PR with Payload
https://github.com/BalancerMaxis/multisig-ops/pull/2033
Summary
This proposal seeks to activate a gauge for the 75SDEX25WrappedAaveLidoWETH Boosted Pool on Balancer v3 Mainnet, enabling liquidity mining incentives for SDEX/waEthLidoWETH liquidity providers.
References/Useful Links
Protocol Description
Smardex launched “USDN” (Ultimate Synthetic Delta Neutral), a fully decentralized synthetic dollar backed by Smardex perpetual contracts on Ethereum.
SDEX serves as its governance token, allowing holders to vote on protocol upgrades and treasury allocations.
Motivation
- texte en grasCapital Efficiency: The 75/25 weighted pool optimizes capital deployment for SDEX while maintaining exposure to ETH yield via Aave's Lido ETH wrapper.
- Yield Stacking: Combines Balancer swap fees, ETH staking rewards, and potential SDEX/BAL incentives.
- Governance Alignment: Deepens SDEX utility by creating a primary liquidity venue for its governance token.
Specifications
1. Governance
- There is no governance for now.
- For USDN, some contracts are renounced.
- The remaining contracts are managed by a 3/5 multisig controlled internally by the team
2. Audits
- Paladin Blockchain Security
- Trails of Bits
- Hacken Proof and Immunefi for bug bounties, up to $5,500,000
3. Centralization Vectors
- There is no governance; the team manages all operations. Some contracts are renounced, while others are controlled by a 3/5 multisig
4. Market History
- SDEX launched March 18, 2023, and can be traded on various DEX (Smardex, Uniswap, Raydium) and CEX (Gate, Bitget, MECX).
5. Value
- Offering greater liquidity for the SDEX token
- SDEX vote incentives (aka ‘bribes’) for veBAL holders
Specification
Enable Gauges: The Balancer Maxi LM Multisig 0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdder contract to activate:
- Pool Address: 0xe2332649955c7c98389480ab46dd4cb6755ac703
- Rate Provider: 0xf4b5d1c22f35a460b91edd7f33cefe619e2faaf4
- tokenized vault: 0x0fe906e030a44ef24ca8c7dc7b7c53a6c4f00ce9
- Gauge Type: Ethereum
- Gauge Address: 0x4eB7C7fD67B9b2C24d9fF1601ccDa5A01bD40c7f
Off-Chain Vote
Yes, let's do it
2.53M veBAL92.3%
No, this is not the way
0 veBAL0%
Abstain
210.23K veBAL7.7%
Quorum:137%
Timeline
May 15, 2025Proposal created
May 15, 2025Proposal vote started
May 19, 2025Proposal vote ended
Nov 27, 2025Proposal updated