SGR 103: esdeUSD-06FEB2026 Gauge Request

Gauge Request:

• Targeted Pair: esdeUSD
• IBT contract address: 0xb9003d5bed06afd570139d21c64817298dd47ec1
• Spectra - esdeUSD-3 (Feb 06 2026) - Liquidity
• Twitter Links: x.com/elixir | x.com/k3_capital | https://x.com/eulerfinance
• chain : Avalanche

Simple summary:

sdeUSD is the staked, yield-bearing form of deUSD, Elixir Network’s fully collateralised synthetic dollar backed by tokenised U.S.-Treasury bills and (ii) a delta-neutral ETH-perpetual funding-rate strategy run by Elixir. Staking deUSD for sdeUSD auto-compounds the blended yield, creating a resilient on-chain dollar. sdeUSD has been integrated into the Euler lending market on Avalanche.

By creating a gauge for esdeUSD, Spectra strategically aligns itself with K3 Capital and allows liquidity to be refactored and possibly opens up long-tail DeFi strategy vectors such PT-Looping utilizing the Euler lending market.

Vote Specification:

Create a gauge for esdeUSD-16JAN2026?

• Yes
• No
• Abstain