Summary
This proposal requests the DAO to allocate $7,500 worth of $GEAR as incentives for the USDC lending pool. The incentives aim to continue growing the pool, which has already surpassed $10M in TVL within one month across 4+ launches.
Falcon has committed $10,000 in additional incentives, making this a joint effort to reward liquidity providers and boost traction.
Motivation
The USDC pool has shown strong adoption and demonstrates significant potential for organic growth. Providing $GEAR incentives will:
- Reward early liquidity providers.
- Encourage further participation in the USDC pool.
- Complement Falcon’s $10K incentive contribution.
- Strengthen overall liquidity depth, improving borrowing and lending efficiency.
Specification
- Pool: USDC Lending Pool
- Incentive Token: $GEAR
- Amount: $7,500 (equivalent in $GEAR at time of distribution)
- Distribution Period: September 2025
- Mechanism: Direct allocation via Gearbox incentive module or DAO-approved smart contract.
Rationale / Justification
- Strong traction: The pool grew to $10M+ in TVL in only a month.
- Complementary incentives: Falcon contributes $10K, the $GEAR incentive adds additional alignment.
- Increased liquidity: Higher rewards attract new LPs and maintain current participants.
Proposal: Allocate $7,500 worth of $GEAR to the USDC lending pool as liquidity incentives for September 2025.