[SGR] fGHO Gauge Listing Request
- Targeted Pair: fGHO-LP 0x39E6Af30ea89034D1BdD2d1CfbA88cAF8464Fa65 launched on Jul-04-2024 11:56:54 AM +UTC
- IBT contract address: 0x85050BEdC80eA28e53dB5F80F165d87F29d2A1bC
- Current TVL on the Pair’s liquidity: $200
- Current TVL as IBT: $830
- Underlying Token Market Cap on Arbitrum (GHO 0x7dff72693f6a4149b17e7c6314655f6a9f7c8b33): $1,850,000
- Twitter links: @harvest_finance / @GHOAave
- Discord links: Harvest / Aave Community
- Chain: Arbitrum
- Posted by: KobraD - Harvest Finance CM
Simple summary:
This proposal recommends introducing a gauge for fGHO from Harvest Finance. fGHO is an interest-bearing version of GHO, the decentralized stablecoin issued by Aave, deposited on Aave v3 - Arbitrum. By depositing GHO into Harvest Finance, users receive fGHO, which accrues interest over time.
The addition of this gauge would incentivize liquidity provision, making fGHO more attractive for trading and earning rewards. GHO is currently receiving ARB rewards as part of an LTIPP grant aimed at increasing GHO adoption and liquidity on Arbitrum. Adding a gauge for GHO will further entice Aave community to interact with Spectra, as a useful addition to the deployment of the gauge for stkGHO on Ethereum.
Harvest Finance, a renowned yield-optimizing platform, has been helping yield farmers globally maximize their crypto earnings since September 2020. Introducing an fGHO gauge supports Harvest Finance’s mission to deliver top returns to its users. Meanwhile, GHO, with a market cap exceeding $100 million, is backed by collateral assets within Aave’s V3 on Ethereum, which offers robust risk-mitigation features.
We are confident that this gauge will significantly enhance the growth and synergy between the Spectra, Harvest, and Aave ecosystems. We urge the community to support this proposal by voting to include the fGHO Liquidity Pool in Spectra’s gauge system.
Benefits of this Integration for Harvest and Aave:
- Increased yield opportunities for the respective communities
- Increased adoption of GHO
- Increased TVL of the pool
Benefit of this integration for Spectra
- Strengthening the relationship with Harvest and Aave which will result in increased visibility
- With concurrently increased yield for fGHO due to ARB rewards issued for the LTIPP grant, a gauge for fGHO will attract deposits from DeFi users looking for fixed yield.
Community Poll:
- Yes: Add fGHO-LP pool to Spectra’s gauge system
- No: Do not add fGHO-LP to Spectra’s gauge system
- Abstain