SIP-44: Add USD+/USDs farm to the SPA Gauge

Author: Overnight Finance Reference: App, Docs Created: April 25, 2023 Labels: #Liquidity-mining

Summary

Overnight Finance offers to add the Demeter farm USD+/USDs to the SPA Gauge.

Motivation

Adding USD+/USDs to the SPA Gauge will support the liquidity mining of USD+, increase Sperax TVL, and reward SPA stakers.

Overview

Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors. ‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night. It is a DeFi protocol specializing in delta-neutral strategies. Protocol Overnight Finance has created USD+/USDs farm on Demeter and it is going to be launched soon. Our proposal is to include the farm in the Gauge to enhance the liquidity of USD+ and increase the TVL of Sperax. This will enable us to provide incentives to SPA stakers through USD+ bribes, thereby boosting revenue for the Sperax USD protocol and SPA stakers.

Technical Specification

Add to the Gauge the farm USD+/USDs launched on Demeter

Voting

For

Add USD+/USDs farm to the Gauge

Against

Don’t add the farm to the Gauge