Gauge Request Presentation:
- Targeted Pair: 0x1dd42dd08af91ef8bcbb55c1f11c9239a101237e
- IBT contract address: 0x7FcD174E80f264448ebeE8c88a7C4476AAF58Ea6
- Current TVL on in the Pair’s liquidity: $145
- Current TVL as IBT: $2m
- Origin Protocol Twitter: x.com
- Origin Protocol Discord: Origin Protocol
- Origin Protocol Telegram: Telegram: Contact @originprotocol
- chain : Base
Simple summary:
Super OETH (superOETHb) is the next iteration of OETH, a superior LST with an extremely tight peg (1:1 redemptions to ETH thru Origin’s ARM) and high yields thanks to a combination of the OETH AMO and DVT direct staking through SSV/P2p. superOETHb was built reusing 90% of the code from OETH, which is already a supported asset on Spectra.
Super OETH is the first token in a new category of liquid staking: Supercharged LSTs. Supercharged LSTs will have materially higher yield while being designed for L2s, with a similar risk profile to mainnet LSTs. Ethereum liquid staking is amplified with chain-specific, auto-compounded incentives. Deep concentrated liquidity pools guarantee exits with minimal costs - users will never lose ability to convert back to ETH. Super OETH will maintain a considerably higher yield than mainnet OETH, but will live entirely on L2s. It is an absolutely excellent token for yield trading and speculating.
wsuperOETHb is a ERC-4626 tokenized vault designed to accrue yield in price rather than in quantity. When you wrap superOETHb, you get back a fixed number of wsuperOETHb tokens. This number will not go up - you will have the same number of wsuperOETHb tokens tomorrow as you have today. However, the number of superOETHb tokens that you can unwrap to will go up over time, as wsuperOETHb earns yield at the same rate as standard superOETHb. The wsuperOETHb to superOETHb exchange rate can be read from the contract (function number 16), or via the OETH dapp.
Current exchange rate as of 8/30/24: 1 wsuperOETHb = 1.00117206 superOETHb
This proposal aims to add a Gauge for the wsuperOETHb LP Spectra Pair. The pool for the wsuperOETHb LP pair is live since August 30, 2024.
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 wsuperOETHb yield and those who want to lock in their yield.
Benefit of this integration for Origin protocol
- Additional yield opportunities for the community
- Increase the visibility of the project
- Increase the TVL of the liquidity pool
Benefit of this integration for Spectra
- Increase the tokenized TVL and the AMM TVL
- Diversify the yield possibilities
- Increase Spectra’s visibility
- bribes for APW token holders
Metrics:
superOETHb TVL: $2M (825 ETH)
Community stats:
Twitter: 170.9k followers
Discord: 43,506 members
Telegram: 24,224 members
Community poll:
- Yes, add wsuperOETHb pool to Spectra’s gauge system
- No, do not add wsuperOETHb to Spectra’s gauge system
- Yes, add wsuperOETHb pool to Spectra’s gauge system
- No, do not add wsuperOETHb to Spectra’s gauge system