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closedEnded 2 years ago ยท Snapshot (Offchain)

[BIP-475] Kill ROOT/WETH Gauge [Ethereum]

By 0x9f74...0dD68e

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/612

Summary

The ROOT contributors informed us on Sunday 5th of November that they received a take-down notice based on their brand name. Details are available in this doc. Given the nature of this take-down we propose an immediate shut-down of the ROOT/ WETH gauge on mainnet proposed by BIP-470. Root contributors signaled to relaunch their token. We will assess the situation with them and evaluate if another proposal for a Balancer gauge is feasible.

Motivation

Based on the nature of the take-down notice we propose to shut down this gauge with immediate effect and also remove the ROOT/WETH core pool designation.

Specifications

The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptorEntrypoint at 0xf5dECDB1f3d1ee384908Fbe16D2F0348AE43a9eA and call performAction using 0xab8f0945 for the data(bytes) argument 0xd639e7fAe7a8d0233d416bfd5dA2ae4f917D2E77 as the ROOT/WETH gauge.

Furthermore "0x02ca8086498552c071451724d3a34caa3922b65a000200000000000000000613": "80ROOT-20wETH", will be removed from the core pool configuration maintained in the Maxi repo

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Votes 50
VoterCast PowerVote & Rationale
0x9f74...0dD68e
347,208

100% for Yes, let's do it

0xff02...9E1751
294,746

100% for Yes, let's do it

StableNode
56,958

100% for Yes, let's do it

0x25B7...057Fa6
40,449

100% for Yes, let's do it

0x050B...d2Ea2B
950

100% for Yes, let's do it

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Proposal Status
  • Thu November 09 2023, 07:00 pmVoting Period Starts
  • Mon November 13 2023, 07:00 pmEnd Voting Period
Current Results

1-Yes, let's do it

3.964M

2-No, this is not the way

0.001

0%

3-Abstain

0

0%
Quorum 3.964M/2M
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