[SGR] inwstETHs (Maturity July 2025) Gauge Listing Request

Gauge Request Presentation:

  • Targeted Pair: LP-inwstETHs
  • Pool contract address: 0xe119bad8a35b999f65b1e5fd48c626c327daa16b
  • IBT contract address: 0x8E0789d39db454DBE9f4a77aCEF6dc7c69f6D552
  • Current TVL on in the Pair’s liquidity: $485
  • Current TVL as IBT: $74.6M
  • Twitter/Discord links: Twitter, Discord
  • chain : Ethereum mainnet

Simple summary:

This proposal seeks to introduce a gauge for the inwstETHs Spectra pool, aimed at incentivizing deposits and increasing Spectra’s TVL.

InwstETHs represents wstETH restaked via Symbiotic, utilizing Mellow-specific Vaults. Governance voting determines the delegation of wstETH to whitelisted Curators by InceptionLRT. Restakers deposit wstETH into the restaking pool and receive inwstETHs, a liquid token reflecting the underlying yield-generating restaked wstETH.

Creating this gauge could attract more deposits by offering additional incentives to liquidity providers, leading to higher TVL and enhanced protocol activity.

Benefit of this integration for InceptionLRT

  • Enhanced Yield Opportunities for inwstETHs Holders: The gauge will offer more yield-generation options for inwstETHs holders, along with risk management and hedging strategies for inwstETHs-related Liquid Funds.
  • Leverage and Looping Opportunities for LPs: Liquidity providers can use PT-inwstETHs as collateral in lending markets to borrow inwstETHs, enabling recursive strategies that amplify yield.
  • Increased Protocol TVL: The introduction of the gauge is expected to significantly increase the TVL within the inwstETHs vault, fostering liquidity and growth for the protocol.
  • Improved Visibility in DeFi: By providing innovative opportunities and increasing engagement, the protocol will gain enhanced recognition within the DeFi space.

Benefit of this integration for Spectra

  • Increase in Tokenized and AMM TVL: The integration is expected to drive a substantial increase in TVL within tokenized assets and AMM pools on the platform.
  • Broader Yield Options for Users: Spectra users will gain access to more diversified and attractive yield-generation opportunities, enhancing the platform’s value proposition.
  • Greater Exposure for Spectra
  • Potential for Bribes to Benefit APW Token Holders: The introduction of this gauge encourages bribes, further boosting rewards and benefits for APW token holders, thereby increasing its utility and demand.

Metrics:

  • Protocol TVL: $140M
  • Token TVL: $74.6M
  • Twitter: 44.3K followers
  • Discord: 5.6k members
  • Telegram: 5,914 members

Means:

  • Incentives: InceptionLRT Totems (Points) 2x + Turtle Club, Symbiotic and Mellow Points

Community poll:

  • Yes, add inwstETHs pool to Spectra’s gauge system
  • No, do not add to Spectra’s gauge system
  • Yes
  • No
0 voters
1 Like