title: [SGR] Create wstk scUSD Gauge author: @Rings & @TokenLogic created: 2025-01-17 Target Pair: PT-sw-wstkscUSD / sw-wstk scUSD (0x167b0951c5d3fb8ff5ab675401e369dd65817801) IBT Contract Address: 0xc4dc44837caf8a53bb5fbcd4be42089ca03a37f1 Twitter Link: https://x.com/Rings_Protocol Network: Sonic

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Simple Summary

Rings is a meta-stablecoin built on Sonic by Mithras Labs (Paladin contributors) and Tholgar, with the help of Layer 0 (bridge) and Veda (vaults). Launched on the 20th of December, it is one of the fastest growing protocols on Sonic.

To mint scUSD, users must provide curated assets that are then deposited in low-risk yield bearing strategies. Users can then stake or lock the meta-asset in order to earn additional yield, Rings Points and Sonic Points.

This proposal aims to add a Gauge for the wstkscUSD Spectra Pair The pool for the wstkscUSD pair is live since Jan 17th.

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our PT, as it would enable the yield of wstkscUSD to be traded and speculated on.

Benefits of this integration for Rings

• Additional yield opportunities for the users;
• Increase the visibility of the project;
• Create a way for users to speculate on Rings Points, Sonic Points and the yield of the Veda Strategies;
• Use of the 40K veAPW from Paladin to bootstrap emissions.

Benefit of this integration for Spectra

• Bootstrap and significantly increase the tokenized TVL and the AMM TVL;
• Diversify the yield possibilities;
• Increase Spectra’s visibility;
• Give access to Sonic Points Rings points with high multipliers;
• Deploy the first Yield Markets on Sonic.

Metrics:

Rings TVL: $15m stkscUSD TVL: $5m

Means:

None

Disclosure

TokenLogic and Rings do not receive any payment for this proposal.

Copyright

Copyright and related rights waived via CC0.