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closedEnded 3 years ago ยท Snapshot (Offchain)

BIP-388: Wire up Base Chain in preparation for launch

By 0x512f...C0f5F3

Payload PR - BIP-388

https://github.com/BalancerMaxis/multisig-ops/pull/405

Background

Contracts are deployed, and everything is looking good for Balancers launch on Base Chain. This BIP includes a number of final steps that must be taken to get everything working.

Along with the typical wireup of permissions, the Gauge Factory and Authorizer Wrapper are also being configured, and a 50% protocol fee is being set.

English Specification

The transaction details for base.json were generated by this script with inputs and outputs in this directory

The following files can be found both linked below and in the payload PR linked above:

FilenameDescription of Contents
inputs.jsonThe inputs to the script mapping functions and deployments to target addresses that can execute them.
results_address_sorted.mdThe resulting changes printed in a table sorted by target chain and target address. (to easily understand permisisons granted)
results_deployment_sorted.mdThe resulting changes printed in a table sorted by target chain and target deployment. (for verification against action ids)
function_descriptions.mdA table that describes what each function that is being granted privileged access to allows.
base.jsonPermissions Changes on base described by the outputs above
BIP-388A.jsonSets 50% Protocol Fees on Base Chain as per current standards
BIP-388B.jsonWires up the Gauge Factory to allow Gauges receive bal.
BIP-388C.jsonEnables the Authroizer Wrapper - see BIP-277

More information about the various Balancer Multisigs and their functions can be found in the multisig-ops repo

Specification

  • base.json applies the standard permissions described in the tables above.
  • BIP-388A.json sets protocol fees to 50% for swaps and yields (types 0 and 2)
  • BIP-388B.json Wires the Gauge Factory up to the Psuedominter, adding and removing permisisons to do so in the process.
  • BIP-388C.json Enables the authorizer wrapper, adding and removing permissions to do so in the process.

Risk Assessment

This is all part of the standard process for provisioning a new chain. There are currently no deposits on base chain, this presents to risk to current protocol operations.

References

Balancer Deployments BAL Addresses

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0
Votes 77
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0x9f74...0dD68e
275,642

100% for Yes, let's do it

0xff02...9E1751
109,116

100% for Yes, let's do it

0x25B7...057Fa6
108,229

100% for Yes, let's do it

StableNode
79,402

100% for Yes, let's do it

0x4032...a8945f
6,132

100% for Yes, let's do it

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Proposal Status
  • Thu July 27 2023, 06:15 pmVoting Period Starts
  • Mon July 31 2023, 06:15 pmEnd Voting Period
Current Results

1-Yes, let's do it

3.797M

2-No, this is not the way

0.017

0%

3-Abstain

0.017

0%
Quorum 3.797M/2M
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