Balancer

Motivation

Balancer currently has 50+ active gauges. The vast majority of these were grandfathered in when veBAL launched and many have never gotten votes. I propose to remove all gauges that meet both criteria below:

• Gets less than 0.1% of the vote
• 80/20 pool that is not the primary source of liquidity

Plus removing all gauges with exactly 0% of the vote unless recently approved in a gauge vote. These gauges are not likely to ever drive value to the protocol so there’s no reason to have them on the voting list. If desired, anyone can pursue a proposal to re-activate a gauge from this list in the future.

A full list of gauges to be killed:

• 80 THX / 20 USDC (Polygon)
• 80 GMX / 20 WETH (Arbitrum)
• 80 MTA / 20 WETH (Ethereum)
• 80 UNN / 20 WETH (Ethereum)
• 80 BANK / 20 WETH (Polygon)
• 80 VISION / 20 WETH (Polygon)
• 50 USDC / 50 WETH (Polygon)
• 80 SAND / 20 WMATIC (Polygon)
• USDC/TUSD/DAI/USDT stable (Polygon)
• USDC/FRAX/USDT/UST stable (Polygon)
• 33 AVAX / 33 WETH / 33 SOL (Polygon)
• 40 WMATIC / 40 MTA / 20 WETH (Polygon)
• 60 MCB / 40 WETH (Arbitrum)
• 80 GNO / 20 WETH (Arbitrum)
• DAI/USDT/USDC stable (Arbitrum)
• 80 TCR / 20 WETH (Arbitrum)
• 80 LINK / 20 WETH (Arbitrum)
• 80 MAGIC / 20 WETH (Arbitrum)
• 80 GRO / 20 WETH (Ethereum)
• 50 SILO / 50 WETH (Ethereum)
• 50 WETH / 50 USDT (Ethereum)
• 50 UMA / 50 USDC (Ethereum)

Specification

If approved, the DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the AuthorizerAdaptor at 0x8F42aDBbA1B16EaAE3BB5754915E0D06059aDd75 and call performAction using 0xab8f0945 for the data(bytes) argument and the following list of contracts for the target(address) argument. Each contract will be its own transaction, thus there will be a total of 22 transactions.

80 THX / 20 USDC (Polygon) -> 0x6D73Df7aFC4e0144DeC3BE083dFA3882E53c5BA5 80 GMX / 20 WETH (Arbitrum) -> 0x3fDb6fB126521A28f06893F9629DA12f7B7266Eb 80 MTA / 20 WETH (Ethereum) -> 0xbeC2d02008Dc64A6AD519471048CF3D3aF5ca0C5 80 UNN / 20 WETH (Ethereum) -> 0x8F4a5C19A74D7111bC0e1486640F0aAB537dE5A1 80 BANK / 20 WETH (Polygon) -> 0x022A843fFeE5A6FE1646C980b94286ef0D05F759 80 VISION / 20 WETH (Polygon) -> 0xAb6efd2882BB25c732Bf0A5f8d98BE752f0DdAAF 50 USDC / 50 WETH (Polygon) -> 0x45012035a728b0a9B344036e6bff6c775EE09769 80 SAND / 20 WMATIC (Polygon) -> 0xDaE03Cd2ec908710E98ffc5f4Ff540Fe2c5C1e17 USDC/TUSD/DAI/USDT stable (Polygon) -> 0xb5ad7d6d6F92a77F47f98C28C84893FBccc94809 USDC/FRAX/USDT/UST stable (Polygon) -> 0xA6359EB485d23412EB40f1F0Dbd80e1A4Fe87e6b 33 AVAX / 33 WETH / 33 SOL (Polygon) -> 0xCBbd866835433C620059129aaf12EE9c59dbC0d7 40 WMATIC / 40 MTA / 20 WETH (Polygon) -> 0xE32080A12723e5b8f1b0cEd1F308FE2f9cF7e3c9 60 MCB / 40 WETH (Arbitrum) -> 0xf30dB0Ca4605e5115Df91B56BD299564dcA02666 80 GNO / 20 WETH (Arbitrum) -> 0x981Fb05B738e981aC532a99e77170ECb4Bc27AEF DAI/USDT/USDC stable (Arbitrum) -> 0xE0b50B0635b90F7021d2618f76AB9a31B92D0094 80 TCR / 20 WETH (Arbitrum) -> 0x05e7732bF9ae5592E6AA05aFE8Cd80f7Ab0a7bEA 80 LINK / 20 WETH (Arbitrum) -> 0x435272180a4125f3B47c92826F482FC6cc165958 80 MAGIC / 20 WETH (Arbitrum) -> 0x785F08fB77ec934c01736E30546f87B4daccBe50 80 GRO / 20 WETH (Ethereum) -> 0x7A89f34E976285b7b885b32b2dE566389C2436a0 50 SILO / 50 WETH (Ethereum) -> 0xD61dc7452C852B866c0Ae49F4e87C38884AE231d 50 WETH / 50 USDT (Ethereum) -> 0xdB7D7C535B4081Bb8B719237bdb7DB9f23Cc0b83 50 UMA / 50 USDC (Ethereum) -> 0xf4339872Ad09B34a29Be76EE81D4F30BCf7dbf9F