SGR 56: aFXN

Gauge Request Presentation:

• Targeted Pair: Lp-aFXN (https://app.spectra.finance/pools/eth:0xee894f36d7ccc6fbe59ac55b9db8a8aafd892a26)
• IBT contract address: 0x00bac667a4ccf9089ab1db978238c555c4349545
• Current TVL on in the Pair’s liquidity: $20,000
• Current TVL as IBT: $855,000
• Twitter/Discord links:
  • Twitter: @protocol_fx, @aladdindao
  • Discord: https://discord.gg/n4gpXpcQ
• chain : Ethereum Mainnet

Simple summary:

aFXN is a Concentrator vault that consists of an auto-compounding wrapper on cvxFXN with yields provided by cvxFXN single staking. aFXN has been live for nearly a year and has run without any incidents since launch. asdCRV and aCRV, two other Concentrator products which are an autocompounding versions of StakeDAO’s staked sdCRV and Convex's staked cvxCRV, have also recently been granted SPECTRA gauges.

This proposal aims to add a Gauge for the aFXN Spectra Pair The pool for the current aCRV pair has been live since February 3, 2025.

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our PT, as it would enable us to allow for Concentrator and Convex users to speculate and trade yields on cvxFXN.

Benefit of this integration for Concentrator and Convex

• Additional yield opportunities for the community or the protocol treasury
• Increase the visibility of the project
• Increase the TVL of the liquidity pool

Benefit of this integration for Spectra

• Increase the tokenized TVL and the AMM TVL
• Diversify the yield possibilities
• Increase Spectra’s visibility
• Bribes for SPECTRA token holders

Metrics:

TVL of Concentrator: $24MM

TVL of aFXN: $0.855 MM

TVL of cvxFXN: $3.8 MM

Community size on discord: 8,100

Means:

Regular bribes for veSPECTRA holders will be anticipated (amount TBD)