SGP 3 - Accept Ownership Transfer of Optimism Contracts to Spectra DAO

Author: Perspective SAS - The developer of Spectra Protocol and Spectra App

Context

Spectra officially launched on June 5, 2024, and has gained significant traction, amassing over $23M in Total Value Locked (TVL) across 11 Mainnet and 5 Arbitrum pools. These pools have been created by various crypto projects and individual users who are experimenting with Spectra tools.

There is increasing community demand to deploy Spectra on other networks where users can interact with it at much lower network costs.

Optimism Network Overview

The Optimism network is growing steadily and has cemented its name across DeFi communities. Additionally, its stack is known for powering other L2s, such as the Base Network.

With the presence of projects capable of issuing interest-bearing tokens, such as Aave, Beefy, Stargate, Compound, Idle, and Aura, Optimism presents itself as a new direction for the expansion of the Spectra Ecosystem.

Source: https://defillama.com/chain/Optimism

Source: https://dune.com/msilb7/l2-benchmarks

Additionally, an expansion to Optimism would allow Spectra to benefit from the network’s grants initiatives.

Specification

Perspective SAS has recently deployed the core Spectra contracts on the Optimism network, maintaining the same configuration as the Ethereum Mainnet.

Deployment Addresses: OP Contracts Addresses

Proposal

Perspective SAS proposes transferring ownership of the Spectra contracts on the Optimism network to the Spectra DAO. Post-transfer, the DAO will have the authority to:

• Manage all protocol roles (owner, pause etc.)
• Upgrade contracts
• Set and collect protocol fees
• Enable additional protocol features

Next Steps

Perspective SAS will submit the vote on Snapshot in the coming days.

If Spectra DAO members accept this proposal, Perspective SAS will transfer the ownership to Spectra DAO on Optimism (0xF8576B3830FA131bBd39dA1E97Fbb24864156470)