SGR 16: sGYD gauge listing request

Gauge Request Presentation:

• Targeted Pair: LP-sGYD
• Pool contract address: 0xe62ec36665387fd9abc303c0aea161c26649b6a3
• IBT contract address: 0xeA50f402653c41cAdbaFD1f788341dB7B7F37816
• Current TVL on in the Pair’s liquidity: 0.52 USD
• Current TVL as IBT: 15k USD
• Twitter/Discord links: Twitter, Discord
• Chain: Arbitrum One

Simple summary:

sGYD is the yield-bearing version of the GYD stablecoin. GYD can be deposited into / withdrawn from sGYD at any time and earns yield while it is deposited in sGYD. GYD itself is fully backed by a basket of stablecoins which are deployed to earn yield. GYD features advanced onchain risk controls.

This proposal aims to add a Gauge for the sGYD Spectra pool

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our PT, as it would help bootstrap the rollout of the newly launched sGYD.

Benefits of this integration for Gyroscope

• Additional yield opportunities for the community
• Increase the visibility of the project
• Increase the TVL of GYD

Benefit of this integration for Spectra

• Increase the tokenized TVL and the AMM TVL
• Diversify the yield possibilities
• Increase Spectra’s visibility
• bribes for APW token holders

Metrics:

As of 14 Aug '24:

• GYD has a circulating supply of 2.7m USD, while sGYD currently has a circulating supply of 20k USD
• the total TVL of Gyroscope across all products is 33m USD
• Socials: 14.8k Twitter followers and a 13.8k community members on Discord
• Expected yield for sGYD: 12%

Means:

Gyroscope points, SPIN