[BIP-768] Enable xrETH/rETH Gauge on Ethereum

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/1711

Summary

This proposal seeks to enable the gauge for the xrETH/rETH pool on Balancer. By adding the gauge, the xrETH/rETH pool will be eligible for BAL emissions, incentivizing liquidity provision and further strengthening the Ethereum liquid staking ecosystem.

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Links

• Pool: xrETH/rETH Pool on Balancer
• Gauge: xrETH/rETH Gauge on Etherscan
• xrETH Contract Address: 0xBB22d59B73D7a6F3A8a83A214BECc67Eb3b511fE
• rETH Contract Address: 0xae78736cd615f374d3085123a210448e74fc6393
• Documentation on Gravita Protocol: Gravita Protocol Docs
• Constellation Overview: Constellation Docs
• NodeSet Security: Security Information
• Audits: Constellation Audits
• Twitter: @gravitaProtocol
• Dune Analytics: Gravita Dashboard

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Motivation

xrETH represents a key component of Gravita Protocol’s innovative liquid staking infrastructure. Paired with rETH (a widely adopted liquid staking token from Rocket Pool), this pool facilitates deep liquidity for Ethereum staking derivatives.

Enabling the gauge for this pool aligns with Balancer’s mission to support the Ethereum staking ecosystem, increases trading volume, and incentivizes long-term liquidity.

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Pool Details

• Pool ID: 0xd9005569C381d57506BaefB69f90d1Bb52a023B9
• Swap Fee: 0.15%
• Weights: 50% xrETH, 50% rETH

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Security and Audits

xrETH and Constellation, the underlying infrastructure for Gravita’s assets, undergo rigorous security measures, including multiple audits conducted by independent firms:

• Constellation Security Information
• Constellation Audits

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Incentives

Future incentives, including xRPL emissions, will be directed toward this pool to encourage liquidity and align stakeholder interests.

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Benefits

1. Expands support for liquid staking tokens.
2. Attracts new users and capital to Balancer.
3. Enhances trading opportunities with incentivized liquidity.

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