Gauge Request Presentation:
- Targeted Pair: uniBTC-LP
- IBT contract address: 0x6e0dccf49d095f8ea8920a8af03d236fa167b7e0
- LP contract address: 0x51Eb2e963DD713a5863E548BB10C3aF36C815eb7
- Current TVL on in the Pair’s liquidity: $14k
- Twitter: x.com
- Discord: Bedrock DeFi
- Chain: Optimism
Simple summary:
Bedrock is a multiple asset liquid restaking protocol, backed by a non-custodial solution designed in partnership with RockX, a longstanding blockchain infrastructure company with strong roots in crypto staking.
Bedrock support multiple assets to do both restaking / staking including:
- uniBTC: uniBTC with Bedrock is a non-custodial liquid restaking solution powered by Babylon chain for BTC holders to enjoy restaking rewards by activating idle capital to validate PoS chains. Bedrock supports multiple network and wrapped BTC assets including: wBTC and FBTC on Ethereum, FBTC on Mantle, wBTC on Optimism, native BTC on Bitlayer and B^2.
- uniETH: Designed to natively restake and harness additional EigenLayer rewards, Bedrock brings together institutional-grade security and additional yield to liquid staking ETH.
- uniIOTX: The liquid staking solution on IoTeX blockchain removes several drawbacks that exist with Delegated Proof of Stake on IOTX.
This proposal aims to add a Gauge for the uniBTC LP Spectra Pair on Optimism.
The pool for the uniBTC LP pair has been live since the launch of Spectra markets on Optimism.
We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of our PT, as it would facilitate the creation of a liquid market between those who want to long the uniBTC yield and those who want to lock in their yield.
Benefit of this integration for Bedrock protocol
- Additional yield opportunities for the community
- Increase the TVL of the liquidity pool
- Increase the visibility of the project
Benefit of this integration for Spectra
- Increase the tokenized TVL and the AMM TVL
- Diversify the yield possibilities
- Increase Spectra’s visibility
Metrics:
- Bedrock TVL: $170m
- uniBTC TVL: $4m
- Twitter followers: 16.9k
- Discord server: 19k
- Telegram: 2.6k
Community poll:
- Yes, add uniBTC pool to Spectra’s gauge system
- No, do not add uniBTC to Spectra’s gauge system