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BalancerBalancerby0x512fce9B07Ce64590849115EE6B32fd40eC0f5F3Solarcurve

Enable PAL/USDC 80/20 Gauge [Ethereum]

Voting ended almost 4 years agoSucceeded

This proposal appears on Balancer's forum

Gauge Proposal Template:

Summary: Whitelist for veBAL voting PAL-USDC pool gauge

References/Useful links:

https://www.paladin.vote/

https://doc.paladin.vote/

https://gov.paladin.vote/

https://twitter.com/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 (now the 6th largest holder of stkAave) and a Curve gauge & boost marketplace managing over 5M veCRV.

Motivation: Paladin already has a tight history with Balancer. The PAL token was made transferable via an LBP on Balancer via Prime Launch. The Balancer pool has been there since the beginning but has failed to grow larger. We want to use BAL incentives via the gauge to attract more users to provide liquidity alongside our DAO and make this pool become the main stablecoin <> PAL bridge.

Specifications:

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

https://gov.paladin.vote/

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

  1. Oracles: None, we use Coingecko.

  2. Audits: All daps have been audited. https://doc.paladin.vote/security/audits

  3. Centralization vectors: Treasury functions and smart contract proxy updates are controlled through a 5/9 multisig.

  4. 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 averages 20,000$ of daily volume and has a total depth of ~2M$.

Gauge address: https://etherscan.io/address/0x03de3993f329a6051a593cb0e8a8517329aac816#code

Off-Chain Vote

Yes, let's do it
103.57K veBAL100%
No, this is not the way
0 veBAL0%
Quorum:104%
Download mobile app to vote

Discussion

BalancerEnable PAL/USDC 80/20 Gauge [Ethereum]

Timeline

May 30, 2022Proposal created
May 30, 2022Proposal vote started
Jun 02, 2022Proposal vote ended
Apr 19, 2025Proposal updated