[HIP-14] Proposal to Create an ARA <> USDC Gauge

Authors: @jetpippo

Introduction:

As the AraFi team prepares for the migration from AERA to ARA, we’d like to present this Hermes Improvement Proposal to facilitate a smooth transition for our holders. The token migration is needed to allow for our token to be better integrated into our new product suite. By whitelisting ARA and establishing the ARA <> USDC gauge, we'll not only expedite the transition but also ensure our veNFT Hermes voters continue to enjoy the rewards of consistent bribes. This proposal is only the first step of our product launch and the AraFi team will submit an additional proposal to whitelist our wrappers tokens (aHermes, aMaia) in order for those LPs to be bribeable. Our token wrappers will help improve the quality of life of Hermes and Maia token holders, as well as enhancing the overall yield landscape on Metis through enhanced farming and staking possibilities.. The AERA token has been listed on Hermes since March of 2022 and its team has been the most consistent briber throughout that period. We have a deep understanding of the solidly model and the future of the MaiaDaoEco, and that is the reason why we have chosen to launch our USDC LP and then our wrapper liquidity pools on Hermes.

We encourage the Hermes community to deliberate on our proposal.

Learn more about AraFi on our twitter: https://twitter.com/AraFiEco

Summary:

The AraFi team formally requests a Hermes gauge be created for an Ara <> USDC pair. In tandem with our product launch this new pair is anticipated to generate additional volume offering tangible benefits to the Hermes Dex and the broader MaiaDaoEco.

Proposal:

We propose the creation of a Hermes gauge for the ARA <> USDC pair, enabling emissions for this pair to be managed through voting and bribing.

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