SGR 69: inwstETHs

Gauge Request Presentation:

• Targeted Pair: LP-inwstETHs
• Pool Contract Address: 0x2def0be7366dc80f0af032166f6315ffa122fded
• IBT contract address: 0x8E0789d39db454DBE9f4a77aCEF6dc7c69f6D552
• Spectra Wrapped IBT: 0xa54a3f9e33ca1473477f05a94123d117aaa6002a
• Current TVL on in the Pair’s liquidity: $2,103
• Current TVL as IBT: $27.7M
• Twitter link: InceptionLRT
• Discord: https://discord.gg/WuMSynCbxn
• Chain : Ethereum mainnet

Simple summary:

InceptionLTR’s inwstETHs represents wstETH restaked on Symbiotic, through Mellow specific Vaults. InceptionLRT delegates wstETH to whitelisted Curators, based on Governance voting decision.

Restakers deposit wstETH into InceptionLRT’s restaking pool and receive inwstETHs back as a tradable and liquid token representing the underlying yield-generating restaked wstETH.

This proposal is similar to our previous one. This market has WETH as the underlying instead of wstETH, live on our previous pool, with the purpose of passing not only the restaking rewards to the PT buyers, but also the staking yield of wstETH.

Benefit of this integration for InceptionLRT

• Additional Yield: More yield opportunities for inwstETHs holders and inwstETHs-wstETH LPers.
• Increased TVL: Boost in TVL for the liquidity pool.
• Project Visibility: Enhanced visibility within the DeFi space.

Benefit of this integration for Spectra

• Higher TVL: Increase in tokenized and AMM TVL.
• Yield Diversification: Broader yield options for users.
• Platform Visibility: Greater exposure for Spectra.
• Bribe Opportunities: Potential for bribes to benefit APW token holders.

Metrics:

inwstETHs/wstETH Curve pool with 1M+ TVL The current Native APY is 2.89% ± Symbiotic Rewards

Community Stats:

• Twitter: 44.3K followers
• Discord: 5.9k members
• Telegram: 5914 members