# \[Gauges\] - Proposal to add Euler Senior PYTs

**URL:** <https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016>\
**Category:** 🎛 Gauges\
**Created:** [July 8, 2022, 1:20pm UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016 "2022-07-08T13:20:25Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Seraphim\_Czecker](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/seraphim_czecker/32/799_2.png) [@Seraphim\_Czecker](https://gov.pareto.credit/u/Seraphim_Czecker)\
**Post date:** [July 8, 2022, 1:20pm UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016/1 "2022-07-08T13:20:25Z")

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## Abstract

This is a proposal to add a Euler DAI, USDC and USDT PYT Senior tranche gauge to Idle.

## Background

Euler is a decentralised lending protocol that brings key innovations to DeFi like permissionless listing, market-based liquidations and much more.

The protocol has launched on mainnet in December 2021 and so far ha steady TVL of $210-250 million with most liquidity in WETH, WSTETH, USDC, DAI, WBTC and USDT.

The protocols was audited and rely on an open source codebase. As for Euler audits, they can be found here: [Security Overview | Euler Docs](https://docs.euler.finance/security/audits)

## Motivation

A gauge on this pool with help incentivize senior lenders to come on top of Euler, thus creating opportunities for other junior lenders to join the pool, and hence using the Idle product for what it’s been truly built for.

Euler is also one of the best places where to get yield on stables given the tech but also the liquidity mining programme that bootstraps lending APYs.

## Specifications

The Euler USDC/DAI/USDT senior pool has already been deployed by the Idle team. It is available here:

[https://app.idle.finance/#/tranches/senior/euler/USDC](https://app.idle.finance/#/tranches/senior/euler/USDC)  
[https://app.idle.finance/#/tranches/senior/euler/DAI](https://app.idle.finance/#/tranches/senior/euler/DAI)  
[https://app.idle.finance/#/tranches/senior/euler/USDT](https://app.idle.finance/#/tranches/senior/euler/USDT)

## Next Steps

The forum proposal will be moved to the temperature check phase after 3 days of discussion.

### Voting Options

Please cast your vote on one of the following options:  
**FOR** : Approve Euler Senior PYTs whitelisting  
**AGAINST** : Vote against Euler Senior PYTs whitelisting  
**DISCUSS MORE** : Discuss more the proposal

This poll is available for both [$IDLE token holders](https://snapshot.org/#/idlefinance.eth) and [stkIDLE holders](https://snapshot.org/#/staking.idlefinance.eth).  
The final $IDLE voting weights will be calculated using the [approved calculator](https://docs.google.com/spreadsheets/d/1BnH9boRmBADuyquvDMh0AmQfF97Zj76sIENKtySLU8o/edit?usp=sharing).

**Links** :  
stkIDLE:  
[https://snapshot.org/#/staking.idlefinance.eth/proposal/0x7d35ca036d2e0accbc070ce29b5d34beb0be36d8454c833aa3ce96b5510a7daa](https://snapshot.org/#/staking.idlefinance.eth/proposal/0x7d35ca036d2e0accbc070ce29b5d34beb0be36d8454c833aa3ce96b5510a7daa)  
IDLE:  
[https://snapshot.org/#/idlefinance.eth/proposal/0xbaada54a534973aa674747f95b9aa4b1c1d2a560e57fb811334d98556a446aed](https://snapshot.org/#/idlefinance.eth/proposal/0xbaada54a534973aa674747f95b9aa4b1c1d2a560e57fb811334d98556a446aed)

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**Author:** ![Davide](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/davide/32/3_2.png) [@Davide](https://gov.pareto.credit/u/Davide)\
**Post date:** [July 11, 2022, 10:17am UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016/2 "2022-07-11T10:17:08Z")

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Great proposal @Seraphim_Czecker

We are proud to collaborate with Euler, which is improving the lending landscape with a vast suite of trading tools and new security approaches.

The whitelisting of Euler Senior PYTs would be an important step to strengthen the relationship between the DAOs and foster liquidity provision on Euler markets 💪

Looking forward to hearing more during the [Twitter Space](https://twitter.com/idlefinance/status/1545394303719047171) planned for tomorrow!

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**Author:** ![emixprime](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/emixprime/32/710_2.png) [@emixprime](https://gov.pareto.credit/u/emixprime)\
**Post date:** [July 11, 2022, 10:47am UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016/3 "2022-07-11T10:47:30Z")

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Hey @Seraphim_Czecker, excited to read this proposal, looking forward to voting on this 🚀

This whitelisting represents surely a crucial step in the collaboration between Euler and Idle DAO 🤝

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**Author:** ![Seraphim\_Czecker](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/seraphim_czecker/32/799_2.png) [@Seraphim\_Czecker](https://gov.pareto.credit/u/Seraphim_Czecker)\
**Post date:** [July 12, 2022, 1:49pm UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016/5 "2022-07-12T13:49:59Z")

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**Voting Links** :  
stkIDLE:  
[https://snapshot.org/#/staking.idlefinance.eth/proposal/0x7d35ca036d2e0accbc070ce29b5d34beb0be36d8454c833aa3ce96b5510a7daa](https://snapshot.org/#/staking.idlefinance.eth/proposal/0x7d35ca036d2e0accbc070ce29b5d34beb0be36d8454c833aa3ce96b5510a7daa)  
IDLE:  
[https://snapshot.org/#/idlefinance.eth/proposal/0xbaada54a534973aa674747f95b9aa4b1c1d2a560e57fb811334d98556a446aed](https://snapshot.org/#/idlefinance.eth/proposal/0xbaada54a534973aa674747f95b9aa4b1c1d2a560e57fb811334d98556a446aed)

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**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\
**Post date:** [July 20, 2022, 1:53pm UTC](https://gov.pareto.credit/t/gauges-proposal-to-add-euler-senior-pyts/1016/6 "2022-07-20T13:53:50Z")

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Snapshot approved! 🥳

 ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/1X/739ecda51e5a3c1778d1ec78d40494cf57793b4e.jpeg)

Euler Senior PYTs can now be added to Idle Gauges 🏗
