# \[RETRACTED\] Enable GYD/USDC E-CLP gauge \[Arbitrum\]

**URL:** <https://forum.balancer.fi/t/retracted-enable-gyd-usdc-e-clp-gauge-arbitrum/6232>\
**Category:** BAL Gauges\
**Created:** [December 13, 2024, 8:01am UTC](https://forum.balancer.fi/t/retracted-enable-gyd-usdc-e-clp-gauge-arbitrum/6232 "2024-12-13T08:01:01Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![jooooo5as](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@jooooo5as](https://forum.balancer.fi/u/jooooo5as)\
**Post date:** [December 13, 2024, 8:01am UTC](https://forum.balancer.fi/t/retracted-enable-gyd-usdc-e-clp-gauge-arbitrum/6232/1 "2024-12-13T08:01:01Z")

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**Summary**

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

**References/Useful links**

> Links
> 
> - [Documentation of E-CLPs](https://docs.gyro.finance/gyroscope-protocol/concentrated-liquidity-pools/e-clps)
> - [Website](https://gyro.finance/)
> - [Github](https://github.com/gyrostable)
> - [Discord](https://discord.com/invite/2vnqnS7wE6)
> - [X](https://twitter.com/GyroStable)

**Protocol Description**

> - GYD is a USD denominated stablecoin, issued by [Gyroscope](https://www.gyro.finance/).
> - USDC is a USD denomianted stablecoin, issued by [Circle](https://www.circle.com/usdc).

**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

> - E-CLP: [0x1e713B6b93fc31e8F59de1f757043964d9dDC5Fa](https://arbiscan.io/address/0x1e713B6b93fc31e8F59de1f757043964d9dDC5Fa)
> - L1 Root Gauge: [0xB24453FfbE749DdbD8C7b1fa184DB8724cfBe20a](https://etherscan.io/address/0xB24453FfbE749DdbD8C7b1fa184DB8724cfBe20a)
> - L2 Child Gauge: [0x571257922a187908052B80BFd4F771b2d3b1F801](https://arbiscan.io/address/0x571257922a187908052B80BFd4F771b2d3b1F801)

#### 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`