SGR 86: sUSDX-30DEC2025 Gauge Request

SGR 86: sUSDX-30DEC2025 Gauge Request:

• Targeted Pair: LP-sUSDX/YT-sUSDX 0x351e756b4a0910b0d739e906dfaad6fc7ec28908
• IBT contract address: 0x7788A3538C5fc7F9c7C8A74EAC4c898fC8d87d92
• Current TVL as IBT: $118M on Arbitrum ($520M on BNB Chain)
• Twitter/Discord links
• Chain: Arbitrum

Simple summary

This publication proposes creating a gauge for the sUSDX integration to incentivize liquidity of LP-sUSDX. This is following the expiry of the existing Spectra sUSDX integration in June.

Background

• Stables Labs is a stablecoin infrastructure project, with USDX as its first product. USDX is a synthetic stablecoin, designed to offer a stable, censorship-resistant, crypto-native money. USDX captures yield from crypto-native sources and distributes it back to its users.
• Stables Labs has recently launched its points campaign, and has seen its TVL grow rapidly. Current TVL of the Protocol is $673M

Benefits of this integration for Stables Labs

• Additional yield opportunities for the community
• Increase the visibility of the project
• Potential SPECTRA Bribes: there is an opportunity for SPECTRA bribes as a means of enhancing the yield to Spectra users with the intention to drive demand for USDX being acquired and deposited into sUSDX via Spectra.

Benefit of this integration for Spectra

• TVL growth: increase Spectra’s tokenized TVL and the AMM TVL
• First product of its kind: Spectra would be the first interest rate derivatives protocol on Arbitrum to offer PT/YT for sUSDX
• Visibility and tangible benefits: Increase Spectra’s visibility and accrual of Stables Labs points for Spectra’s users

Community Vote Specification:

• (For) Yes, add sUSDX pool to Spectra's gauge system
• (Against) No, do not add sUSDX pool to Spectra's gauge system
• (Abstain) Abstain