SGR 15: FARM-APW/ETH Gauge Listing Request

• Targeted Pair: FARM-APW/ETH 0x1c4D2495F1B9f325cb72c1Af0dB29985239C68aD launched on Aug-13-2024 08:44:59 PM UTC
• IBT contract address: 0x33D7E5827eB62628c093D88aC2531ddaC6f6E396
• Current TVL on the Pair’s liquidity: $90,000
• Current TVL as IBT: $100,000
• Underlying Token Market TVL (50APW-50WETH 0x093254005743b7Af89e24F645730Ba2dD8441333): $140,000
• Twitter links: @harvest_finance
• Chain: Ethereum
• Posted by: KobraD - Harvest Finance CM

Simple summary:

This proposal suggests adding a gauge for the FARM-APW/ETH pair. f50APW-50WETH is Harvest’s interest-bearing token for 50APW-50WETH, the Balancer LP token used in the primary APW liquidity pool. Users can deposit 50APW-50WETH or zap from any token on Harvest Finance to receive f50APW-50WETH, which accrues interest by reinvesting BAL and AURA rewards into additional 50APW-50WETH LP tokens.

The addition of this gauge would further incentivize liquidity provision for APW, driving an increase in APW/WETH TVL and primarily benefiting Spectra’s community stakeholders.

Since September 2020, Harvest Finance, a well-known yield-optimizing platform, has been assisting yield farmers worldwide in maximizing their crypto earnings. The introduction of the f50APW-50WETH gauge further aligns with Harvest Finance’s goal of providing top returns to its users.

We believe that this gauge will enhance the liquidity of APW/WETH on Ethereum and generously reward liquidity providers. Additionally, since f50APW-50WETH is issued by Harvest Finance, it will strengthen its synergy with Spectra. We encourage the community to vote in favor of including the f50APW-50WETH Liquidity Pool in Spectra’s gauge system.

Benefits of this Integration for Harvest:

• Increased yield opportunities for f50APW-50WETH holders
• Increased TVL of the pool

Benefit of this integration for Spectra

• Deepening the main APW/ETH liquidity pool on Ethereum
• Dynamically rewarding liquidity providers based on Spectra’s community needs