0x46dA…9A54

SGR 40: sUSDx

Voting ended about 1 year agoSucceeded

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

Off-Chain Vote

For

28.94M veSPECTRA100%

Against

0 veSPECTRA0%

Abstain

14.94 veSPECTRA0%

Quorum:2893986304%

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Discussion

SGR 40: sUSDx

Timeline

Jan 13, 2025Proposal created

Jan 13, 2025Proposal vote started

Jan 16, 2025Proposal vote ended

Jan 16, 2025Proposal updated

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