SGR 5: asdCRV

Gauge Request Presentation:

Targeted Pair: asdCRV-LP (0xc63dff67fe1b63004ab6c773022ba06847c11335)

IBT Contract Address: 0x43E54C2E7b3e294De3A155785F52AB49d87B9922

Current TVL in the Pair’s Liquidity: 35k$

Current TVL as IBT: 5M$

Twitter/Discord Links:

• Twitter: StakeDAOHQ
• Telegram: @StakedaoHQ

Chain: Ethereum

Simple Summary:

Stake DAO, a DeFi platform launched in early 2021, has been a pivotal player in the rise of Curve and other DeFi products, thanks to innovative veTokenomics. The platform aims to shift the focus from mere monetary gain to empowerment, enabling various protocols to monetize governance and convert utility into an additional revenue stream. Additionally, Stake DAO has maintained the only APW locker for over two years, demonstrating a strong alignment with Spectra’s success.

asdCRV is a Concentrator auto-compounded sdCRV token that receives veSDT boost from the veSDT delegation feature. Users delegate their veSDT to receive a portion of the rewards, giving all asdCRV holders a better veSDT boost on their veCRV rewards.

Proposal Overview:

This proposal aims to add a Gauge for the asdCRV-LP Spectra Pair. The pool has been live since June 12th.

Adding this pool to Spectra’s gauge system would incentivize liquidity, enabling:

Benefit of this Integration for Stake DAO Protocol:

1. Additional Yield Opportunities: Offering new yield farming opportunities for the community.
2. Increased Visibility: Enhancing the visibility of Stake DAO and its offerings in the DeFi ecosystem.
3. Increased TVL: Boosting the TVL asdCRV, thereby increasing the robustness of the protocol.

Benefit of this Integration for Spectra:

1. Increased Tokenized TVL and AMM TVL: Adding to the overall tokenized TVL and AMM TVL on Spectra.
2. Diversified Yield Possibilities: Providing more diversified yield opportunities for users on the platform.
3. Enhanced Visibility: Amplifying Spectra’s presence and appeal in the DeFi space.

Metrics:

1. Stake DAO TVL: 75M$
2. asdCRV TVL: 5M$
3. Community Size:

• Discord: 3k
• Twitter: 25k
• Telegram: 2.5k