP pool there will help drive more volume to Balancer.

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Voting Actions - June 17th -21st

Proposal: [BIP-626] Enable Gauges for 4 Heroglyphs Genesis Tokens

Vote: Yes, let’s do it

Reasoning: We support enabling the gauges for those pools, as they have the potential of driving volume and fees to Balancer.

Proposal: [BIP-627] Enable syrupUSDC / sDAI Gauge (Ethereum)

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of gauges for tokens that capture yield generation. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-628] Balancer & Cow Protocol Strategic Partnership – Launching CoWAMM Pools

Vote: Abstain

Reasoning: We are one of the authors of this proposal.

Proposal: [BIP-629] Balancer DAO Service Provider & Grantee Standards

Vote: Yes, let’s do it

Reasoning: We support this update of the SP standards and the addition of the section for the grantees.

Proposal: [BIP-630] Fund Balancer Maxis for Q3 2024

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-631] Fund Beethoven X DAO - Technical for July - December

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-632] Fund Beethoven X DAO - Marketing for July - December 2024

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-633] Fund Balancer Grants Q3 2024

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-634] Funding Balancer OpCo - Admin & Ops - Year 3

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-635] Business Development SP Proposal for Q3 2024

Vote: Yes, let’s do it

Reasoning: Reasoning posted here

Proposal: [BIP-636] Enable Gauge for WAR/WETH on mainnet

Vote: Yes, let’s do it

Reasoning: We support this proposal. Paladin is a valuable partner of our ecosystem and the pool will be incentivized by them.

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Voting Actions - June 24th -28th

Proposal: [BIP-637] Wire Up Fraxtal Gauges and Cross Chain Boost

Vote: Yes, let’s do it

Reasoning: We support this proposal. It is a set of operational steps to make the Fraxtal deployment fully functional.

Proposal: [BIP-638] Claim and Relock Balancer DAO’s Additional AURA/vlAURA

Vote: Yes, let’s do it

Reasoning: We support relocking BalancerDAO’s Aura tokens for the next 16 weeks. That will give us voting power to direct emissions, boosting our BD efforts.

Proposal: [BIP-639] Enable Gauge for weETH/wstETH on Optimism

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-640] Enable USDC.e/USDT/sDAI gauge [Gnosis]

Vote: Yes, let’s do it

Reasoning: We support this proposal. This gauge will replace the older USDC one and further the adoption of a compliant USDC token on the Gnosis Chain, which is crucial for enhancing its DeFi ecosystem.

Proposal: [BIP-641] Enable wstETH/WETH E-CLP gauge [Arbitrum]

Vote: Yes, let’s do it

Reasoning: We support this proposal. Gyroscope is further expanding on Arbitrum, and this pool is replacing a previously deployed E-CLP for the same assets. It is calibrated to have a better-fitting liquidity shape.

Proposal: [BIP-642] Enable GYD/aUSDC and GYD/aUSDT Rehype gauges [Arbitrum]

Vote: Yes, let’s do it

Reasoning: We support this proposal, as Gyroscope want to have the option of participating in the voting incentives market.

Proposal: [BIP-643] Enable Gauges for BAO/baoUSD-LUSD 80/20 and BAO/baoETH-ETH 80/20 w 2% cap [Ethereum]

Vote: Yes, let’s do it

Reasoning: We support this proposal. The project is changing the current pools to 80/20 ones, and will incentivize them in the voting incentives platforms.

Proposal: [BIP-644] Enable Gauge for amphrETH/rstETH/Re7LRT/steakLRT/wstETH (Ethereum)

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-645] Enable Gauge for inETH/wstETH [Arbitrum]

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-646] Enable Gauge for instETH/wstETH [Arbitrum]

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-647] Supporting the DUCATA Initiative

Vote: Yes, let’s do it

Reasoning: We support this proposal. It is a new revenue source for Balancer and has the potential to showcase our technology for future similar arrangements.

Proposal: [BIP-648] Balancer DAO Financial Reporting by karpatkey

Vote: Abstain

Reasoning: We are the authors of this proposal.

Proposal: [BIP-649] Enable TXAU:USDC; TXAG:USDC; TXAU:TXAG:WETH Gauges with 2% emissions cap [Polygon]

Vote: Yes, let’s do it

Reasoning: We support this proposal. Aurus protocol intends to use these pools as the primary liquidity source for their tokens, which can drive a significant trading volume and fees for Balancer.

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Voting Actions - July 1st - 5th

Proposal: [BIP-650] Enable GHO Gauges on Arbitrum

Vote: Yes, let’s do it

Reasoning: We support the addition of these gauges. GHO and Aave are great partners of the Balancer Ecosystem, and those pools have the potential to generate significant trading volume.

Proposal: [BIP-651] Authorize Mimic Smart Vaults v3 on Optimism

Vote: Yes, let’s do it

Reasoning: We support the automatization of processes as a general rule. Mimic vaults make the operational side of streaming the fees a lot easier.

Proposal: [BIP-652] Update Addresses for Emergency subDAO Multisig

Vote: Yes, let’s do it

Reasoning: We support the changes to the multisig composition, and thank the departing members for their work.

Proposal: [BIP-653] Build a payload for Paladin’s bribe to liquidity mining

Vote: Yes, let’s do it

Reasoning: We support this proposal, as it adds more flexibility to the voting incentives market.

Proposal: [BIP-654] Enable Gauges for baoETH-wstETH, baoETH-rETH, baoUSD-sUSDe, baoUSD-sDAI w 2% cap [Ethereum]

Vote: Yes, let’s do it

Reasoning: Bao has made Balancer their primary source of liquidity and is creating new liquidity pools with their most liquid yield-bearing assets. They will incentivize the pools.

Proposal: [BIP-655] Enable Initial Fraxtal Gauges

Vote: Yes, let’s do it

Reasoning: This is the initial setup for our deployment on Fraxtal, and we support this proposal. The pools on it have the potential to generate trading volume and fees for the protocol.

Proposal: [BIP-656] Enable gUSDC-USDC gauges [Arbitrum]

Vote: Yes, let’s do it

Reasoning: Gains Network will utilize a part of its STIP.B LP incentives budget to bootstrap more (sticky) liquidity for the gUSDC vault. Gains Network is seeking to co-incentivize this pool with Balancer to establish the required liquidity as a foundation for said gUSDC integrations and consecutively form a long-term partnership with Balancer.

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Voting Actions - July 8th - 12th

Proposal: [BIP-657] Enable APW-ETH Gauge with 2% Cap [Ethereum]

Vote: Yes, let’s do it

Reasoning: We support this proposal, as this pool will be the main liquidity source for APW, with the potential to bring trading volume to the protocol

Proposal: [BIP-658] Ecosystem-Council review and self-insurance cover

Vote: Yes, let’s do it

Reasoning: We support this update on the Ecosystem Council and self-insurance policy.

Proposal: [BIP-659] Enable Gauge for [rsETH/WETH on Ethereum Mainnet]

Vote: Yes, let’s do it

Reasoning: As a general rule, we support the addition of LST/LRTs gauges on Balancer. This pool can increase the protocol fees and generate trading volume for the platform.

Proposal: [BIP-660] Revise LayerZero Fraxtal Wire Up

Vote: Yes, let’s do it

Reasoning: We support this update on the parameters for the Fraxtal deployment.

Proposal: [BIP-661] Enable Gauge for TRUF/LINK [Ethereum]

Vote: Yes, let’s do it

Reasoning: We support this proposal, as this pool will be the only liquidity source for the TRUF/LINK pair, which can bring trading volume to Balancer, and the protocol is willing to incentivise the pool in the voting markets.

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Voting Actions - July 15th - 19th

Proposal: [BIP-662] Enable Gauge for ShezETH/wstETH [Ethereum]

Vote: Yes, let’s do it

Reasoning: The protocol will incentivise voting to this gauge and is looking forward to making it the primary liquidity source for its token.

Proposal: [BIP-663] Enable wUSDM/GYD E-CLP gauge [Arbitrum]

Vote: Yes, let’s do it

Reasoning: We support Gyroscope expansion to Arbitrum, and this pool where GYD is paired to USDM. The protocol is bootstrapping liquidity on that chain, and it is one of the initial steps in this strategy. The pool can bring trading volume and fees for Balancer.