[BIP-618] Enable D2D/GYD 80/20 Gauge [Arbitrum]
PR with Payload
https://github.com/BalancerMaxis/multisig-ops/pull/1011
Summary:
This proposal aims to activate a 2% capped gauge for an 80% D2D / 20% GYD pool on the Arbitrum Network. PrimeDAO is collaborating with Gyroscope to its liquidity from the ETH Mainnet D2D / USDC pool to a pool that uses GYD on Arbitrum instead. Having an rETH / D2D and GYD / D2D pool on Arbitrum will likely increase the volumes for both pools
References/Useful links:
Link to: Website: https://www.prime.xyz/ Github Page: PrimeDAO · GitHub Forum: https://forum.prime.xyz/ Root gauge: https://etherscan.io/address/0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125 Child Chain gauge: https://arbiscan.io/address/0x795e075d31Da614a3D5F57FB530D07c2af07B1fE
Protocol Description:
PrimeDAO is a DAO-builder collective building tools for DAO to DAO coordination. PrimeDAO has launched multiple products and spin-offs, including Prime Rating, Prime Launch (including a Balancer LBP launcher), Prime Deals, SupremeDAO, and Inverter Network.
Motivation:
PrimeDAO is collaborating with Gyroscope to its liquidity from the ETH Mainnet D2D / USDC pool to a pool that uses GYD on Arbitrum instead. Having an rETH / D2D and GYD / D2D pool on Arbitrum will likely increase the volumes for both pools.
Specifications:
1. Governance: PrimeDAO is governed by holders of D2D and pooled D2D, through Snapshot Votes and Forum Proposals. 2. Oracles: None, we use Coingecko. 3. Audits: The Prime Launch and Prime Deals dApp are audited. 4. Centralization Vectors: Treasury functions are controlled by Prime Governance. Contracts are non-upgradable. 5. Market History: D2D has generated over $70,000 in Trading Fees on Balancer since its LBP launch in Q4 2021. Currently, D2D has a combined pool value of $325K+ Gauge address: 0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125
Specification:
The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments: gauge(address): 0xBC5E2f2945Ff4a6568C4DBD3aA15D9e8FfDF0125, which corresponds to the 2% capped gauge for this pool gaugeType(string): Arbitrum
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8787...73ea52 | 289,461 | 100% for Yes, let's do it |
 0x9f74...0dD68e | 207,756 | 100% for Yes, let's do it |
 0x5e45...B73248 | 1,513 | 100% for Yes, let's do it |
 0xE585...A3330E | 626 | 100% for Abstain |
 0x9d57...3765a5 | 1 | 100% for Yes, let's do it |
VOTE POWER
Proposal Status
- Thu June 06 2024, 06:00 pmVoting Period Starts
- Mon June 10 2024, 06:00 pmEnd Voting Period
Current Results
1-Yes, let's do it
2.788M
2-Abstain
626.174