SGR 18: wstUSR gauge listing request

Gauge Request Presentation:

• Targeted Pair: LP-wstUSR
• Pool contract address: 0x0d89f4583a6b5eceb76551d573ad49cd435f6064
• IBT contract address: 0x1202F5C7b4B9E47a1A484E8B270be34dbbC75055
• Current TVL on in the Pair’s liquidity: $95k
• Current TVL as IBT: $9M
• Twitter link: ResolvLabs
• chain : Ethereum mainnet

Simple summary:

Resolv (https://www.resolv.xyz/) is a protocol that maintains USR, a stablecoin fully backed by ETH and pegged to the US Dollar. The stablecoin’s delta-neutral design ensures price stability, and is backed by a tokenized insurance pool (RLP) to provide additional security and overcollateralization.

USR has an interest-bearing token pair, stUSR (rebased), and wstUSR (ERC-4626 no-rebasing wrapper).

Resolv is launching public campaign in early September and seeks to expand liquidity and use cases for its tokens.

This proposal aims to add a Gauge for the wstUSR Spectra pool.

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of PT on wstUSR. Use cases enabled from that integration:

• Term fixed rate for LPs who are looking to lock in their cash yield;
• wstUSR PT as underlying for structured products;
• Leverage play on wstUSR yield and incentives.

Benefit of this integration for Resolv

• More exposure to Resolv within DeFi community.
• Wider set of investment cases and liquidity venues for USR.

Benefit of this integration for Spectra

Increased tokenized TVL and AMM TVL Increased visibility across Resolv community and liquidity providers.

Metrics:

Resolv TVL: $16mn YTD APR (Apr - Sep 24) for wstUSR: 9.2%