SGR 67: fxSAVE

SGR: fxSAVE Gauge on Ethereum Mainnet (Gauge listing request)

Gauge Request Presentation:

• Targeted Pair: Lp-fxSAVE https://app.spectra.finance/pools/eth:0xb4dde9015c766f09043247e0687e406049947373
• IBT contract address: 0x7743e50f534a7f9f1791dde7dcd89f7783eefc39
• Current TVL on in the Pair’s liquidity: $1,031,763
• Current TVL as IBT: $10,655,000
• Twitter/Discord links:
  • Twitter: @protocol_fx, @aladdindao
• chain : Ethereum Mainnet

Simple summary:

f(x) Protocol 2.0 is a decentralized perpetual trading platform offering Liquidation Protected Leverage on blue-chip crypto assets and high USD-based real yields to fxUSD stakers. It utilizes the f(x) invariant, a DeFi primitive that splits yield-bearing assets into a decentralized stablecoin (fxUSD) and a leveraged asset (xPOSITION), offering up to 7x leverage with minimized liquidation risk and funding costs. fxSAVE is a Concentrator vault that consists of an auto-compounding wrapper on the f(x) v2 stability pool with yields provided by underlying wstETH trading commissions. asdCRV, aCRV, and aFXN, three other Concentrator products, have also recently been granted SPECTRA gauges.

AladdinDAO and Protocol f(x) would like to add this pool to Spectra’s gauge system to incentivize liquidity of the PT, as it would enable users to speculate and trade yields on fxSAVE.

Benefit of this integration for Concentrator and f(x) Protocol

• Additional yield opportunities for the community or the protocol treasury
• Increase the visibility of the project
• Increase the TVL of the liquidity pool

Benefit of this integration for Spectra

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

Metrics:

TVL of Concentrator: $15MM

TVL of fxSAVE: $10.6 MM

TVL of f(x) v2 stability pool: $33.8 MM

Community size on discord:8,100

Means:

Regular bribes for veSPECTRA holders will be anticipated (amount TBD)