About: Implementing the standard for investing funds into Balancer pools and its first implementation for an ETH pool
Is your proposal related to a problem?
No problem, just enabling the protocol
Describe the solution you'd like
To go along with the IbAlluoETH we need to enable the DAO to invest funds into ETH pools, at the same time, it would be ideal to add the ability for the DAO to have access to all the pools on Balancer.finance.
The Strategy should be able to invest and unwind strategies invested into Balancer pools.
To unwind, we first need to unstake, then withdraw (WIP @0xtuytuy to update the tx on here), this will be linked to https://github.com/GetAlluo/alluo-exchange/issues/7 in the exchange repo where the strategy should also use Exchange.sol to convert the rETH into ETH directly.
alexanderem49
commented
2 years ago
Summary
Is your proposal related to a problem?
No problem, just enabling the protocol
Describe the solution you'd like
To go along with the IbAlluoETH we need to enable the DAO to invest funds into ETH pools, at the same time, it would be ideal to add the ability for the DAO to have access to all the pools on Balancer.finance.
The Strategy should be able to invest and unwind strategies invested into Balancer pools.
The first implementation should be this pool: https://app.balancer.fi/#/pool/0x1e19cf2d73a72ef1332c882f20534b6519be0276000200000000000000000112
Balancer seems pretty standard, you are able to enter all Balancer pools via the Balancer vault here: https://etherscan.io/address/0xba12222222228d8ba445958a75a0704d566bf2c8#code
by simply calling
joinPool()and passing the poolId. Ideally when executing the Votes, we should not need to know the actual pool ID and this should be stored somewhere by the VoteExecutor. Here is an example tx: https://etherscan.io/tx/0xff2f8c98075e68c6652a14fa7092227ad8a36396e493b5a0262fe79ab359d807To get the max APY, on some pools, we need to have the option to stake the APY, the Strategy should be able to handle this as an input, here are the 2 tx to stake the ETH lp: https://etherscan.io/tx/0x0ecb9ca5f1600aca80fbdaef6a1ee91a1e0911c498e0f111edec7ad92f5a73fb https://etherscan.io/tx/0xc421fedd73cbc523ad53d7a349886ce2b482eda5ec2c0166ca5ad299b5e625a9
To unwind, we first need to unstake, then withdraw (WIP @0xtuytuy to update the tx on here), this will be linked to https://github.com/GetAlluo/alluo-exchange/issues/7 in the exchange repo where the strategy should also use Exchange.sol to convert the rETH into ETH directly.
Additional context