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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-404] Kill Unused Gauges Week 33

Voting ended over 2 years agoSucceeded

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/468

Summary

The purpose of this proposal is to kill five* gauges which are currently not being utilized due to dead ends with partnership initiatives. The five* pools are the TWAMM rETH/wstETH on Mainnet, OHM/LUSD on Mainnet, cbETH/wstETH on Mainnet*, DFX/WETH on Arbitrum, and ACID/WETH on Arbitrum. These gauges have been active for several weeks and have received little to no votes. Killing these gauges keep our UI and system cleaner overall.

Motivation

The TWAMM rETH/wstETH gauge is proposed to be killed at the request of the Cron Finance team. The other 4* gauges serve no purpose to veBAL holders or Balancer users based on utilization. Removing them is a house cleaning in terms of UX and safety.

Specification:

The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptorEntrypoint at 0xf5dECDB1f3d1ee384908Fbe16D2F0348AE43a9eA and call performAction using 0xab8f0945 for the data(bytes) argument and the “Root Gauge Address” list for each pool below will be used for the target(address) argument.

Symbol Pool Type Network Root Gauge Address Pool Id
wstETH/rETH/L TWAMM 1 0xB5bd58C733948e3d65d86BA9604e06e5dA276FD1 0x6910c4e32d425a834fb61e983c8083a84b0ebd01000200000000000000000532
wstETH/cbETH ComposableStable 1 0x01A9502C11f411b494c62746D37e89d6f7078657 0x9c6d47ff73e0f5e51be5fd53236e3f595c5793f200020000000000000000042c
50OHM-50LUSD Weighted 1 0xd8191A3496a1520c2B5C81D04B26F8556Fc62d7b 0x18fdf15ff782e44c1f9b6c5846ff6b0f0004f6a2000200000000000000000560
B-50ACID-50WETH Weighted 42161 0x6ba66967B0723718d616ad5F293c2AE6d7b0FCAE 0xce2da1d3e5b5e4e1913f9ff65ee029d38682d8b900020000000000000000044e

Off-Chain Vote

Yes, let's do it
3.57M veBAL100%
No, this is not the way
0 veBAL0%
Abstain
0.01 veBAL0%
Quorum:179%
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Discussion

Balancer[BIP-404] Kill Unused Gauges Week 33

Timeline

Aug 16, 2023Proposal created
Aug 17, 2023Proposal vote started
Aug 21, 2023Proposal vote ended
Feb 03, 2026Proposal updated