Gauge Request Presentation:
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Spectra Wrapped IBT address : 0x1C77c5B76f02eD1538D5Af95A3B1f88e55178D2f
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IBT contract address: 0x7C1156E515aA1A2E851674120074968C905aAF37
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Current TVL in the Pair’s liquidity: $17,364
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Current TVL as IBT: $94.31M
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Twitter: @levelusd
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Chain : Ethereum
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