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BalancerBalancerby0x7019Be4E4eB74cA5F61224FeAf687d2b43998516Xeonus

[BIP-618] Enable D2D/GYD 80/20 Gauge [Arbitrum]

Voting ended almost 2 years agoSucceeded

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/1011

Summary:

This proposal aims to activate a 2% capped gauge for an 80% D2D / 20% GYD pool on the Arbitrum Network. PrimeDAO is collaborating with Gyroscope to its liquidity from the ETH Mainnet D2D / USDC pool to a pool that uses GYD on Arbitrum instead. Having an rETH / D2D and GYD / D2D pool on Arbitrum will likely increase the volumes for both pools

References/Useful links:

Link to: Website: https://www.prime.xyz/ Github Page: PrimeDAO · GitHub Forum: https://forum.prime.xyz/ Root gauge: https://etherscan.io/address/0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125 Child Chain gauge: https://arbiscan.io/address/0x795e075d31Da614a3D5F57FB530D07c2af07B1fE

Protocol Description:

PrimeDAO is a DAO-builder collective building tools for DAO to DAO coordination. PrimeDAO has launched multiple products and spin-offs, including Prime Rating, Prime Launch (including a Balancer LBP launcher), Prime Deals, SupremeDAO, and Inverter Network.

Motivation:

PrimeDAO is collaborating with Gyroscope to its liquidity from the ETH Mainnet D2D / USDC pool to a pool that uses GYD on Arbitrum instead. Having an rETH / D2D and GYD / D2D pool on Arbitrum will likely increase the volumes for both pools.

Specifications:

1. Governance: PrimeDAO is governed by holders of D2D and pooled D2D, through Snapshot Votes and Forum Proposals. 2. Oracles: None, we use Coingecko. 3. Audits: The Prime Launch and Prime Deals dApp are audited. 4. Centralization Vectors: Treasury functions are controlled by Prime Governance. Contracts are non-upgradable. 5. Market History: D2D has generated over $70,000 in Trading Fees on Balancer since its LBP launch in Q4 2021. Currently, D2D has a combined pool value of $325K+ Gauge address: 0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125

Specification:

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): 0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125, which corresponds to the 2% capped gauge for this pool gaugeType(string): Arbitrum

Off-Chain Vote

Yes, let's do it
2.79M veBAL100%
No, this is not the way
0 veBAL0%
Abstain
626.17 veBAL0%
Quorum:139%
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Discussion

Balancer[BIP-618] Enable D2D/GYD 80/20 Gauge [Arbitrum]

Timeline

Jun 05, 2024Proposal created
Jun 06, 2024Proposal vote started
Jun 10, 2024Proposal vote ended
Nov 27, 2025Proposal updated