SGR 50: superUSDC

Gauge Request Presentation:

• Targeted Pair: LP-SuperUSDC https://app.spectra.finance/pools/eth:0xd7e163a91d11cfa2b4059f1626ccd6e33b143cbc
• IBT contract address: 0xF7DE3c70F2db39a188A81052d2f3C8e3e217822a
• Current TVL in the Pair’s liquidity: $111k
• Current TVL of IBT: $20.82M
• Twitter: https://x.com/superformxyz
• Chain: Ethereum mainnet

Simple summary:

This proposal aims to add a Gauge for the SuperUSDC Spectra Pair. The pool for the SuperUSDC pair has been live since January 28 2025 and matures on April 20 2025.

Superform is the onchain wealth app. Superform earns you the best returns on your crypto to grow your onchain wealth. Use SuperVaults to automatically optimize your earnings, or build your customized portfolio by directly depositing into over 900 earning opportunities.

SuperUSDC on Ethereum is the first SuperVault. SuperUSDC optimizes USDC returns across blue-chip lending protocols on Ethereum (Morpho, Euler, Aave, and Fluid) by automatically rebalancing between vaults using predictive onchain data. Audited by yAudit, leading security researchers, and secured by Yearn v3.

The 30 day APY for SuperUSDC is 16.48% at the time of writing. LPs and YTs earn 40x CRED (Superform points). For comparison, regular deposits into SuperUSDC earn 20x CRED. LPs and YTs also earn rewards from the vault(s) that SuperUSDC allocates to. Currently LPs and YTs earn MORPHO tokens at a rate of 3.91% APY.

We’d like to add this pool to Spectra’s gauge system to incentivize liquidity of our PT. The benefits to Superform and Spectra are listed below:

Benefit of this integration for Superform

• Increase the TVL of SuperUSDC and the Superform protocol
• Additional yield and points farming opportunities for the community
• Increase the visibility of Superform
• Superform users can lock in a high fixed APY on USDC with PTs and speculate on USDC lending rates

Benefit of this integration for Spectra

• Increase Spectra TVL
• Diversify the offerings on Spectra with a high yield USDC market
• Increase Spectra’s visibility
• Bribes for SPECTRA token holders

Metrics:

• TVL of Superform: $80.11M
• TVL of SuperUSDC: $20.82M
• 30D APY of SuperUSDC: 16.48%
• Community size on Discord: 50,000
• Twitter followers: 123,000

Means:

• Superform is prepared to offer regular bribes for veSPECTRA holders
• LPs and YTs are incentivized with 40x CRED