Summary

This proposal requests the creation of a Hermes gauge for the ynRWAx / USDC Uniswap v3 pool on Arbitrum. This will enable YieldNest to direct incentives and bribes toward deepening liquidity for ynRWAx, accessible from any connected chain. Establishing this gauge supports efficient entry/exit and long-term growth of YieldNest's RWA MAX.

Why ynRWAx

• ynRWAx is one of YieldNest’s newest MAX Vaults, offering real-world yield with fully transparent on-chain accounting.

• YieldNest is a well-established protocol with strong user adoption and a robust, audited infrastructure.

You can learn more about ynRWAx here.

Strategic Alignment

• Enables YieldNest to rent and incentivize liquidity through bribes.

• Bootstraps a deep and efficient market for ynRWAx on Arbitrum.

• Aligns Hermes with the YieldNest ecosystem.

• Expands Hermes’ presence in the rapidly growing on-chain RWA sector.

• With YN products deployed across multiple chains, managing separate incentive programs can be resource-intensive. Making unified liquidity rental a perfect match to reduce costs and minimize operational overhead.

Proposed Gauge

• Pair: ynRWAx / USDC

• Fee Tier: 0.05%

• UniV3 Pool: 0x6adebB7945C8A15C5046E678d163B408E433F4F9

Governance Details

This proposal will follow the standard Hermes Gauge approval governance process:

1. Temperature Check (3 days):

   Open forum discussion and early sentiment gathering.

2. On-Chain Vote (3 days):

   Formal token-holder vote through the governance module.

3. Execution Queue (2 days):

   Mandatory delay before execution to allow final review or veto mechanisms.

If successful, the gauge will be created and become eligible for incentives immediately after the execution window.

Conclusion

Adding a ynRWAx gauge strengthens Hermes’ position within the RWA ecosystem, builds alignment with a credible long-term partner, and supports liquidity for a high quality real-world yield asset. This gauge will allow YieldNest to place sustained incentives, benefitting both ecosystems and improving capital efficiency for users.