SGR 29: mwUSDC gauge listing request

Gauge Request Presentation:

• Targeted Pair: 0x25B2BAcF89b78C8D1815b500c02593A5d668EA51

• IBT contract address: 0xc1256Ae5FF1cf2719D4937adb3bbCCab2E00A2Ca

• Spectra Wrapped IBT: 0xBDE752ef69880c00a795D88438040b8f737Eb254

• Current TVL on in the Pair’s liquidity: $17

• Current TVL as IBT: $53.76M

• Twitter link: Morpho, Moonwell

• Chain : Base

Simple summary:

The Moonwell Flagship USDC Morpho vault is curated by B.Protocol and Block Analitica and aims to optimize interest earned from lending USDC on the WETH/USDC, wstETH/USDC, and rETH/USDC collateral markets.

Benefit of this integration for Moonwell and Morpho

• More liquidity
• Increased visibility
• Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for APW holders
• Increase Spectra’s tokenized TVL
• Increased Visibility for Spectra

Metrics:

• The current Native APY is 1.4% in USDC, 8.5% in WELL, and it is additionally boosted with MORPHO incentives
• Moonwell’s total TVL on Base is $109.65M
• Morpho’s total TVL on Base is $187.14M