Balancer

https://github.com/BalancerMaxis/multisig-ops/pull/137

Summary:

This pool uses the new weighted pool factory which allows us to apply the protocol fee to yield bearing tokens. This gauge would enter as a “core pool” under BIP-19, meaning protocol fees earned by this pool would be used to bribe for votes on it.

References/Useful links:

Link to: • Website • Documentation • Github Page
• Communities

Protocol Description:

wstETH is liquid staked ETH. COMP is the governance token for Compound.

Motivation:

Request of master humpy

Specifications:

1. Governance: Find more information about governance on Lido’s forum.

2. Oracles: This pool relies on a rate provider for wstETH which Balancer has been using already for awhile. See here.

3. Audits: See here.

4. Centralization vectors: See here for information on this.

5. Market History: See here.

6. Value: Balancer will earn the protocol fee on wstETH yield. By paring with wstETH we encourage more wstETH trading activity and since wstETH/ETH is one of our largest pools, any increase in trading activity will make wstETH liquidity even more profitable for us.

Link to pool Link to gauge: 0x2fC4506354166e8B9183FBB6A68cd9C5F3Fb9Bc5

Transaction: The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptor at 0x8F42aDBbA1B16EaAE3BB5754915E0D06059aDd75 and call performAction with the GaugeController at 0xC128468b7Ce63eA702C1f104D55A2566b13D3ABD for the target(address) argument and using 0x3a04f900 followed by the gauge address 0x2fC4506354166e8B9183FBB6A68cd9C5F3Fb9Bc5 and the corresponding gauge type for the data(bytes) argument.

data(bytes) : 0x3a04f9000000000000000000000000002fc4506354166e8b9183fbb6a68cd9c5f3fb9bc50000000000000000000000000000000000000000000000000000000000000002