Proposal to add USDGLO/superOETHb to the Gauge Controller

Gauge Proposals
#1

Summary

Proposal to add USDGLO/superOETHb to the Gauge Controller.

Origin Protocol is taking the rapidly growing superOETHb and bringing it to Curve. You can learn more about the growth of superOETHb on our analytics page.

superOETHb now has Yield Forwarding and Pool Booster enabled to help drive more incentives for the pool, leading to deeper liquidity and improved LP earnings. This is one of the new Yield Forwarding and Pool Booster pools.

References/Useful links:

superOETH:

Glo Dollar:

On Curve:

Protocol Description:

Origin Protocol is a suite of complimentary DeFi products designed to increase economic opportunity for all. These permissionless and composable smart contracts provide superior user experiences across DeFi in a groundbreaking multichain yield ecosystem.

Glo Dollar is a stablecoin that funds public goods. With Glo Dollar, you can help fund public goods and charitable causes just by holding a stablecoin. It’s a new, donationless form of philanthropy.

Motivation:

Origin Protocol is heavily involved in the Curve ecosystem with OUSD and OETH pools holding tens of millions in TVL. Glo Dollar is new to the Curve ecosystem but is interested in participating in the flywheel. By approving this gauge, the underlying yield from the superOETH in the USDGLO/superOETHb will be sent back to Curve as an incentive on the pair, activating the Curve flywheel. With yield forwarding turned on, half of the underlying superOETH yield will be continuously sent back to Curve for as long as there is liquidity in the pool, and as long as the gauge is live.

Specifications:

superOETHb

  1. Governance: superOETHb is governed by xOGN holders with any upgrades to the contracts being time-delayed by a 48-hour timelock.
  2. Oracles: Origin Protocol uses Chainlink for WOETH price feeds and has a DIA oracle for superOETHb
  3. Audits: superOETHb code is well audited with OpenZeppelin and Certora auditing the latest changes to add Yield Forwarding to the codebase.
  4. Centralization vectors: superOETHb is a decentralized stablecoin backed by WETH and WOETH. ETH backing WOETH is staked on the beacon chain.
  5. Market History: superOETHb was launched in 2024 and currently has more than $105M in TVL.

USDGLO

  1. Governance: 1 USDGLO = 1 Vote for where profits are donated. You can vote at app.glodollar.org
  2. Oracles: no oracle yet but working in the preliminary stage with Pyth for an oracle.
  3. Audits: Audits can be found at: Smart contract audits
  4. Centralization vectors: Glo Dollar is backed 1:1 with cash and US T-Bills. The issuer is Brale
  5. Market History: Glo Dollar was launched as a stablecoin in June 2023 and is live on 7 chains

Vote

We would be grateful if someone could assist with putting this gauge up for vote for us. Thank you for your support