Simple Summary:
dlcBTC is a wrapped Bitcoin token on Ethereum, designed to provide BTC holders with DeFi yields while maintaining their BTC exposure.
The fdlcBTC-WBTC Curve LP Vault (via Harvest Finance) is an LP position on Curve where dlcBTC is being used to incentivize LPs in the dlcBTC-WBTC LP and auto compounded by Harvest Finance.
We propose adding a Gauge for the fdlcBTC-WBTC LP Spectra Pair, to incentivize liquidity. This will enhance liquidity for users wanting to either long the dlcBTC yield or lock in their gains.
Benefits for dlcBTC Protocol:
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Additional Yield: More yield opportunities for dlcBTC holders and dlcBTC-WBTC LPers.
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Increased TVL: Boost in TVL for the liquidity pool.
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Project Visibility: Enhanced visibility within the DeFi space.
Benefits for Spectra:
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Higher TVL: Increase in tokenized and AMM TVL.
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Yield Diversification: Broader yield options for users.
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Platform Visibility: Greater exposure for Spectra.
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Bribe Opportunities: Potential for bribes to benefit APW token holders.
Metrics:
- dlcBTC-WBTC LP TVL: $2.75M
ARB CA: 0x493Aa6240130eD92E2B81FCFBFee500B924Ca296
Community Stats:
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Twitter: 4.4k followers
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Discord: 732 members
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Telegram: 282 members
This proposal aims to strengthen both the dlcBTC and Spectra ecosystems, offering mutual benefits through enhanced liquidity and visibility.
- Yes, add dlcBTC LP pool to Spectra’s gauge system
- No, do not add dlcBTC LP to Spectra’s gauge system