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BalancerBalancerby0x7019Be4E4eB74cA5F61224FeAf687d2b43998516Xeonus

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

Voting ended over 3 years agoSucceeded

Summary: This pool is 80% palStkAave and 20% Aave. There are no yield fees applied to palStkAave.

Resources/Useful links: • Website

• Documentation

• Github Page

Protocol Description: palstkAAVE is a liquid wrapper of stkAAVE that auto-compounds AAVE rewards from the Safety Module while also lending out its voting power on Paladin. AAVE & stkAAVE are the governance tokens for Aave.

Price volatility between assets in the pool is irrelevant because you can redeem 1:1 in Paladin and then in the Safety Module.

Motivation: Paladin needs a liquidity pool between its wrapper and Aave to help users unstake their Aave faster in case of emergencies.

Specifications:

  1. Governance: Find more information about governance on Paladin’s forum.
  2. Oracles: Paladin Price Oracle: https://etherscan.io/address/0x0186647A0B419f41C59F60E6291cad230a3ED4BA#code
  3. Audits: https://doc.paladin.vote/security/audits
  4. Centralization vectors: The Paladin core team can freeze contracts to avoid theft of assets, everything else is managed by a 5/9 multi-sig elected by the Paladin DAO
  5. Value: Balancer will earn protocol fees as well as become a hub for stkAave rapid redeeming.

Link to pool: https://app.balancer.fi/#/pool/0xae7bfd6fa54259fc477879712eebe34164d3a84f000200000000000000000376

Link to 2% capped gauge: 0x39a9E78c3b9b5B47f1f6632BD74890E2430215Cf

Off-Chain Vote

Yes, let's do it
2.19M veBAL100%
No, this is not the way
566.73 veBAL0%
Quorum:109%
Download mobile app to vote

Discussion

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

Timeline

Oct 26, 2022Proposal created
Oct 27, 2022Proposal vote started
Oct 30, 2022Proposal vote ended
Nov 27, 2025Proposal updated