SIP-42 Add arUSD-USDs farm to the SPA Gauge

Author: Arable Protocol core team Reference: dApp, Docs
Created: April 11, 2023 Labels: #Liquidity-mining

Simple Summary

Arable Protocol offers to add the Demeter farm arUSD-USDs to the SPA Gauge.

Motivation

Adding arUSD-USDs to the SPA Gauge will support the liquidity mining of arUSD, increase Sperax TVL, and reward SPA stakers.

Overview

Arable Protocol has created arUSD-USDs farm on Demeter which has already launched on 04/10/2023 with ACRE rewards and is looking to add SPA rewards from the gauge to go along with the ACRE rewards.

We plan to support SPA stakers with ACRE bribes and thus propose to add the farm to the Gauge to foster arUSD liquidity, increase Sperax TVL, and drive revenue to Sperax USD protocol and SPA stakers.

An added benefit to this pool is that since the arUSD-USDs farm is a stable farm, the impermanent loss risk for Liquidity Providers will be minimal.

arUSD will be mainly used for leveraged trading and farming on the Arbitrum network and USDs will be used as an intermediary asset and this will increase the trading volume of USDs.

Technical Specification

Add to the Gauge the farm arUSD-USDs launched on Demeter.

Voting

For

Add arUSD-USDs farm to the Gauge

Against

Don’t add the farm to the Gauge

start

April 14, 2023

3:47 AM

end

April 17, 2023

3:47 AM

Voting

off-chain

Voting type

single-choice

Voters

5,688

Votes

90,889,410

Final Votes

closed

For

90.8M veSPA

99.88%

Against

108K veSPA

0.12%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%