Enable CREAM/WETH 80/20 Gauge [Ethereum]

This proposal appears on Balancer's forum

Summary:

Proposal to add a gauge for the CREAM/WETH Pool on Ethereum.

References/Useful links: Website Documentation Github Page
Communities Other useful links

Protocol Description:

What is C.R.E.A.M. Finance? CREAM Finance is a decentralized lending protocol for individuals and protocols to access financial services. The protocol is permissionless, transparent, and non-custodial. Currently, CREAM is live on Polygon, Arbitrum and Binance Smart Chain . CREAM Finance’s smart contract money markets are focused on longtail assets -- with the goal of increasing capital efficiency for all assets in crypto markets. Users are able to lend any supported assets on our markets, and use the provided capital as collateral to borrow another supported asset. CREAM offers a wide range of tokens on our money markets, including: stablecoins (USDT, USDC, BUSD); interest-bearing stablecoins defi tokens LP-tokens and other cryptocurrencies. This list is not exhaustive.

Motivation:

This proposal aims to add veBAL gauge for the CREAM/WETH 80/20 pool. BAL incentives would help deepen CREAM liquidity as 24-hour trading volume on exchange averages $2 million, it would bring sizable CREAM trading volume on Balancer.

Specifications:

1. Governance: CREAM tokens serve as the governance token for the C.R.E.A.M. Finance network. CREAM token holders can vote on governance proposals through CREAM’s snapshot. CREAM forum is also used to discuss potential protocol changes and improvements.

2. Oracles: We have Chainlink as our main price oracle.

3. Audits: Audit Report: https://github.com/trailofbits/publications/blob/master/reviews/CREAMSummary.pdf

4. Centralization vectors: The token is not upgradeable or pausable. The owner has limited minting capabilities and cannot blacklist the contract. The team behind the token is known and can be held responsible for abuse.

5. Market History: Although CREAM protocol suffered a flash loan attack on its ETH platform, all other platforms are currently functioning optimally. According to defillama Total Value Locked is $318.06 million

Pool address: https://etherscan.io/address/0x85370D9e3bb111391cc89F6DE344E80176046183 Gauge: https://etherscan.io/address/0x9f65d476dd77e24445a48b4fecdea81afaa63480