SGR 34: sMONEY

Gauge Request Presentation:

• Targeted Pair: PT-sMONEY-1738713608) (Maturity: Feb 04 2025)
• Pool contract address: 0xdaf28bedaef3a960188b69e3283d43a9ed76f57f
• IBT contract address: 0x12cc2ecca3d6b3627c38071ee3c713517115a3bb
• Current TVL on in the Pair’s liquidity: $761 (initial seed)
• Current TVL as IBT: $287,180.00 | Link here
• Twitter/Discord links: https://x.com/defidotmoney
• Chain: Optimism

Simple summary:

-This proposal aims to add a Gauge for the $sMONEY Spectra Pair -The pool has been live since: November 5th, 2024

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of $sMONEY on Optimism, as it would the first of its kind on Optimism (yield bearing stable coin w/ real yield on Spectra) which will lead to a significantly increased TVL for Spectra on Optimism, bootstrapping spectra expansion on that OP even further. Further, this LP token could be listed as collateral on defi.money at a future date, producing a profound flywheel effect for the two protocols. This pool will also increase interest from both user groups for the respective protocols, benefiting all stakeholders involved.

Benefit of this integration for Spectra

• Directly increasing TVL of Spectra on Optimism
• Diversify the yield opportunities w/ ‘real yield’ via $sMONEY IBT
• Increase Spectra’s visibility
• Increased utility for APW token holders
• Cross-pollination between all stakeholders
• LP token to be listed to borrow against on defi.money

Benefit of this integration for defi.money

• Additional yield opportunities for the community or the protocol treasury
• Increase the visibility of defi.money
• Increase the TVL of $sMONEY
• Cross-pollination between all stakeholders

Metrics:

TVL: $3,217,648.00 TVL $sMONEY: $287,180.00 Estimated Yield: 48.78% Community (X, Telegram, Discord, etc): 5,000+

Means:

Defi.money can allocate points towards the pools, further enhancing ownership & benefits for Spectra community while bolstering its utility for all stakeholders.