Balancer

Gauge Proposal Template:

Summary:

Proposal to add gauge support for the newly created MAGIC/USDC 50/50 pool on L2 Arbitrum. Please note that this proposal is coming from a partner project of Treasure, LifeDAO.

References/Useful links: (Please note that I am only able to post 2 links as a new user, modifying links to ensure I can get this posted. You have my long term support here, but I want to adhere to the constraints accordingly).

Link to: • Website: >>.treasure.lol • Documentation: >>.treasure.lol/about-treasure/readme • Github Page: >>.github.com/TreasureProject • Communities: >>.treasure.lol/community • Other useful links?: >>.life.treasure.lol

Protocol Description:

Describe the proposed asset(s), the corresponding protocol(s), and historic prices of the token (price must come from the source of highest liquidity). Magic is the underlying token of the Treasure web3 gaming ecosystem on L2 Arbitrum. Without spending too much time deep diving the game itself, there is a growing community with Treasure related projects driving the majority of L2 volumes. While they have always dominated NFT marketplace volumes, their recent launch of Trove marketplace has cemented this.

Motivation:

MAGIC/ETH has historically been the primary (only) major source of liquidity in the ecosystem, and we would like to enable MAGIC/USDC liquidity as an alternative. The liquidity has so far also been dominated by Sushi, and this would open up liquidity and trading opportunities to expand on Balancer. This will likely not be our only pool proposal, and we hope to expand with more pools in the near future.

Specifications:

1. Governance: Provide current information on the protocol’s governance structure. Provide links to any admin and/or multisig addresses, and describe the powers afforded to these addresses. If there are plans to change the governance system in the future, please explain. Treasure Governance: >>.docs.treasure.lol/about-treasure/governance LifeDAO Governance: >>.snapshot.org/#/0xlifedao.eth

2. Oracles: Does the protocol rely on external oracles? If so, provide details about the oracles and their implementation in the protocol. None for the pricing itself, though chainlink integration has completed for NFT pricing mechanics. >>.docs.treasure.lol/references/articles/treasuredao-announces-integration-of-chainlink-oracles-for-secure-nft-marketplace-pricing

3. Audits: Provide links to audit reports and any relevant details about security practices. As this is a web3 gaming project, there are no specific audits for the liquidity pool aspect of what is being done. There are audits being completed for various aspects related to staking in the game, as well as for partner projects, but they are not specific to liquidity pools.

4. Centralization vectors: Is there any component of the protocol that has centralization vectors? E.g. if only 1 dev manages the project, that is a centralized vector. If price oracles need to be updated by a bot, that is a centralized vector. If liquidations are done by the protocol, that is also a centralization vector. No centralized vectors, the team prioritizes security and risk of dependencies in their work and of their partners.

5. Market History: Has the asset observed severe volatility? In the case of stablecoins, has it depegged? In the case of an unpegged asset, have there been extreme price change events in the past? Provide specific information about the Balancer pool: how long has it been active, TVL, historical volume? You must provide a direct link to the pool AND a link to your pool’s gauge.

The pool was just created on balancer, but we expect to seed the pool with 5 figures and drive the LifeDAO community’s use of this pool as a default for trading upon approval. As noted, I believe this will open up more opportunities to bring Treasure related trading into the Balancer ecosystem, and would like to use this as our first chance at that. >>.arbitrum.balancer.fi/#/pool/0xb3028ca124b80cfe6e9ca57b70ef2f0ccc41ebd40002000000000000000000ba

Ethereum root gauge address: 0x68EBB057645258Cc62488fD198A0f0fa3FD6e8fb