Purpose

This proposal authorizes a trial effort to migrate a portion of GEAR liquidity from Curve to CoW AMM. The trial aims to evaluate the effectiveness and long-term benefits of CoW AMM for the Gearbox ecosystem, particularly its potential to generate additional revenue for liquidity providers through its innovative design.

Execution

The following steps would be executed:

1. Deploy a GEAR/WETH pool on CoW AMM with a target TVL of $500k.
2. Fund 2M GEAR as liquidity incentives on CoW AMM.
3. Added incentives from CoW DAO and Balancer, targeting 10% APY up to $500k in TVL.
4. Run the trial for a 2-month period.
5. Conduct evaluation at the end of the trial period. A dedicated Dune dashboard will be provided to track the GEAR/WETH CoW AMM pool performance.

Details

• Pool: GEAR/WETH on CoW AMM
• Target TVL: $500k
• Incentive Rate: Targeting 10% APY in BAL and additional GEAR incentives
• Incentive Source: GEAR and BAL
• Trial Duration: 2 months
• Evaluation Metrics:
  • Actual liquidity migration
  • Trading volume
  • Performance
  • User adoption
  • Any additional benefits observed

Marketing Collaboration

1. Gearbox to promote the new CoW AMM pool to its community through:
   • Social media announcements (Twitter, Discord, Telegram, etc.)
   • Community calls or AMAs about CoW AMM
   • Inclusion in newsletters or other regular community updates
2. CoW AMM to provide marketing support:
   • Feature Gearbox in ongoing marketing campaigns
   • Collaborative content creation
   • Cross-promotion opportunities

Reasoning and Long-Term Benefits