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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-318] Grant Avalanche Permissions

Voting ended almost 3 years agoSucceeded

Payload PR - BIP-318

Background

The goal of this BIP is to grant all necessary permissions and perform various "start up" actions to bring Avalanche up to par with Balancer's other networks ahead of our upcoming launch.

BIP-318 grants all base permissions for the network to operate BIP-318A sets the protocol fee on swaps and yield to 50% BIP-318B adds the child chain gauge factory to the pseudo minter to allow the L2 gauges to emit BAL BIP-318C enables the authorizer wrapper BIP-318D adds the avalanche root gauge factory to the gauge adder v4

Note, there will be upcoming governance to enable layer zero boosts on Avalanche and zkEVM.

English Specification

The transaction details were generated by this script with inputs and outputs in this directory

The following files can be found both linked below and in the payload PR linked above:

Filename Description of Contents
inputs.json The inputs to the script mapping functions and deployments to target addresses that can execute them.
results_address_sorted.md The resulting changes printed in a table sorted by target chain and target address (to easily understand permissions granted).
results_deployment_sorted.md The resulting changes printed in a table sorted by target chain and target deployment (for verification against action ids).
function_descriptions.md A table that describes what each function that is being granted privileged access allows.
chainname.json For each change with changes, a transaction builder JSON named after said chain exists to apply the changes described in the tables.

More information about the various Balancer Multisigs and their functions can be found in the multisig-ops repo

Specification

As described in the payload json, the authorizer will be called to grant the roles as described.

The change can be reviewed by the below by comparing the results_deployment_sorted.md file to the source of truth, which should match the order found in the source of truth for actionIds on the balancer-deployments.

The full list of specifications can be read on the forum and the pull request data as well as results_address_sorted.md

Risk Assessment

This BIP is routine operation for provisioning a new factory. The new factories are themselves a risk mitigation.

References

Balancer Deployments BAL Addresses

Off-Chain Vote

Yes, let's do it
3.48M veBAL100%
No, this is not the way
0.06 veBAL0%
Abstain
1.94 veBAL0%
Quorum:174%
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Discussion

Balancer[BIP-318] Grant Avalanche Permissions

Timeline

Jun 07, 2023Proposal created
Jun 08, 2023Proposal vote started
Jun 12, 2023Proposal vote ended
Mar 16, 2026Proposal updated