SGR 72: sUSDf

Gauge Request Presentation:

• Targeted Pair: LP-sUSDf (https://app.spectra.finance/pools/eth:0xa95a5eb4f639ddc9cd0b431036eb2cc2d018c18c)
• IBT contract address: 0xc8cf6d7991f15525488b2a83df53468d682ba4b0
• Current TVL in the Pair’s liquidity: $14,591
• Current TVL as IBT: $215.37M
• Twitter: https://x.com/FalconStable
• Chain: Ethereum Mainnet

Simple summary:

Falcon Finance is a next-generation overcollateralized synthetic dollar protocol designed to provide sustainable and competitive yield generation in all market conditions. Built on institutional-grade risk frameworks with a foundation of transparency, Falcon Finance sets a new benchmark for synthetic assets in decentralized finance.

Users can mint USDf, an overcollateralized synthetic dollar, by depositing a diverse set of collateral assets, including stablecoins like USDC, USDT, and other assets such as ETH, BTC. sUSDf is the yield-bearing token enabled by staking USDf on Falcon Finance, and is a ERC-4626 compliant token. This proposal aims to add a Gauge for the LP-sUSDf Spectra Pair.

We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our LP, as it would enable more yield opportunities for sUSDf and Spectra users.

Benefit of this integration for Falcon Finance

• Enhanced yield to LP-sUSDf holders on Spectra through bribes, incentivising the TVL of the liquidity pool
• Increase the visibility of the project on Spectra

Benefit of this integration for Spectra

• Increase the tokenized TVL and the AMM TVL
• Diversify the yield possibilities through PT/YT sUSDf
• Increase Spectra’s visibility
• Bribes for SPECTRA token holders

Metrics:

• Circulating supply of USDf: $375M
• Circulating supply of sUSDf: $215M
• Current Native APY: ~10% APY