Summary:
Add a veBAL Gauge for the EURe, USDC pool on Arbitrum:
https://balancer.fi/pools/arbitrum/v3/0xa978cc348a0b5de8bd564a1d8fe437787fd12664.
Tokens, EURe 0x0c06ccF38114ddfC35E07427B9424AdcCa9F44F8, USDC 0xaf88d065e77c8cC2239327C5EDb3A432268e5831.
References/Useful links:
• Website: https://monerium.com/ • Documentation: https://monerium.dev/docs/welcome • Github Page: https://github.com/monerium/ • Discord: https://monerium.com/invite/discord • X: https://x.com/monerium * Dune: https://dune.com/monerium/monerium-eure
Protocol Description:
Assets
EURe, regulated euro e-money token issued by Monerium, 1,1 backed by high quality liquid assets, redeemable to bank accounts, audited contracts, multi-sig governed. Contract, 0x0c06…F44F8 on Arbitrum.
USDC, native USDC on Arbitrum. Contract, 0xaf88…e5831.
Protocols
Monerium EURe, fiat on-off-ramp, authorized Electronic Money Institution licensed to operate in the EEA, UK, and Switzerland. Contracts audited by Ackee. 30k token holders and €6 billion in volume.
Balancer v3, stableswap pool on Arbitrum.
Historic prices, source of highest liquidity
EURe is redeemable 1 to 1 to EUR according to emoney law on monerium.app.
Coingecko: https://www.coingecko.com/en/coins/monerium-eur-money
Coinmarketcap: https://coinmarketcap.com/currencies/monerium/
USDC, native Arbitrum USDC maintains 1.00 USD.
Motivation:
Establish deep EUR,USD on-chain FX liquidity on Arbitrum using a MiCA-compliant euro e-money token, EURe. This reduces slippage for EUR cross-margining and payments while routing volume through Balancer.
Specifications:
The Balancer Maxi LM Multisig 0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments:
gauge(address):0x7f49d37d0da53a4899bc0ba916f59ec9d4e6d1e2
gaugeType(string): Arbitrum