SGR 40: sUSDx

Gauge Request Presentation:

• Targeted Pair: LP-sUSDX/YT-sUSDX 0xe7ad3016d46e538c9ca87e5071c561a73ed1c98c

• IBT contract address: 0x7788A3538C5fc7F9c7C8A74EAC4c898fC8d87d92

• Current TVL as IBT: $2.5M on Arbitrum ($179M on BNB Chain)

• Twitter/Discord links

• Chain: Arbitrum

Simple summary

This publication proposes creating a gauge for the sUSDX integration, launched on 8 January 2025, to incentivize liquidity of LP-sUSDX.

Background

• Stables Labs is a stablecoin infrastructure project, with USDX as its first product. USDX is a synthetic stablecoin, designed to offer a stable, censorship-resistant, crypto-native money. USDX captures yield from crypto-native sources and distributes it back to its users.

• Stables Labs has recently launched its points campaign, and has seen its TVL grow rapidly in the last 2 months. Current TVL of the Protocol is $600M (total TVL on BNB Chain = $492M, total TVL on Arbitrum = $106M)

Benefits of this integration for Stables Labs

• Additional yield opportunities for the community

• Increase the visibility of the project

• Potential SPECTRA Bribes: there is an opportunity for SPECTRA bribes as a means of enhancing the yield to Spectra users with the intention to drive demand for USDX being acquired and deposited into sUSDX via Spectra.

Benefit of this integration for Spectra

• TVL growth: increase Spectra's tokenized TVL and the AMM TVL

• First product of its kind: Spectra would be the first interest rate derivatives protocol on Arbitrum to offer PT/YT for sUSDX

• Visibility and tangible benefits: Increase Spectra’s visibility and accrual of Stables Labs points for Spectra's users