[BIP-894] Kill Stream Gauges
https://github.com/BalancerMaxis/multisig-ops/pull/2572
Summary
The purpose of this publication is to kill four Stream gauges:
- xUSD/vgUSDC (Mainnet)
- xUSD/vgUSDC (Arbitrum)
- xUSD/mevUSDC (Avalanche)
- xBTC/mevBTC (Avalanche)
Motivation
On November 4, 2025, Stream Finance disclosed a $93 million loss through an external fund manager, leading to the immediate suspension of all withdrawals and deposits. As a consequence, tokens have depegged and no longer serve any practical utility.
The xUSD/vgUSDC pool is particularly affected: vgUSDC is a Silo vault that allocated to xUSD and now has no available liquidity, resulting in zero volume in recent days despite attracting significant votes due to its Core Pool status. These gauges should be killed to prevent further emissions to pools with no productive use.
Specification
Gauge Addresses
| Pool | Network | Gauge Address |
|---|---|---|
| xUSD/vgUSDC | Mainnet | 0xc13a3315806f097cee00e39c4285f5bf250dd8a4 |
| xUSD/vgUSDC | Arbitrum (Root) | 0x8c8722786aa9651b65425680642564a12e2dd854 |
| xUSD/mevUSDC | Avalanche (Root) | 0x4f23CCC4349E9500d27C7096bD61d203F1D1C1Aa |
| xBTC/mevBTC | Avalanche (Root) | 0xc429d0602365f09a9257be3be14c94b83cbbbb37 |
Technical Details
- Gauge Controller:
0xf5dECDB1f3d1ee384908Fbe16D2F0348AE43a9eA - Kill Function Selector:
0xab8f0945 - Safe Multisig:
0x9ff471F9f98F42E5151C7855fD1b5aa906b1AF7e
Off-Chain Vote
Yes, let's do it
3.7 veBAL100%
No, this is not the way
0 veBAL0%
Abstain
0 veBAL0%
Discussion
Timeline
Dec 12, 2025Proposal created
Dec 12, 2025Proposal vote started
Dec 16, 2025Proposal vote ended