TRC-29: Move the IZE/USDC gauge to a new lower range IZE/WETH pool
The IZE/USDC proposal had passed about 3 weeks ago. (https://snapshot.org/#/timelessfi.eth/proposal/0xcee4ed57f44a37fe122ef730aa70a03318c6b6b682bed4e9282b7037a5454857)
However, the votes never really came in for the gauge rewards until this epoch. Unfortunately, right before the epoch started, the price was knocked way out of range, so we have never been able to see the effects of the gauge on drawing the community into liquidity creation.
Additionally, because of the USDC depeg events from a few weeks ago, I have had several people express hesitancy about wanting their LP tied up in USDC long term.
For those 2 reasons, I have deployed a new IZE/ETH gauge that covers the very lowest points of price history.
Old range: [0.0997 - 661.344] USDC per IZE New proposed range: [178.885 - 1805380] WETH per IZE
Bunni pool: 0x753cf87B650d5f195E1D2893bfEa397Be7CDAB88 Bunni gauge: 0x6596E78d26411978dA8171413C7c3757e7F7A078
Off-Chain Vote
Timeline
Mar 30, 2023Proposal created
Mar 30, 2023Proposal vote started
Apr 02, 2023Proposal vote ended
Oct 26, 2023Proposal updated