[BIP-304] Enable DFX/ETH Gauge with 2% emissions cap [Arbitrum]

PR with Payload

Gauge Proposal Template:

Summary:

DFX Finance's proposal to add a gauge for the DFX/ETH 50/50 on Arbitrum

References/Useful links:

Link to: • Website: Main Website, dApp • Documentation: Gitbook, Medium • Github Page: Github • Communities: Discord

Protocol Description:

DFX Finance is a decentralized foreign exchange (FX) protocol that facilitates the seamless exchange of fiat-backed stablecoins denominated in a growing number of currencies. Using a hyper-efficient AMM, optimized for low volatility trading, DFX provides FX swaps with rates that will beat any bank, money changer, or FX platform. DFX Pools currently have over $40M in TVL. DFX is the governance token of DFX Finance which allows users to vote on protocol changes and initiatives of the DAO, and also allows users to receive boosted emissions on deposits within the DFX ecosystem.

Price History DFX:

Price History for DFX can be found on Coingecko

Motivation:

The DFX/ETH 50/50 needs incentivization to migrate meaningful amounts of liquidity over to the Balancer ecosystem on Arbitrum, and to bring higher trading volumes to Balancer. As well, DFX Finance is committed to continue to engage in the Hiddenhand Finance ecosystem in a meaningful way to further deepen DFX liquidity onchain.

Specifications:

1. Governance: DFX tokens serve as the governance token for the DFX Finance protocol. DFX token holders can vote on governance proposals through DFX’s snapshot. DFX forum is also used to discuss potential protocol changes and improvements.

2. Oracles: DFX token does not rely on any external oracles. The DFX stablecoin pools uses Chainlink for its real world forex price feeds to facilitate efficient stablecoin swaps close to the spot price. The feeds can be found here: Decentralized Price Reference Data | Chainlink

3. Audits: DFX has engaged with multiple auditors including engagements with Trail of Bits, Haechi, and Zellic to audit the DFX smart contracts.

4. Centralization vectors: Treasury functions are controlled by a 2/4 multisig including treasury yield farming, and paying bribes.

5. Market History: DFX has been transferable since March 2021.

6. Value: This pool will be the primary source of liquidity for DFX on Arbitrum

DFX/ETH 50/50 Revised Pool: 0xa231aEa07Bb5e79aE162f95903806FC5AD65fF11 Revised Gauge: 0x04fc019017eD3F921D5ec11fFf84B870744BA0d1 Revised Root Gauge: 0x8F7a0F9cf545DB78BF5120D3DBea7DE9c6220c10

Spec:

The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv3 at 0x5efBb12F01f27F0E020565866effC1dA491E91A4 and call the addArbitrumGauge function with the following argument:

0x8F7a0F9cf545DB78BF5120D3DBea7DE9c6220c10 which corresponds to the 2% capped gauge for this pool.