This proposal, if approved, will **LAUNCH GIGAETH.**

The individual steps of the proposal are:

* register GIGAETH in asset registry
* register aETH in asset registry
* register 2-Pool-GETH in asset registry
* add GIGAETH as collateral to Supply & Borrow
* add ETH as collateral to Supply & Borrow and enable borrowing
* setup ETH e-mode, assets: ETH, 2-Pool-GETH
* create stableswap `103` with peg with assets aETH & wstETH, maxPegUpdate: `0.0003%`
* add ETH to Supply & Borrow from the Treasury
* transfer aETH from the Treasury to the Omnipool account
* transfer wstETH from the Treasury to the Omnipool account
* The Omnipool account adds wstETH and aETH to stableswap pool `103`
* The Omnipool account sell all received shares for GETH 
* adds all received GETH to the Omnipool (addToken), with price: `127.505_454_545_454` [H2O]
* adds GETH and 2-Pool-GETH as fee payment asset
* setup global farm distributing GDOT
* setup yield farm incentivizing GETH
* forceSetRoute LRNA->GDOT so LM can use routed price adjustment

*If you're trying to decode the call data, this is not possible on Hydration until `v39.0.0` release is executed - in the meantime you can decode it on `wss://3.lark.hydration.cloud`*

- A new project called GIGAETH is being proposed.  
- It will register new assets like GIGAETH, aETH, and 2-Pool-GETH.  
- ETH and GIGAETH will be added as collateral for borrowing.  
- A special stableswap pool will be created for aETH and wstETH.  
- The Omnipool will manage and trade these assets.  
- GETH will be added to the Omnipool with a set price.  
- Rewards (GDOT) will be given to users who participate.  
- The proposal needs a software update to work fully.

Executed

Submitted

DecisionDepositPlaced

DecisionStarted

ConfirmStarted

Confirmed

whitelisted_caller

Launch GIGAETH

root

referendum_canceller

referendum_killer

general_admin

treasurer

spender

tipper

omnipool_admin

economic_parameters

Origin able to dispatch a whitelisted call.

 Origin for spending very high amounts of HDX(<= 50M HDX) from the treasury as well as generally administering it.

Origin able to spend up to 2,222,222 HDX from the treasury at once.

Origin able to spend up to 50K HDX from the treasury at once.

Origin able to perform specific Omnipool-related actions.