Proposal to add EYWA/USDT pool on Arbitrum to the Gauge Controller

Gauge Proposals
#1

Summary:

Proposal to add EYWA/USDT pool on Arbitrum to the Gauge Controller to enable users to assign gauge weight and mint CRV.

Pool/Token: 0x6579758e9e85434450d638cfbea0f2fe79856dda
Gauge: 0xae0f794bc4cad74739354223b167dbd04a3ac6a5

References/Useful links:

Protocol Description:

Eywa is an ecosystem that facilitates communication between blockchains and comprises two major components:

Consensus bridge - a trustless token and data bridge that uses the consensus of the most secure data transfer protocols in the market for transaction verification, such as Axelar, Chainlink CCIP, L0, Wormhole.

CrossCurve - an innovative cross-chain trading and yield protocol that addresses the issue of fragmented liquidity through the use of Curve Finance’s deep liquidity pools, the world’s largest decentralized exchange.

Our mission is to unite the fragmented DeFi market. We aim to enable the industry to reach a new level of maturity and adapt DeFi for the masses. We intend to make decentralized finance efficient, simple, convenient, and understandable, even for beginners. To this end, we are dedicated to simplifying the user experience of interacting with DeFi as much as possible.

At the same time, it is extremely important to us that decentralized finance remains truly decentralized, and we do not wish to compromise on this principle, as many do.

Eywa gives users the ability to quickly and economically exchange assets across different networks and provides yield farming for liquidity providers.

Motivation:

Eywa aims to strengthen the liquidity of its governance token, EYWA, to enhance accessibility, increase demand, and ensure more efficient swaps. This also provides EYWA holders with opportunities to earn yield on their positions.

As a cornerstone of the modern DeFi ecosystem, Curve offers excellent visibility and integration with other projects. Creating a pool with a gauge that earns CRV and incentivizing it on Curve will deepen EYWA liquidity, solidify its position as a governance and utility token, and establish EYWA as a significant participant in the Curve ecosystem.

To achieve this, the DAO has allocated a budget for EYWA token bribes for the EYWA/USDT pool, aiming to attract liquidity and increase the pool’s prominence within the Curve ecosystem.

Governance:

EYWA DAO — is a democratic, transparent, and decentralized organization that makes strategic decisions, engages participants, and incentivizes their contributions.

The goal of EYWA DAO is to create long-term incentives for attracting sustainable cross-chain liquidity, as well as to accumulate and manage the protocol’s own liquidity to ensure better conditions for cross-chain swaps in the market.

DAO governance is based on locking the EYWA governance token into veEYWA, which grants voting power. This voting power allows veEYWA holders to participate in decision-making, receive incentives, and earn income from EYWA protocols.

Oracles:
EYWA does not rely on any external pricing oracles.

Audits:
EYWA Security & Audits

Market History:
On December 20, 2024, the EYWA token, the governance token of Eywa DAO, began trading on Curve DEX, which became the main on-chain platform for its listing and trading. This event marked a key milestone in the project’s development, enabling DAO participants to actively shape the protocol’s future.

1 Like