SGR 32: mwETH 06/25

Gauge Request Presentation:

• Targeted Pair: 0xbd0f196071de8d7d1521c0ee53584875d2d97fc5
• IBT contract address: 0xa0E430870c4604CcfC7B38Ca7845B1FF653D0ff1
• Spectra Wrapped IBT : 0x7E32f4C44E22aB20df287f8a15eB6C0F54dA6E30
• Current TVL on in the Pair’s liquidity: $11.4M
• Current TVL as IBT: $151M
• Twitter link: Morpho, Moonwell
• Chain : Base

Simple summary:

The Moonwell Flagship ETH Morpho vault is curated by B.Protocol and Block Analitica and aims to optimize interest earned from lending WETH on the cbETH/WETH, wstETH/WETH, and rETH/WETH collateral markets.

Benefit of this integration for Moonwell and Morpho

• More liquidity
• Increased visibility
• Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for APW holders
• Increase Spectra’s tokenized TVL
• Increased Visibility for Spectra

Metrics:

• The current APY is 0.29% in ETH, 2.75% in MORPHO, 1.57% in WELL
• Moonwell’s total TVL on Base is $206M
• Morpho’s total TVL on Base is $361M