**Summary:**
This proposal enables the following gauges on Gnosis:
wstETH/WETH (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xbad20c15a773bf03ab973302f61fabcea5101f0a000000000000000000000034), [child gague](https://gnosisscan.io/address/0x27519f69b2ac912aeb6fe066180fb25a17c71755), [gauge](https://etherscan.io/address/0xf8C85bd74FeE26831336B51A90587145391a27Ba)
EURe/bb-ag-USD (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xa611a551b95b205ccd9490657acf7899daee5db700000000000000000000002e), [child gague](https://gnosisscan.io/address/0xef42d000a3e85c4e71c57e2c6a1e600e86f5a91b), [gauge](https://etherscan.io/address/0x21a99f1AfC75249F6F3e7b5D3e97D3C8c0CF0f3e)
EURe/agEUR (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0x5c78d05b8ecf97507d1cf70646082c54faa4da95000000000000000000000030), [child gague](https://gnosisscan.io/address/0x210abdfd989f3ee5c08614a8f4e096cf8408f5df), [gauge](https://etherscan.io/address/0x7F75ecd3cFd8cE8bf45f9639A226121ca8bBe4ff)
WETH/BAL/GNO/WXDAI (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xa99fd9950b5d5dceeaf4939e221dca8ca9b938ab000100000000000000000025), [child gague](https://gnosisscan.io/address/0xc092e0a4f5a2adf3cf91e27cf4b7d7917d12ca2b), [gauge](https://etherscan.io/address/0xBDB1c661ce1c3d85f8cDA1aFF73C5c860d559947)
COW/GNO (2% cap) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0x21d4c792ea7e38e0d0819c2011a2b1cb7252bd9900020000000000000000001e), [child gague](https://gnosisscan.io/address/0x91151ba698253e24c23a754d94f94049a17e8084), [gauge](https://etherscan.io/address/0xc61e7E858b5a60122607f5C7DF223a53b01a1389)
**References/Useful links:**
> Gnosis:
• [Website](https://www.gnosis.io/)
• [Documentation](https://docs.gnosischain.com/)
> CowSwap:
• [Website](https://cow.fi/)
• [Documentation](https://docs.cow.fi/)
• [Github Page](https://github.com/cowprotocol)
> Monerium:
• [Website](https://monerium.com/)
• [Documentation](https://monerium.dev/)
• [Github Page](https://github.com/monerium/)
> Angle:
• [Website](https://www.angle.money/)
• [Documentation](https://docs.angle.money/overview/readme)
• [Github Page](https://github.com/AngleProtocol/)
**Protocol Description:**
GNO: the token of GnosisDAO, which operates Gnosis Chain.
COW: the token of CowSwap the Coincidence-Of-Wants DEX.
EURe: EUR stablecoin by Monerium, regulated in the European Union.
agEUR: CDP EUR by Angle Protocol.
wxDAI: when bridging DAI to Gnosis Chain, xDAI is minted on the Gnosis Chain. Given that xDAI is the native token of GC, it needs to be wrapped to become ERC20 compatible - just as with ETH on mainnet.
bb-ag-usd: Balancer Boosted Agave USD, see: https://forum.balancer.fi/t/bip-201-enable-bb-ag-usd-gauge-gnosis/4441
**Motivation:**
The reason behind incentivizing these pools is to enhance liquidity, promote user adoption, and ensure efficient trading for the corresponding assets. Providing incentives can attract more participants, reduce slippage, and improve trade execution. Additionally, this could foster further integration and synergies between Gnosis, Balancer, CowSwap, Monerium, and Angle protocol.
This strategy follows GnosisDAOs goal to boost the DeFi ecosystem on the Gnosis Chain by creating a set of base pools with gauges similar to what other chains have previously done. Balancer is already positioned at the core of the Gnosis DeFi ecosystem with over $14M of TVL, we expect this TVL to increase significantly over the next months partially also due to these proposed gauges.
**Specifications:**
1. **Governance:** Find more information about GnosisDAO governance [here](https://forum.gnosis.io/latest), Cow governance [here](https://forum.cow.fi/latest), Angle governance [here](https://gov.angle.money/latest), MakerDAO governance [here](https://start.makerdao.com/). USDC, USDT and EURe are centralized and don’t have governance.
2. **Oracles:** the EURe/bb-ag-USD and wstETH/WETH each use a Chainlink oracle as rate provider.
3. **Audits:** N.A.
4. **Centralization vectors:** There are centralization risks with USDC, DAI, and EURe though the market has clearly accepted those as minor for now.
5. **Market History:**
wstETH/WETH (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xbad20c15a773bf03ab973302f61fabcea5101f0a000000000000000000000034), [child gague](https://gnosisscan.io/address/0x27519f69b2ac912aeb6fe066180fb25a17c71755), [gauge](https://etherscan.io/address/0xf8C85bd74FeE26831336B51A90587145391a27Ba)
EURe/bb-ag-USD (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xa611a551b95b205ccd9490657acf7899daee5db700000000000000000000002e), [child gague](https://gnosisscan.io/address/0xef42d000a3e85c4e71c57e2c6a1e600e86f5a91b), [gauge](https://etherscan.io/address/0x21a99f1AfC75249F6F3e7b5D3e97D3C8c0CF0f3e)
EURe/agEUR (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0x5c78d05b8ecf97507d1cf70646082c54faa4da95000000000000000000000030), [child gague](https://gnosisscan.io/address/0x210abdfd989f3ee5c08614a8f4e096cf8408f5df), [gauge](https://etherscan.io/address/0x7F75ecd3cFd8cE8bf45f9639A226121ca8bBe4ff)
WETH/BAL/GNO/WXDAI (uncapped) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0xa99fd9950b5d5dceeaf4939e221dca8ca9b938ab000100000000000000000025), [child gague](https://gnosisscan.io/address/0xc092e0a4f5a2adf3cf91e27cf4b7d7917d12ca2b), [gauge](https://etherscan.io/address/0xBDB1c661ce1c3d85f8cDA1aFF73C5c860d559947)
COW/GNO (2% cap) [pool](https://app.balancer.fi/#/gnosis-chain/pool/0x21d4c792ea7e38e0d0819c2011a2b1cb7252bd9900020000000000000000001e), [child gague](https://gnosisscan.io/address/0x91151ba698253e24c23a754d94f94049a17e8084), [gauge](https://etherscan.io/address/0xc61e7E858b5a60122607f5C7DF223a53b01a1389)
agEUR saw a depeg due to the Euler exploit but has since recovered peg and adjusted its protocol to reduce risk exposure.
Sign in with Wallet
Connect another wallet