StableNode Delegate Thread

Delegate Citadel
21

[BIP-71] Enable wstETH/weth Gauge [Arbitrum]

Vote: Yes

Rationale: We need to establish Balancer as a primary place for wstETH liquidity on Arbitrum.

[BIP-72] Enable wstETH/USDC Gauge [Arbitrum]

Vote: Yes

Rationale: Same as above, both strong pairs that we should enable on Arbritrum.

[BIP-73] Whitelist the gauge for the USDD/FRAX/USDC Pool to receive BAL emissions

Vote: No

Rationale: Not a fan of using USDD or Tron in general. AFAIK USDD follows a similar mechanic to UST and should avoid enabling this.

[BIP-74] Fund the Balancer Maxis for Q4 2022

Vote: Yes

Rationale: They are an essential team to Balancer and provide immense value. No brainer here.

[BIP-75] Orb Marketing Budget Proposal for Q4

Vote: Yes

Rationale: Orb has done amazing work in the past quarter, and with their reduced budget, this is an easy yes.

[BIP-76] Balancer Grants Budget Proposal Q4 2022

Vote: Yes

Rationale: Yes. Yes. Yes. They aren’t requesting any funds but to use the funds from the previous quarter since they have enough funds already.

[BIP-77] Friendly Balancer Protocol Fees for Integrators

Vote: Yes

Rationale: This will helpfully clear up a lot of confusion for potential partners. This information should be clearly accessible for partners too.

2 Likes
22

[BIP-78] Delegate Aave Holding to Llama

Vote: YES
Rationale: Llama has performed a significant amount of work within Aave and is well suited to handle Balancers’ best interests over there.

[BIP-79] Enable COMP/wstETH Gauge [Ethereum]

Vote: YES

Rationale: An improvement over the previous pool, since its interest bearing.

[BIP-80] Enable bb-rf-asUSD/bb-rf-aUSD Gauge [Optimism]

Vote: YES

Rationale: The dynamics of this pool are excellent and provide a high upside with the yield-bearing pools + protocols fees.

[BIP-81] Enable wstETH/bb-rf-aUSD/bb-rf-aWBTC 50/25/25 Gauge [Optimism]

Vote: YES

Rationale: Same as BIP-80 - “ The dynamics of this pool are excellent and provide a high upside with the yield-bearing pools + protocols fees.“

[BIP-82] Enable bb-rf-aWETH/wstETH Gauge [Optimism]

Vote: YES

Rationale: Same as BIP-80 - “The dynamics of this pool are excellent and provide a high upside with the yield-bearing pools + protocols fees. “

3 Likes
23

[BIP-83] Enable DOLA/bb-a-USD Gauge [Ethereum]

Vote: Yes
Rationale: Great to see bb-a-USD being used and hope to see this play out well.

1 Like
24

[BIP-84] Revoke Hexagon’s Friendly Fork Status

Vote: Yes

Rationale: Hexagon hasn’t kept up its commitments nor a high quality of work, so in its current state, it should not be considered a partner. We outlined further reasoning here.

[BIP-85] Redeem TRIBE

Vote: Yes

Rationale: USDC is a more valuable asset for our treasury esp with the current expenses. This will help keep the DAO sustainable.

[BIP-86] Enable bb-rf-aUSDC/bb-rf-aUSDT/bb-rf-aDAI Gauge [Optimism]

Vote: Yes

Rationale: Strong attraction for the stables on optimism esp with the boosted yield. We support this.

[BIP-87] Enable rETH/bb-rf-aUSD/rf-grain-OP 50/25/25 Gauge [Optimism]

Vote: Yes

Rationale: Similar to “BIP-86”

[BIP-88] Enable rETH/BEETS/bb-rf-aUSD/bb-rf-grBAL Gauge w/2% emissions cap [Optimism]

Vote: Yes

Rationale: Similar to “BIP-86” + 2 % emission cap due to smaller token mc.

[BIP-89] Enable wstETH/bb-a-usd Gauge [Ethereum]

Vote: Yes

Rationale: Similar to “BIP-86”

[BIP-90] Enable rETH/bb-a-usd Gauge [Ethereum]

Vote: Yes

Rationale: Similar to “BIP-86”

2 Likes
25

[BIP-91] Temporarily Adjust Optimism Fee Split

Vote: YES
Rationale: This will help bootstrap the protocol on Optimism. Especially with all the OP grants flying around, this will help attract users and secure long term revenue.

[BIP-92] Deploy Liquidity Bootstrapping Pools to BNB Chain

Vote: YES
Rationale: Doesn’t require much effort from Bal side but can bring in potential revenue.

[BIP-93] Enable BADGER/rETH 50/50 Gauge [Ethereum] w/10% emissions cap

Vote: Yes
Rationale: With a 10% cap in place, I’m interested to see how this plays out. It follows the outlined framework, but I do want to review this gauge in the following months.

[BIP-94] Enable wstETH/LDO Gauge [Arbitrum]

Vote: YES
Rationale: Strong assets and strengthens our partnership with Lido across other L2 chains.

[BIP-95] Enable wstETH/LDO Gauge [Optimism]

Vote: YES
Rationale: “Same as BIP-94” - Strong assets and strengthens our partnership with Lido across other L2 chains.

2 Likes
26

[BIP-96] Enable palStkAAVE/AAVE 80/20 Gauge w/ 2% emissions cap [Ethereum]

Vote: Yes

Rationale: Paladin has done good work in enabling inactive voting power to be used and with the cap in place, we are happy to support it.

[BIP-97] Enable IB/rETH 50/50 Gauge w/2% emissions cap[Optimism]

Vote: Yes

Rationale: They’ve done well so far, so in favor.

[BIP-98] Fjord (Formerly Copper) and Balancer Exclusive Partnership

Vote: Yes

Rationale: Initially, I was against this, but they are a strong project and this support will help them. $80mm isn’t a crazy number in a bull market so we can see how it plays out.

[BIP-99] Pay DAO Multisig Stipends for H2 ‘22

Vote: Yes

Rationale: hardware wallets=gym. Small comp is more than fair.

[BIP-100] Allocate BAL Liquidity to Silo Finance

Vote: Yes

Rationale: Silo are trying to innovate on top of bal.

[BIP-101] Enable tetuQi/QI Stable Pool Gauge with 2% emissions cap (Polygon)

Vote: Yes

Rationale: Capped at 2% we can support it.

[BIP-102] Enable the THX/stMATIC Gauge on Polygon with 2% cap

Vote: Yes

Rationale: Since they are moving their liquidity from uniswap, it makes sense to support this now.

[BIP-103] Karpatkey Balancer Treasury CU Proposal Update 2

Vote: Yes

Rationale: In favor with this new revised proposal. It’s a more fair and sustainable match.

4 Likes
27

[BIP-103] Karpatkey Balancer Treasury CU Proposal Update [second vote]

Vote: Yes

Rationale: We were happy to support it in the previous proposal, and support it with the amended changes. Find our previous rationale above.

[BIP-104] Enable the STG/bb-rf-aUSDC Gauge [Optimism]

Vote: Yes

Rationale: Stargate is becoming a strong ally of Balancer and we are happy to support it.

[BIP-105] Enable STG/bb-a-USD Gauge [Ethereum]

Vote: Yes

Rationale: Same as “BIP-104” - Stargate is becoming a strong ally of Balancer and we are happy to support it.

[BIP-106] Enable sfrxETH/wstETH/rETH Gauge [Ethereum]

Vote: Yes

Rationale: Strong combination of assets. Lido and Rocketpool are leaders in liquid assets and it’ll be interesting to see sfrxETH joining them.

[BIP-107] Retire TEMPLE/DAI & Enable TEMPLE/bb-a-USD 50/50 Gauge w/10% emissions cap [Ethereum]

Vote: Yes

Rationale: Swapping to a yield-earning asset makes more sense. Glad to see the 10% cap in place.

28

[BIP-108] Enable SD/MaticX 80/20 Gauge with 2% emissions cap (Polygon)

Vote: Yes

Rationale: With a 2% cap in place, happy to support this. Favourable since Balancer is their primary liquidity source too.

[BIP-109] Whitelist Aragon Gnosis Safe for Balancer’s VotingEscrow

Vote: Yes

Rationale: Aragon is a strong team and with their transition to a DAO, it will be interesting to see them get involved in meta-governance.

[BIP-110] Enable T/WETH 80/20 Gauge w/2% emissions cap [Ethereum]

Vote: Yes

Rationale: With a 2% cap in place, happy to support this.

[BIP-111] Index Coop x Balancer DAO Partnership

Vote: Yes

Rationale: Index-coop has a great set of products and aligning ourselves with them is a great step forward. Great to see managed pools being used by Index. We can potentially utilise their meta-governance power in the future.

3 Likes
29

[BIP-112] Adjust Balancer Snapshot for Aura AIP-17

Vote: Yes
Rationale: Makes sense. We can’t allow double votes so this should be a simple fix so they can continue to participate in governance.

1 Like
30

[BIP-113] Adjust Balancer Snapshot for AIP-17

Vote: Yes
Rationale: Similar to BIP-12, it limits voting power from being double counted.

1 Like
31

[BIP-114] Symmetric as the Official Friendly Fork of Balancer on Celo

Vote: Yes

Rationale: After the amendments, we are happy to support them as the official FF on Celo.

[BIP-115] Balancer Smart Vaults Fee Collector

Vote: Yes

Rationale: Reduces the manually work completed by Balancer Maxis. Makes sense to automate this.

[BIP-116] Enable TETU/USDC 80/20 Gauge w/2% emissions cap (Polygon)

Vote: Yes

Rationale: 2% cap is fair given their MC. Happy to support this.

[BIP-117] Holdr Friendly Fork Proposal

Vote: Yes

Rationale: We believe Solace are an excellent team to execute FF, “HODLR” on behalf of Balancer.

[BIP-118] Appointment of director to the Balancer Foundation

Vote: Yes

Rationale: Danko is an important part of Balancer and we believe that he can help elevate Balancer.

[BIP-119] Adding a Gauge for the New qETH/ETH Pool [Ethereum]

Vote: Yes

Rationale: Happy to support this.

[BIP-120] Cleanup Unused Gauges

Vote: Yes

Rationale: Good step to clean up gauges and improve the UI.

[BIP-121] Permission granting - Recovery Mode

Vote: Yes

Rationale: Small and subtle change but very important to prevent faulty pools from interfering.

[BIP-122] Retire OHM/DAI/WETH Gauge & Add OHM-ETH + OHM-DAI Gauges [Ethereum]

Vote: Yes

Rationale: New gauge. Happy to support Olympus, and interested to see it with their new product launch.

[BIP-123] Enable cbETH/wstETH Gauge [Ethereum]

Vote: Yes

Rationale: It is important that we support different types of staked ETH.

[BIP-124] Enable WETH/LUSD/LQTY Gauge [Ethereum] with 10% emission cap

Vote: Yes

Rationale: Happy to support this gauge with 10% cap.

[BIP-125] Enable wstETH/ACX 50/50 Gauge [Ethereum]

Vote: Yes

Rationale: Happy to support these gauges.

[BIP-126] Whitelist Fjord’s Gnosis Safe for Balancer’s VotingEscrow

Vote: Yes

Rationale: We are glad to see them getting involved in governance.

1 Like
32

[BIP-127] Adding a Gauge for the New qETH/ETH Pool w/2% emissions cap [Ethereum]

Vote: Yes
Rationale: Still support this, + with the 2% cap. Refer to BIP-119 for our previous rationale.

[BIP-128] Peace Treaty

Vote: Yes
Rationale: We prefer to see the presented amendments so that the mentioned large stakeholders can now collaborate for the sake of Balancer.

[BIP-129] Swap BAL for USDC using Aave’s Bonding Contract

Vote: Yes
Rationale: It is necessary to extend Balancers runway, and trusting Aave is a risk we can take.

[BIP-130] Kill FDT/WETH Gauge

Vote: Yes
Rationale: They have left and are migrating so it should go.

[BIP-131] Pool/Factory permission granting

Vote: Yes
Rationale: These are trusted parties who need these permissions to carry on their work for Balancer.

[BIP-132] Claim SAFE tokens allocated to the DAO Multisig

Vote: Yes
Rationale: Karpatkey are trusted individuals who can enact on behalf of the DAO

1 Like
33

[BIP - 133] Enable BRZ-jBRL Stable Pool Gauge with a 2% cap (Polygon)

Vote: Yes
Rationale: Fine to enable this with the 2% cap in place. Not a big fan of its association with FTX/Alameda and lows fees but happy to try it out

[BIP - 134] Enable BRZ-jBRL - bb-am-usd 50/50 Pool Gauge with a 2% cap (Polygon)

Vote: Yes
Rationale: Same as BIP-133 - Fine to enable this with the 2% cap in place. Not a big fan of its association with FTX/Alameda and lows fees but happy to try it out

[BIP-135] Grant BLabs authorization to set arbitrum bridging fees

Vote: Yes
Rationale: Seems like an obvious operational necessity to hand over to Blabs.

[BIP-136] Unused Gauges Cleanup - Take 2

Vote: Yes
Rationale: This will help sort out the UI and sort out the gauges that were missed last time.

[BIP-137] Enable bb-a-TUSD / bb-a-USD Gauge [Ethereum]

Vote: Yes
Rationale: Glad to see more boosted pools being added.

[BIP-138] Enable bb-a-FRAX / bb-a-USDC Gauge [Ethereum]

Vote: Yes
Rationale: Glad to see more boosted pools being added.

[BIP-139] Update Emergency subDAO Permissions

Vote: Yes
Rationale: This is for the safety of Balancer.

1 Like
34

[BIP-140] Introduce TimelockAuthorizer

Vote: Yes
Rationale: The intro of the granular permissions & time-lock delay mechanism are important features for the safety of the protocol.

[BIP-141] Introduce VeBoost V2

Vote: Yes
Rationale: A necessary improvement over the original veboost. This will enable more opportunities for veBAL holders.

[BIP-142] Permission Granting - Recovery Mode - ComposableStable-V2

Vote: Yes
Rationale: Operational improvement, so it’s necessary.

1 Like
35

[BIP-143] Save. Earn. Borrow w/BalancerP2P (includes: licensing fees, increased LP activity, new product, more engagement) 1

Vote: No
Rationale: We don’t see the benefit to Balancer with this type of engagement.

[BIP-144] Fund Balancer Grants Q1 2023

Vote: Yes
Rationale: They continue to do great work for the balancer ecosystem.

[BIP-145] Fund the Balancer Maxis for Q1 2023

Vote: Yes
Rationale: Similar to BIP-144, the Maxis do great work and its great to see the addition of tritium to strengthen the team.

[BIP-146] Incentivize 8020 BPT Staking (ve8020)

Vote: Yes
Rationale: This creates a win-win for both Balancer and the partner; we look forward to seeing how this plays out.

36

[BIP-147] Enable RBN / USDC 50/50 Gauge [Ethereum]

Vote: Yes

Rationale: As it’s their main liquidity source with heavy incentives, we see it as a suitable candidate for being a core pool. Even though it is the first non-yield fee pool to join the core pool, this was inevitable.

[BIP-148] Enable DOLA/USDC Stableswap Gauge on Ethereum

Vote: Yes

Rationale: A swap out from bb-a-usd to USDC makes sense given recent events, we support this new gauge.

[BIP-149] Funding Proposal for Silverlight Labs - REVISED

Vote: Yes

Rationale: As the testing phase of a long-term commitment, we look forward to seeing Andy collaborate with Balancer SPs. Would have preferred 5000 BAL broken over milestones but it’s not a big concern.

[BIP-150] Enable wUSDR-USDC Gauge 2% Cap [Polygon]

Vote: Yes

Rationale: Interesting project; happy to support as they are moving their liquidity from Curve to Balancer

[BIP-151] Kill Vulnerable CSP Pool Gauges

Vote: Yes

Rationale: Necessary due to a recent issue with the pools.

[BIP-152] Update Core Pool List

Vote: Yes

Rationale: Until the next migration, we consider this a necessary change.

[BIP-153] Whitelist Risk Labs’ Gnosis Safe for veBAL

Vote: Yes

Rationale: Happy to support this, hopefully see them get involved in governance.

[BIP-154] Enable PAR-jEUR Stable Pool Gauge with a 2% cap (Polygon)

Vote: Yes

Rationale: With a cap in place, we are fine to support this.

[BIP-155] Enable agEUR-jEUR Stable Pool Gauge with a 2% cap (Polygon)

Vote: Yes

Rationale: With a cap in place, we are fine to support this.

[BIP-156] Authorize Migration to GaugeAdder v3

Vote: Yes

Rationale: Necessary migration.

[BIP-157] Migrate cbETH/wstETH Gauge [Ethereum]

Vote: Yes

Rationale: This move helps Balancer over the current gauge.

37

[BIP-159] Activate BAL Emissions for Mainnet EURS:USDC “FX Pool” w/2% emissions cap

Vote: Yes
Rationale: With the rules for custom gauges in place, we are happy to support the activation for these pools.

[BIP-160] Enable SD/USDC (50/50) and SD/WETH (80/20) Gauges with 2% emissions cap (Ethereum)

Vote: Yes
Rationale: Happy to support this with the 2% cap.

[BIP-161] Close Year 2 Funding Gap

Vote: Proposal A
Rationale: We see this as the more sustainable option and would only like to sell BAL for USDC as a last resort.

38

[BIP-162] Karpatkey Investment Strategy

Vote: Yes

Rationale: They provided an in-depth strat and used community feedback to make adjustments. We support the strategy in its current state.

[BIP-163] Restructure Governance Process - Disband Governance Council

Vote: Yes

Rationale: This is a step closer to decentralization and we support this.

[BIP-164] Deposit BAL into Aave Polygon v3

Vote: Yes

Rationale: Utilising idle BAL will generate further income for the DAO.

[BIP-165] Enable ankrETH/ETH Gauge on Ethereum

Vote: Yes

Rationale: It makes sense to support LSDs.

1 Like
39

[BIP-166] Whitelist the gauge for the StaFi rETH/ETH Pool to receive BAL emissions

Vote: Yes
Rationale: Another LSD, we are happy to direct BAL emissions to their pool

[BIP-167] Fast Track Execution of BIP 159 & 160

Vote: Yes
Rationale: This prevents any further delays.

[BIP-168] Enable DOLA/CUSD Gauge on Ethereum

Vote:Yes
Rationale: As it’s stablecoins, we are happy to support this gauge.

[BIP-169] Execute the Transition Migrator

Vote:Yes
Rationale: Necessary change to make.

1 Like
40

[BIP-170] Enable PENDLE-ETH (50/50) Gauge with a 2% cap [Ethereum]

Vote: Yes
Rationale: Pendle has recently been doing a lot to support both Balancer and Aura. There are some good synergies with them.

[BIP-171] Enable frxETH/WETH Gauge on Polygon

Vote: Yes
Rationale: Opening new doors to work with Frax.

[BIP-172] Enable SPHERE/wMATIC Gauge w/ a 2% Emissions Cap (Polygon)

Vote: Yes
Rationale: Since this is a v new project, the cap should be in place.

[BIP-173] Enable TRYB / USDC Gauge with a 2% Emission Cap [Ethereum]

Vote: Yes
Rationale: A bit hesitant here, but as its “stable coin”, happy to see this implemented with a cap.

[BIP-174] Enable wUSDR-USDC Gauge with a 2% Emission Cap [Ethereum]

Vote: Yes
Rationale: Real Estate generally brings in stable yield but its still a risk so with a cap in place, happy to support it.

[BIP-175] Grant permissions for V3 pool factories

Vote: Yes
Rationale: Necessary permission for the migration so yes.

[BIP - 176] Enable SYN/ETH Gauge

Vote: Yes
Rationale: Opening a new door with synapse, happy to see this happening.

[BIP-177] Great Migration Wave 1

Vote: Yes
Rationale: Moving to v3 pools, its a necessary upgrade to help Balancer move forward.

[BIP-178] Enable bb-euler-USD Gauge [Ethereum]

Vote: Yes
Rationale: Euler is a great protocol and happy to see them get involved with boosted yield.

[BIP-179] Enable wsteth/Tessera Boosted APE Gauge [Ethereum]

Vote: Yes
Rationale: Happy to see Ape DAO considering Balancer for this.

[BIP-180] Enable zUSD/bb-euler-USD Gauge [Ethereum]

Vote: Yes
Rationale: Stablecoin pairing, so it’s a yes. Helps amplify the euler boosted pairing.

[BIP-181] Enable bb-euler-FRAX/bb-euler-USDC Gauge [Ethereum]

Vote: Yes
Rationale: Stablecoin pairing, so its a yes. Helps amplify the euler boosted pairing.

[BIP-182] Enable bb-rf-USD Gauge [Arbitrum]

Vote: Yes
Rationale: Stablecoin gauge on arb, helps to provide more yield there.