SIP-47: Add rEth-USDs farm to the SPA Gauge

Author: Phizen, StaFi protocol’s BDM Reference: app, docs Created: May 18, 2023 Labels: Liquidity-mining

Simple Summary

StaFi protocol offers to add the Demeter farm rEth-USDs to the SPA Gauge.

Motivation

Adding rEth-USDs to the SPA Gauge will support the liquidity mining of rEth and increase Sperax TVL, and reward SPA stakers.

Overview

StaFi protocol is creating rEth-USDs farm with Demeter which will be launched soon. We plan to support SPA stakers with FIS bribes and thus propose to add the farm to the Gauge to foster rEth-USDs liquidity, increase Sperax TVL, and drive revenue to Sperax USD protocol and SPA stakers.

Technical Specification

Add to the Gauge the farm rEth-USDs launched on Demeter

Voting

For

Add rEth-USDs farm to the Gauge

Against

Don’t add the farm to the Gauge