SGR 43: aCRV

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

Gauge Request Presentation:

• Targeted Pair: Lp-aCRV (https://app.spectra.finance/pools/eth:0xfef729847048e872a7baa82ab7aecfe793df62a4)
• IBT contract address: 0x2b95a1dcc3d405535f9ed33c219ab38e8d7e0884
• Current TVL on in the Pair’s liquidity: $2,000
• Current TVL as IBT: $1,774,167
• Twitter/Discord links:

  • Twitter: @0xconcentrator

  • Discord: https://discord.gg/n4gpXpcQ

• chain : Ethereum Mainnet

Simple summary:

Concentrator is a farm-and-hold yield optimizer that helps users automatically harvest yields and swap (concentrate) them into the best blue-chip DeFi tokens, and aCRV is one of it's primary compounder vaults. aCRV is an auto-compounding wrapper on cvxCRV with yields provided by cvxCRV single staking. aCRV has been live for 3 years and has run without any incidents since launch. asdCRV, another Concentrator product which is an autocompounding version of StakeDAO’s sdCRV, has also recently been granted a SPECTRA gauge.

This proposal aims to add a Gauge for the aCRV Spectra Pair The pool for the current aCRV pair has been live since January 8, 2025. A previous gauge was live in August of 2024.

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our PT, as it would enable us to allow for Concentrator and Convex users to speculate and trade yields on cvxCRV.

Benefit of this integration for Concentrator and Convex

• Additional yield opportunities for the community or the protocol treasury
• Increase the visibility of aCRV and cvxCRV
• 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: $24MM

TVL of aCRV: $1.8MM

TVL of cvxCRV: $193.6MM

Community size on discord:8,100

Means:

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