PIR #6: Update the list of Paladin tokenomic LOOT gauges

Paladin Integration Request (PIR)
1

TL;DR

Update the PAL tokenomic LOOT gauge list, to remove old deprecated and add newly created

Context

With the recent skyrocket of the PAL token, the LOOT tokenomic has benefited from a sharp increase in value of the PAL side of the rewards, going from approximately $8,000 to $35,000, in addition to the 0.5 ETH distributed bi-weekly.

In order to optimize the distribution of these rewards to active and fees generating pools, we propose the following update of the LOOT gauge list

Note: We encourage users to reallocate their hPAL votes from stagnant Gauge, like Bunni, to more active pools such as those on the CVX (Curve) and AURA (Balancer) markets. By doing so, the Paladin’s auto-voter can better prioritize Quests over competitors because of enhanced yield offers for voting by the Tokenomic 2.0.

Note 2: We also recommend that $hPAL lockers delegate their boost power to Paladin’s auto-voter when simultaneously delegating vlAURA/vlCVX. This strategy allows participants to fully capitalize on the new tokenomics ecosystem.

Rationale

List of Gauges to remove/deprecate:

  • PAL/ETH (Curve):

Pool: 0x75a6787c7ee60424358b449b539a8b774c9b4862

Curve Gauge: 0x4fb13b55d6535584841dbbdb14edc0258f7ac414

This is the former Paladin protocol owned liquidity pool on Curve, to be deprecated.

  • FRAX/PAL (Bunni):
  • GRAIL/USDC (Bunni):
  • DOLA/USDC (Bunni):
  • INV/DOLA (Bunni):

List of Gauges to add/enable:

  • wETH/GHO/cbBTC (Curve)

Pool: 0x8a4f252812dFF2A8636E4F7EB249d8FC2E3bd77f

Convex Gauge: 0x1E4B83f6bFE9dbeB6d5b92a5237E5c18a44176f4

  • USDC/USDT/GHO (Balancer)

pool: 0x8353157092ed8be69a9df8f95af097bbf33cb2af

Balancer gauge: 0xf720e9137baa9c7612e6ca59149a5057ab320cfa

  • USDC/GHO ECLP (Balancer)

pool: 0x3932b187f440ce7703653b3908edc5bb7676c283

Balancer gauge: 0xa2f8bd6b95a0cb9094206075504cd0ed1cc717be

  • USDCn/waGHO (Balancer)

pool: 0x46472cba35e6800012aa9fcc7939ff07478c473e

Balancer gauge: 0x6e654787251ae77fe1873f93a5f220e00afa90e8

  • USDL/waGHO (Balancer)

pool: 0xab297f94235de777b85024ed1208ff43852385d9

Balancer gauge: 0xcc014e60585259da1c8501b00789521659e7a4fc

Voting Options:

For / Against / Abstain

1 Like
2

Just noticed this proposal wasn’t published on snapshot yet, any reason ?

Make sense to onboard these new gauges. Also, would be great to have the ability to hide the old ones from the UI so it’s clearer for everyone.