SGR 132: USPC-02Jul2026

Gauge Request Presentation:

Targeted Pair: LP-USPC-02Jul2026 (Maturity 2026)

Pool Contract Address: 0xaa8aad536495fbb96e231099e7d7ded72f25e938

IBT Contract Address: 0x286bd1fb9a99d7fce19757c631002ea2ed8e7da2

Current TVL as IBT: $340,000

Twitter Link: @0xCoinshift

Chain: Ethereum

Simple summary:

This proposal suggests adding a gauge for the USPC-02/07/2026 pool.

Coinshift is backed by Tiger Global, Sequoia India, and Consensys. USPC is the ERC-4626 vault wrapper for iUSPC, a structured note issued by Shift Capital Ltd (BVI). Underlying assets are managed by AM Switzerland AG, a FINMA-licensed discretionary investment manager, and held in FCA-regulated custody via Archax.

USPC is fully backed by a diversified portfolio of institutional-grade assets:

BlackRock ICS USD Liquidity (50%, daily liquidity): The BlackRock ICS US Dollar Liquidity Fund (IE00B44BQ083), an AAAm/AAAmmf-rated money market fund with $119B AUM, investing in high-quality fixed income securities and money market instruments.

Fidelity ILF USD (30%, daily liquidity): The Fidelity Institutional Liquidity Fund USD (IE0003323726), an Aaa-mf/AAAm-rated money market fund with $11.3B AUM, investing in diversified short-term instruments including government securities, bank obligations, and commercial paper.

Apollo ACRED (20%, quarterly liquidity): A tokenized credit fund from Apollo Global Management, providing yield from institutional-grade private credit.

This structure ensures USPC maintains strong liquidity coverage for everyday redemptions via its Tier-1 MMF assets (80% daily liquid), while generating enhanced yield through exposure to institutional private credit.

Benefit of this integration for Coinshift:

Additional Yield: More sustainable yield opportunities for USPC token holders through Spectra’s yield tokenization.

Increased TVL: Boost in USPC TVL and supply, opportunity to get PT-USPC as collateral in Ethereum lending protocols.

Project Visibility: Enhanced visibility within the DeFi space and Spectra’s growing ecosystem.

Fixed Rate Access: Coinshift users can lock in fixed APY on their USPC exposure via Principal Tokens.

Benefit of this integration for Spectra:

Higher TVL: Increase in tokenized and AMM TVL, opportunity to get PT-USPC as collateral in Ethereum lending protocols.

Yield Diversification: Broader yield options for users with exposure to institutional-grade RWA-backed yield.

Platform Visibility: Greater exposure for Spectra through Coinshift’s institutional user base.

Bribe Opportunities: Potential for bribes to benefit veSPECTRA token holders.

MetaVault Integration: Gami Labs plans to integrate this LP into their MetaVault, driving automated and sustained liquidity.

Metrics:

Coinshift:

TVL: $340,000

Website: https://app.coinshift.xyz

Twitter: https://x.com/0xCoinshift

Discord: https://discord.com/invite/Coinshift

LinkedIn: https://www.linkedin.com/company/coinshift-finance/