SGR 10: amphrETH

Gauge Request Presentation:

• Targeted Pair: amphrETH-LP
• Pool contract address: 0x1c379572160a80975fa1dad8e491ff485611c8f6
• IBT contract address: 0x5fD13359Ba15A84B76f7F87568309040176167cd
• Spectra Wrapped IBT : 0x06c03069de266F58d10A0724a4f65C3D4feFfF4D
• Current TVL on in the Pair’s liquidity: $187k
• Current TVL as IBT: $145M
• Twitter link: Mellow, Amphor
• Chain : Ethereum mainnet.

Simple summary:

Mellow LRT is a liquid restaking primitive that enables the permissionless creation of modular LRTs. The Amphor Restaked ETH vault, curated by MEV Capital, is an LRT vault built on top of the Symbiotic Network, which allows users to earn yield on their deposited wstETH, as well as Mellow and Symbiotic points.

This proposal aims to add a gauge for the amphrETH Spectra pool.

Given amphrETH’s high TVL, we believe that the gauge creation could incentivize deposits and thus augment Spectra’s TVL.

Benefit of this integration for Mellow protocol and Amphor

Additional yield opportunities for the community Increased visibility of Mellow

Benefit of this integration for Spectra

Increased tokenized TVL and AMM TVL Increased visibility bribes for APW token holders

Metrics:

The amphrETH vault currently has a TVL of $145,000,000. Mellow Protocol has 24.6k followers on X, Amphor has 58.5k followers on X. The strategy’s estimated APR is 3.1%