[BIP-528] Enable 80PAL-20WETH Gauge w 2% Cap [Arbitrum]

Voting ended about 2 years agoSucceeded

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/736

Summary: Whitelist for veBAL voting [PAL-ETH on Arbitrum] (https://app.balancer.fi/#/arbitrum/pool/0xe25ecadca47419e9aee2700ceab4e7c4b01b94ca0002000000000000000004e4) The PAL/OHM gauge currently active on Arbitrum will be killed 4 weeks after this activation to give LPs sufficient time for migration to the new pool/gauge. See the previous proposal BIP-320 for further details.

References/Useful links:

https://twitter.com/Paladin_vote https://quest.paladin.vote/#/bal https://keep.paladin.vote/

Protocol Description:

Paladin is a governance lending protocol aiming to become the leading influence market and democratize activism. Up to date, we have released a lending market for stkAave GHO discount, as well as a vote incentive marketplace for Balancer, Curve and Bunni and an index product for governance wars.

Motivation: Paladin already has a tight history with Balancer. The PAL token was made transferable via an LBP on Balancer via Prime Launch . And a Balancer pool on mainnet has been there since PAL has been liquid. We are moving our PAL/OHM pool into a PAL/ETH in order to bring in more volume and better arbitrage on Ethereum.

Specifications:

Governance: Paladin DAO is governed by holders of PAL, through snapshot votes and forum proposals.

Paladin DAO

https://signal.paladin.vote/#/ 1

Oracles: None, we use Coingecko.
Audits: Audits - Docs 1
Centralization vectors: Treasury functions and smart contract proxy updates are controlled through a 5/9 multisig.
Market History: PAL was made transferable on Balancer via a dutch auction and now has liquidity on 3 DEXs on Ethereum (Balancer, Curve & Uniswap). PAL has a total depth of ~1M$.

Gauge: 0x1461C4a373d27977f0D343Ba33C22870c89F9dF0

Specifications:

A. 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):0x1461C4a373d27977f0D343Ba33C22870c89F9dF0 gaugeType(string): Arbitrum

B. 4 weeks later:

The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptorEntrypoint at 0xf5dECDB1f3d1ee384908Fbe16D2F0348AE43a9eA and call performAction using 0xab8f0945 for the data(bytes) argument and 0xd758454bdf4df7ad85f7538dc9742648ef8e6d0a will be used for the target(address) argument.