SGR 28: mwETH gauge listing request

Gauge Request Presentation:

• Targeted Pair: 0xdaF28BEdAEf3a960188B69E3283D43a9Ed76f57f
• IBT contract address: 0xa0E430870c4604CcfC7B38Ca7845B1FF653D0ff1
• Spectra Wrapped IBT : 0x7E32f4C44E22aB20df287f8a15eB6C0F54dA6E30
• Current TVL on in the Pair’s liquidity: $2.42M
• Current TVL as IBT: $64.95M
• Twitter link: Morpho, Moonwell
• Chain : Base

Simple summary:

The Moonwell Flagship ETH Morpho vault is curated by B.Protocol and Block Analitica and aims to optimize interest earned from lending WETH on the cbETH/WETH, wstETH/WETH, and rETH/WETH collateral markets.

Benefit of this integration for Moonwell and Morpho

• More liquidity
• Increased visibility
• Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for APW holders
• Increase Spectra’s tokenized TVL
• Increased Visibility for Spectra

Metrics:

• The current APY is 0.44% in WETH, 7.01% in WELL, and it is additionally boosted with MORPHO incentives
• Moonwell’s total TVL on Base is $109.65M
• Morpho’s total TVL on Base is $187.14M