stUSD Gauge Listing Request

Gauge Request Presentation:

  • Targeted Pair: stUSD-LP
  • IBT contract address: 0x0022228a2cc5E7eF0274A7Baa600d44da5aB5776
  • LP contract address: 0xc6e949f57d365fb73015d21a2d1a9da93e938d52
  • Current TVL on in the Pair’s liquidity: $1.9k
  • Current TVL as IBT: $5.2m on Ethereum, $6.4m globally
  • Twitter/Discord links:
  • Chain: Ethereum

Simple summary:

Angle is a decentralized stablecoin protocol, behind 2 stablecoins: EURA and USDA.
Both stablecoins come with their native yield solution (stEUR and stUSD) derived from the yield that the protocol is earning on its reserves. There is no entry cost, or fees to move from USDA into stUSD back and forth. Contrarily to other savings solutions, there is no lock up to get into Angle savings products.
When it comes to stUSD, yield comes from several sources:

  • RWAs held by the protocol in its reserves
  • low risk yield strategies that the protocol performs with its backing
  • borrowing interest paid by people borrowing USDA
    Full backing is transparently available here.
    The protocol is so far sharing 90% of its yield earnings to stUSD holders in an automated way.
    The interesting thing here is that people use USDA for other reasons than stUSD. To this extent, the stUSD yield can be higher than the net interest margin of the protocol.
    Currently, stUSD yield is typically 20%

This proposal aims to add a Gauge for the stUSD LP Spectra Pair
The pool for the stUSD LP pair is live since the launch of Spectra.

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 stUSD yield and those who want to lock in their yield.
The policy with stUSD is that it should offer a yield which is the best of very low risk DeFi and TradFi yield. Anyone willing to take a long or short position on what this yield looks like and what’s the multiplier effect within Angle should be able to do so, and a gauge will help in facilitating this!

Benefit of this integration for Angle protocol

  • Additional yield opportunities for the community or the protocol treasury
  • 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
  • Angle has launched an integration program to reward projects building on top of USDA and stUSD. Spectra was whitelisted as one of the initial participants, and with this Spectra will accure Angle Prots that will later be convertible in Angle tokens. This in effect allows Spectra to become an active stakeholder within Angle and owner of the protocol.


Angle TVL: $43m
stUSD TVL: $6m
stUSD current APY: 20%
Twitter followers: 53k
Discord server: 30k


Integration in Angle Prots system

Community poll:

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

I support the proposal