SGR 41: 9sethcore-april-10-2025

Gauge Request Presentation:

• Targeted Pair: 0x8d6c6b440054919875d3d7f9fecc400411643248
• IBT contract address: 0x5496b42ad0deCebFab0db944D83260e60D54f667
• Spectra Wrapped IBT : 0x55076E45a3ab31c4D9f92F63f0b7801c74B986f8
• Current TVL on in the Pair’s liquidity: $16M
• Current TVL as IBT: $16M
• Twitter link: Morpho
• Chain : Base

Simple summary:

The 9Summits WETH Core Morpho vault is curated by 9summits and aims to optimize interest earned from lending WETH on various LRT/LST denomitated markets

Benefit of this integration for 9summits and Morpho

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

Benefit of this integration for Spectra

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

Metrics:

• The current APY is 0.94% in ETH, 5.95% in MORPHO
• Morpho’s total TVL on Base is $440M