SGR 63: lvlUSD

Gauge Request Presentation:

• Spectra Wrapped IBT address : 0x1C77c5B76f02eD1538D5Af95A3B1f88e55178D2f

• IBT contract address: 0x7C1156E515aA1A2E851674120074968C905aAF37

• Current TVL in the Pair’s liquidity: $17,364

• Current TVL as IBT: $94.31M

• Twitter: @levelusd

• Chain : Ethereum

Simple summary:

Level is a stablecoin protocol that issues lvlUSD, a crypto-native stablecoin pegged to 1 USD, backed by fiat stablecoins like USDC and USDT. These assets are deposited into lending protocols to generate yield. slvlUSD, the yield-bearing version of lvlUSD, automates the yield accumulation.

Benefit of this integration for Level

• More liquidity & Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for SPECTRA holders
• Increase Spectra’s tokenized TVL
• Increased Visibility for Spectra

Metrics:

• The current Native APY is 8.32%.
• Level’s total TVL on Ethereum is $94.31M
• 77.57M lvlUSD in circulation