[SGR] Create lvlUSD Gauge

Gauge Request Presentation:

Simple summary:

Level is a stablecoin protocol that issues lvlUSD, a crypto-native stablecoin pegged to 1 USD, backed by fiat stablecoins like USDC and USDT. These assets are deposited into lending protocols to generate yield. slvlUSD, the yield-bearing version of lvlUSD, automates the yield accumulation.

Benefit of this integration for Level

  • More liquidity & Additional yield opportunities for their community

Benefit of this integration for Spectra

  • More yield opportunities for SPECTRA holders
  • Increase Spectra’s tokenized TVL
  • Increased Visibility for Spectra

Metrics:

  • The current Native APY is 8.32%.
  • Level’s total TVL on Ethereum is $94.31M
  • 77.57M lvlUSD in circulation

Community poll:

  • Yes, create a gauge for the lvlUSD pool
  • No, do not create a gauge for the lvlUSD pool
  • Yes
  • No
0 voters