Gauge Request Presentation:
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Targeted Pair: 0x25B2BAcF89b78C8D1815b500c02593A5d668EA51
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IBT contract address: 0xc1256Ae5FF1cf2719D4937adb3bbCCab2E00A2Ca
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Spectra Wrapped IBT: 0xBDE752ef69880c00a795D88438040b8f737Eb254
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Current TVL on in the Pair’s liquidity: $17
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Current TVL as IBT: $53.76M
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Chain : Base
Simple summary:
The Moonwell Flagship USDC Morpho vault is curated by B.Protocol and Block Analitica and aims to optimize interest earned from lending USDC on the WETH/USDC, wstETH/USDC, and rETH/USDC collateral markets.
Benefit of this integration for Moonwell and Morpho
- More liquidity
- Increased visibility
- Additional yield opportunities for their community
Benefit of this integration for Spectra
- More yield opportunities for APW holders
- Increase Spectra’s tokenized TVL
- Increased Visibility for Spectra
Metrics:
- The current Native APY is 1.4% in USDC, 8.5% in WELL, and it is additionally boosted with MORPHO incentives
- Moonwell’s total TVL on Base is $109.65M
- Morpho’s total TVL on Base is $187.14M
Community poll:
- Yes, create a gauge for the mwUSDC pool
- No, do not create a gauge for the mwUSDC pool