Balancer

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/2364

Summary:

Proposal to add the tAVAX-waAvaSAVAX Pool on the Avalanche blockchain to the Gauge Controller, enabling users to assign gauge weight and mint BAL.

References/Useful links:

Link to: • Pool Link: https://snowscan.xyz/address/0x832f8e068e92d56b94205ea605e5cdaa7cded1f0 • Gauge Link: https://snowscan.xyz/address/0x746db23a0b49e002697fad244c281a36b86b1b01 • Website: https://treehouse.finance/ • Documentation: https://docs.treehouse.finance/protocol • Github Page: https://github.com/treehouse-gaia/ • Discord communities: https://discord.gg/treehousefi • Twitter: https://x.com/TreehouseFi

Protocol Description:

Treehouse Protocol, a digital assets infrastructure firm and the decentralized arm of Treehouse Labs, is at the forefront of revolutionizing the decentralized fixed income market.

Treehouse introduces tAssets, a liquid staking token 2.0 that empowers users to participate in the convergence of on-chain interest rates while retaining the flexibility to engage in DeFi activities.

Treehouse also pioneers the Decentralized Offered Rates (DOR) consensus mechanism for benchmark rate setting, enabling a range of fixed income products and primitives in digital assets.

tAVAX is a liquid staking strategy built by Treehouse that combines BENQI (for AVAX staking into sAVAX) and AAVE v3 (for lending/borrowing) to generate yield. Users deposit AVAX into Treehouse, which is staked on BENQI for sAVAX; this sAVAX is supplied to AAVE, allowing Treehouse to borrow AVAX against it, restake it into BENQI, and repeat the loop. The resulting vault issues tAVAX, a yield-bearing token backed by sAVAX, with deposits accepted in AVAX, WAVAX, or sAVAX, and withdrawals settled in sAVAX.

Motivation:

Given that tAVAX redemptions face BENQI’s 15+2 day unstaking delay, exiting from tAVAX has to be primarily supported with this tAVAX/sAVAX Balancer pool.

Treehouse Protocol aims to strengthen its presence within the Balancer ecosystem on Avalanche by incentivizing liquidity for said tAVAX/sAVAX pool. The pool forms an avenue for users to instantly enter or exit from their tAVAX positions, with sAVAX serving as the primary routing asset. By establishing deep liquidity for tAVAX-sAVAX swaps, the pool improves token accessibility, trading efficiency, and overall capital utilization across the ecosystem.

A Balancer gauge for this pool would direct BAL emissions toward it, driving sustained liquidity growth. This supports lower slippage, more efficient swaps, and positions Balancer as the primary liquidity hub for tAVAX on Avalanche Mainnet.

Specifications:

1. Audits: https://github.com/treehouse-gaia/audit-report

2. Value: This pool will serve as a primary DeFi liquidity hub for tAVAX/sAVAX.

Technical Specifications: The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments: gauge(address): 0xf53b66d40d166eb8f6e33ba2cd4af35c81a4c6c2 gaugeType(string): Avalanche