SGP 8: Accept Ownership Transfer of Avalanche Contracts to Spectra DAO

Summary

This proposal seeks to transfer ownership of Spectra's deployed contracts on Avalanche from Perspective SAS to Spectra DAO. This marks the protocol’s formal expansion to Avalanche, (supported by K3 Capital) and aligned with Spectra's expansion strategy.

Context & Motivation

Spectra’s deployment on Avalanche is undergoing final integration. This proposal enables a transfer of contract ownership from Perspective SAS to Spectra DAO. Avalanche has seen increasing infrastructure maturity and institutional adoption, yet the PT- and YT-integrations remain underdeveloped. Competing solutions have yet to establish meaningful traction, for example, Pendle currently holds less than $60,000 TVL on Avalanche as of May 2025. In contrast with the addressable market on Avalanche, that currently holds more than $1.5B USD in TVL and is expected to grow into the future, this creates a clear opportunity for Spectra to become the dominant yield-tokenization protocol on Avalanche, capturing current and future integrations, as well as Avalanche liquidity flow. Furthermore, Spectra’s recent AMM upgrades make it feasible for other protocols and projects to facilitate strategies such as PT-Looping. Since Avalanche Rush, Avalanche has positioned itself as one of the major DeFi R&D Hubs and plugging Spectra’s infrastructure into Avalanche will unlock new opportunities. K3 Capital’s involvement further reinforces the strategic potential of this deployment. K3 Capital is an institutional DeFi liquidity provider & risk curator managing delta-neutral portfolios exceeding $570M, as well as a list of public markets and proprietary products with emphasis on stablecoins & borrow/lend markets. With integrations across major Avalanche ecosystem protocols, including its Blue Chip lending market on Euler, K3 Capital will actively participate in bootstrapping liquidity with key ecosystem projects. By entering the Avalanche ecosystem, Spectra leverages existing network effects and opens up more on-chain liquidity pathways.

Specification:

Perspective SAS proposes deploying Spectra’s core contracts on Avalanche, replicating the configuration used on Ethereum Mainnet. This deployment will enable Spectra users to tokenize, trade, and fix interest rates for yield-bearing tokens within the Avalanche ecosystem.

Deployment Addresses

AVAX Addresses

Next steps

Perspective SAS will submit the vote on Snapshot shortly given the Avalanche imminent launch if there are no constructive objections. Furthermore, the list of relevant smart contracts will be posted in a comment, once fully deployed in production. If Spectra DAO members approve the proposal, Perspective SAS will proceed with deployment on Avalanche and transfer contract ownership to the Spectra DAO wallet on Avalanche.

Vote

Transfer Ownership of Avalanche contracts from Perspective SAS to Spectra DAO? (0xe59d75C87ED608E4f5F22c9f9AFFb7b6fd02cc7C)