Balancer

Gauge Proposal Template:

Summary:

BadgerDAO Proposal to add a gauge for the DIGG/wBTC/graviAURA Pool

References/Useful links:

• Website: Main Website Vaults dApp • Documentation: Gitbook • Github Page: Github • Twitter: https://twitter.com/BadgerDAO • Discord: Discord

Protocol Description:

BADGER Protocol

BadgerDAO is a well established DAO which seeks to build the infrastructure for Bitcoin in DeFi. We make it easy to bridge your Bitcoin into other blockchains and start earning yield right away. Badger Vaults currently have over $80m in TVL as well as launched ibBTC which is the number 5 Bitcoin synthetic in defi. DIGG is a token integral in BadgerDAO’s user yield boost mechanics which allows for users to optimize their vault yields through improved capital efficiency. DIGG is paired with wBTC which is the largest Bitcoin synthetic and has well established security.

Price History $DIGG

Price History for DIGG can be found on coingecko

Motivation:

The DIGG/wBTC/graviAURA 40/40/20 Pool needs incentivization to migrate meaningful amounts of liquidity over to the Balancer ecosystem. Digg enthusiasts in the Badger DAO community are interested in making Balancer DIGGs primary exchange, source of liquidity and giving Badger supporters many opportunities to earn fees and yield on their tokens.

Specifications:

1. Governance:

BadgerDAO has a hierarchy of different multisig accounts that handle operations within the DAO. These have specific use cases and are outlined in detail in the repo linked below: Badger Multisigs

The highest risk operations are controlled by a timelock address which needs to be triggered and has a 2 day time delay to perform any actions.

2. Oracles:

Badger does not rely on any external oracles

3. Audits:

Audits have been performed by multiple top tier audit agencies. Web2 has been fully audited and reviewed by Halborn and we have an ongoing relationship with Quantstamp and code4rena. Badger Audits can be found on badger.com here: Security & Audits

4. Centralization vectors:

Badger does utilize upgradeable contracts for many of the products we offer, though these are protected by a 2 day timelock for prevention of issues. Our API and frontend are hosted by centralized entities but the DAO is releasing an IPFS hosted access point for people to utilize that is fully permissionless.

5. Market History:

DIGG has been actively trading since January 2021. DIGG’s year to date average daily trading volume is approximately $65.5k USD (almost $990k average daily since inception) primarily on sushi. The Balancer pool has only recently been launched and has not received volume to give any insights. The expectation is once Badger DAO and/or its Digg community users migrate existing liquidity the pool can bring consistent volume and fees to Balancer as DIGG’s new primary source of liquidity.

Pool: wBTC/DIGG/graviAURA

Gauge: 0x5204f813cF58a4722E481b3b1cDfBBa45088fE36