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BalancerBalancerby0x512fce9B07Ce64590849115EE6B32fd40eC0f5F3Solarcurve

[BIP-54] Authorize Balancer Labs to initiate distributions on Optimism gauges

Voting ended over 3 years agoSucceeded

Every week, once BAL destined for L2 gauges is minted and bridged, the notify_reward_amount(token) function in the L2 ChildChainStreamers must be called, which lets the contract know that it has received tokens and it should start distributing them.

Anyone can call that function if there's no active distribution period for that streamer. But otherwise only the AuthorizerAdaptor can call it.

In order to enable timely distribution of incentives, a multisig controlled by Balancer Labs is authorized to call that function through the AuthorizerAdaptor on Polygon and Arbitrum. This proposal seeks governance approval for the same to be possible on Optimism.

Specification

The DAO Multisig 0x043f9687842771b3dF8852c1E9801DCAeED3f6bc will initiate a transaction to the Authorizer 0xA331D84eC860Bf466b4CdCcFb4aC09a1B43F3aE6 calling grantRole with the following arguments:

  • role: 0xf5567e3e06eaf06daf0617f0048403b4fc0af19ead758a00eaa16d1506419816
  • account: 0xFB2ac3989B6AD0e043a8958004484d6BAAb2c6Ab

The role can be verified in the Balancer Labs monorepo The Gnosis Safe corresponding to the address above has the same owners as the mainnet multisig mentioned in this proposal

Off-Chain Vote

Yes, let's do it
1.75M veBAL99.8%
No, this is not the way
3.31K veBAL0.2%
Quorum:876%
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Discussion

Balancer[BIP-54] Authorize Balancer Labs to initiate distributions on Optimism gauges

Timeline

Aug 25, 2022Proposal created
Aug 25, 2022Proposal vote started
Aug 28, 2022Proposal vote ended
Apr 19, 2025Proposal updated