SGR 57: USR

Gauge Request Presentation:

• Targeted Pair: 0x4ce726879557a0b78d974a6f5d95ac4e2e5fd4f5

• Spectra Wrapped IBT address : 0x51C002aBe20bD7C5072cf96Ba979562E42700F20

• IBT contract address:0x66a1E37c9b0eAddca17d3662D6c05F4DECf3e110

• Current TVL in the Pair’s liquidity: $2M

• Current TVL as IBT: $573M

• Twitter: @ResolvLabs

• Chain : Ethereum

Simple summary:

Resolv is the protocol that maintains USR, an ETH-backed stablecoin. Additionally to over-collateralisation, the stability of the token is protected by the Resolv Liquidity Pool, an insurance layer for USR to protect it from market risks. People who hold USR earn Resolv points.

Benefit of this integration for Resolv

• More liquidity & 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 Native APY is unknown as the rewards for those points have not been announced.
• Resolv’s total TVL on Ethereum is $672M
• 558M USR in circulation

Community poll:

• Yes, create a gauge for the USR pool
• No, do not create a gauge for the USR pool