SGR 39: sjEUR

Gauge Request Presentation:

*Targeted Pair: https://basescan.org/address/0xc6fbb3497d9a3920f2033ee57ec4f7e99ba280a9 *IBT Contract Address: https://basescan.org/address/0x89cc2a57223fa803852b6b4e65c6e376d49909f9 *Current TVL on the Pair’s Liquidity: $32,000 *Current TVL as IBT: $257,000 *Twitter: Jarvis_Network *Chain: Base

Simple Summary

This proposal aims to add a Gauge for the Super jEUR Spectra Pair, a yield-bearing Euro token on Base.

jEUR is a crypto-backed stablecoin, over-collateralized by a reserve of aUSDC. The aUSDC in the reserve are supplied by liquidity providers (who are short on EURUSD) and by users buying jEUR with USDC. jEUR is also collateralized by ETH, WSTETH, cbETH, stEUR, stUSD and cbBTC through Morpho on Base.

Super jEUR (sjEUR) is staked jEUR. sjEUR offers a euro-denominated yield-bearing solution, redistributing the revenues generated by our protocol to its holders.

By adding this pool to the Spectra gauge system, we can incentivize liquidity for Super jEUR, for allowing users to speculate on the yield or get fixed rate.

This will be the first step for us toward creating a whole ecosystem around Super jEUR and PT - Super jEUR.

The Jarvis Network DAO has also built a position in SPECTRA.

Benefits of this Integration

For Jarvis Protocol:

• Additional yield opportunities for Super jEUR holders.
• Increased visibility and adoption of Super jEUR.
• Boost in TVL for Super jEUR, contributing to protocol growth, hence its revenues, which are redirected towards Super jEUR holders.

For Spectra Protocol:

• Increased tokenized TVL and AMM TVL.
• Diversified yield possibilities.
• Higher visibility and engagement from euro-focused users.
• Bribes for veSPECTRA token holders,.

Metrics

• Current TVL of Jarvis Protocol: $810k ($530k on Jarvis, $280k on Morpho)
• Current TVL of Super jEUR: $250k
• Twitter: 18k
• Discord: 4k