zen-maxi.eth

[BIP-692] Enable sDAI/aUSDC.e E-CLP Gauge [Gnosis]

Voting ended over 1 year agoSucceeded

PR With Payload https://github.com/BalancerMaxis/multisig-ops/pull/1339

Summary

This is a proposal to enable one uncapped Balancer gauge on Gnosis Chain for an sDAI/aUSDC.e E-CLP.

References/Useful links

Links

Documentation of E-CLPs

Website

Github

Discord

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Protocol Description

aUSDC.e is the deposit receipt token issued by the Aave protocol to lenders of bridged USDC. Since aTokens are rebasing, this pool uses BGD Labs’s statA wrapper that is a repricing representation of statA tokens that reflects the accruing lending yield.

Savings Dai (sDAI) is a tokenized, yield-bearing representation of Dai deposited in the Dai Savings Rate (DSR) offered by MakerDAO.

Motivation

Gyroscope is launching further strategic pools.

Specification

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.

Oracles:

‘rateProvider0’: sDAI rate provider on Gnosis Chain: 0x89C80A4540A00b5270347E02e2E144c71da2EceD and relevant review .

‘rateProvider1’: aUSDC.e rate provider on Gnosis Chain: 0x5F62fd24941B585b91EB059E0ea1a7e729357511

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.

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.

Market History: This is the first sDAI/aUSDC.e E-CLP on Gnosis Chain.

Value: This pool is intended to be the primary source of liquidity for the token(s).

Contracts

E-CLP: 0xaa56989Be5E6267fC579919576948DB3e1F10807

Child Chain Gauge on Gnosis Chain: 0x9ED250d67c4E5F5B2b5F982a678eD1c0ba011207

Root Chain Gauge: 0xc0b75da8E6F6403804EFEFDE3101b02276C5f8EA

Specification

Transaction: The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments:

gauge(address): 0xc0b75da8E6F6403804EFEFDE3101b02276C5f8EA gaugeType(string): Gnosis