SIP-12 | Establishment of sprMAV-ETH Pool on ZkSync ERA

TL;DR: This governance proposal advocates for the creation of a sprMAV-ETH liquidity pool on ZkSync ERA, aiming to capitalize on the burgeoning interest in sprMAV on the mainnet. The proposal includes initial incentivization of 30,000 sprMAV for both the sprMAV-MAV and sprMAV-ETH pools until April 5th, followed by incorporation of ZkSync ERA gauges into the bi-weekly gauge voting.

Summary: The goal of this proposal is to create a sprMAV-ETH pool and defines the incentives for the pool and the sprMAV-MAV pool on ZkSync ERA.

Context: As the DeFi ecosystem evolved, Spiral recognized the need to expand its influence and user base by integrating with ZkSync ERA, a Layer 2 scaling solution for Ethereum known for its cost efficiency and speed.

Since the deployment of sprMAV on ZkSync ERA (SIP-11), this proposal furthered our commitment to enhancing accessibility and liquidity for sprMAV tokens. The establishment of a sprMAV-ETH liquidity pool on ZkSync ERA seamlessly aligned with our strategic objective of capturing more MAV and offering a deeper liquidity for sprMAV.

In addition, the proposal includes initial incentivization of 30,000 sprMAV for both the sprMAV-MAV and sprMAV-ETH pools until April 5th, then, ZkSync ERA gauges will be added in the bi-weekly gauge voting and follow the usual process.

This strategic move not only improves user experience but also capitalizes on the growing interest in sprMAV.

Means: Development required for implementation.

• Creation of sprMAV-ETH liquidity pool on ZkSync ERA.
• Allocation of XXX sprMAV for initial incentivization until April 5th, with subsequent incorporation into bi-weekly voting.