yUSD Gauge Request
- Targeted Pair: LP-yUSD12NOV2025
- IBT Contract Address: 0x702bb558601e597b513f704e2017e378912baf96
- Current TVL in the Pair’s Liquidity: ~$358
- TVL YieldFi yUSD: $14,706,011
- Twitter: https://x.com/GetYieldFi
- Website: https://yield.fi
- Chain: Ethereum
Simple summary
yUSD is a yield-bearing stablecoin issued by YieldFi, fully backed by USDC. It accrues yield internally using a diversified strategy across different DeFi money legos. The token follows the ERC-4626 standard and the native underlying asset is USDC.
This proposal aims to add a gauge for LP-yUSD12NOV2025 on Ethereum to bootstrap liquidity.
Benefit of this integration for YieldFi
- Could support PT-yUSD looping strategies via Morpho (and AAVE)
- Unlocks a larger layer of possible strategy space for yUSD across DeFi
- YieldFi and arbitrageurs will be able to arbitrage the different rates between, Napier, Pendle and Spectra and execute delta neutral farming strategies
- By deploying yUSD into Spectra, through looping, YieldFi could gain $4-6.5M USD in TVL, per million dollar worth of liquidity deployed, depending on the collateral health factor and the leverage used.
Benefit of this integration for Spectra
- Adds a new stablecoin-backed PT market
- Could PT-yUSD looping strategies via Morpho
- Attracts institutional players seeking predictable, yet high-yielding opportunities
- Allows smart players, to arbitrage the price differences between PTs and YTs on different platforms
Context
- YieldFi is currently scaling with ~14,7M in deposits
- It makes sense for YieldFis LPs to deposit through Spectra, as outlined in the benefits section above
Vote
Create a gauge for LP-yUSD12NOV2025 on Ethereum?
- Yes, create a gauge
- No, do nothing
- Abstain
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