[HIP-33] - Improve Gauges Liquidity Structure

Proposal ID: S1.9

Introduction

This proposal seeks to enhance the liquidity provisioning strategy for Sonic Chain by expanding and refining the gauge allocations. By doing so, we aim to maximize the utility and adoption of Sonic-native assets, incentivize participation through the Sonic Points system, and foster deeper integration within the Sonic ecosystem. We are also removing under performing gauges.

The following gauges will be added:

• stS / wS - 0.05% (min width: 10)

• BRUSH / stS - 1% (min width: 1800)

• GOGLZ / stS - 1% (min width: 1800)

• HeyANON / stS - 1% (min width: 1800)

The following gauges will be removed:

• DAI / DAI - OP

• DAI / DAI - Mainnet

• GHO/ GHO - Mainnet

• sUSD / sUSD - Mainnet

Strategic Alignment

This proposal reinforces our commitment to supporting Sonic-native assets and expanding their liquidity within the Ulysses-connected Omnichain ecosystem. The addition of stS-based gauges significantly increases our exposure to Sonic Points while aligning our strategy with Sonic's ecosystem growth objectives.

Gauge Performance Analysis

With the Sonic Chain ecosystem still in its growth phase, the addition of new gauges provides an opportunity to assess their effectiveness over time. By concentrating on gauges tied to stS and Sonic-native assets, we aim to build a foundation for liquidity growth. Redundant or underutilized gauges will be phased out after a performance evaluation period, ensuring a streamlined and effective strategy.

Market Impact Analysis

Expanding the gauge system to include stS pairings has the potential to deepen liquidity for Sonic-native assets and enhance their utility across Ulysses-connected chains. This strategy supports increased adoption of the Sonic platform, benefiting users and protocols through greater capital efficiency and liquidity access.

If these new gauges are adopted, the resulting increase in Sonic Points earned by our platform presents a significant strategic advantage. The returns obtained from these points can be reinvested to drive further liquidity incentives, reinforcing our platform's position in the ecosystem and amplifying long-term value for participants.

The anticipated increase in transaction volume, fee generation, and Sonic Points accumulation will further incentivize voter participation and create sustainable revenue streams for our community.

Calldata:

Add Gauge for Pool Address: 0x045F4c9185F6f50e9A7Ff1efbD4ab94E6393f2D0

Data:

0x5d6b2a9d000000000000000000000000045f4c9185f6f50e9a7ff1efbd4ab94e6393f2d000000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000000000000000020000000000000000000000000000000000000000000000000000000000000000a

Add Gauge for Pool Address: 0x19A1d7F208eAbF655cc501a9641ea9F05bd492cB

Data:

0x5d6b2a9d00000000000000000000000019a1d7f208eabf655cc501a9641ea9f05bd492cb000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000708

Add Gauge for Pool Address: 0x7752C185b46EBDeC1d341d712BFbf7577833a02a

Data:

0x5d6b2a9d0000000000000000000000007752c185b46ebdec1d341d712bfbf7577833a02a000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000708

Add Gauge for Pool Address: 0xeFed501B3837621cF062681B580E2c88eAE5D01a

Data:

0x5d6b2a9d000000000000000000000000efed501b3837621cf062681b580e2c88eae5d01a000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000708

Remove Gauge Address: 0x5165087e8504c64e43c0e9e9bf6c46dfd261ced3

Data:

0x3a0451450000000000000000000000005165087e8504c64e43c0e9e9bf6c46dfd261ced3

Add Gauge for Pool Address: 0x995811c57916c05C511309B0b4b8CA32D9D2BdCF

Data:

0x5d6b2a9d000000000000000000000000995811c57916c05c511309b0b4b8ca32d9d2bdcf00000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000000000000000020000000000000000000000000000000000000000000000000000000000000000a

Remove Gauge Address: 0x726f71C7BcA172036b3f706845e7900331AE8939

Data:

0x3a045145000000000000000000000000726f71c7bca172036b3f706845e7900331ae8939

Remove Gauge Address: 0xDff553DA24815901097D122BAfd24baE973CCf12

Data:

0x3a045145000000000000000000000000dff553da24815901097d122bafd24bae973ccf12

Remove Gauge Address: 0x6A819F79867594c3f2768C147E09f7142243E163

Data:

0x3a0451450000000000000000000000006a819f79867594c3f2768c147e09f7142243e163

Remove Gauge Address: 0xc27ED657a32DC4a3B44E917227dBBc2B0813504f

Data:

0x3a045145000000000000000000000000c27ed657a32dc4a3b44e917227dbbc2b0813504f