SIP-46: Add SPA/USDs and USDs/USDC Camelot farms to be launched by Demeter to the SPA gauge and reallocate the bribes

Author: Sperax DAO Core Team Reference: Gauge docs, Sperax app gauge page; Camelot exchange Created: May 4, 2023 Labels: #Liquidity-mining

Simple summary

Two key Sperax liquidity pools on Arbitrum - SPA/USDs and USDs/USDC- will be launched on Camelot. The Sperax team offers to connect them to the Sperax Gauge and reallocate bribes across the pools.

Overview

After the successful integration of the Sperax Demeter Gauge and Bribes with UniswapV3, the Sperax DAO will launch two key liquidity pools on Camelot - SPA-USDs and USDC-USDs. To be eligible for a Chainlink oracle Sperax protocol needs to create deep liquidity for SPA across at least 3 DEXs. Being built on top of the Camelot mechanism, Sperax Demeter farms will prioritize long-term liquidity mining over mercenary capital. The total value locked in these two farms will be meaningful for overall Sperax TVL, driving revenue to Sperax USD protocol and SPA stakers.

Technical Specification

Add SPA/USDs and USDs/USDC farms to the SPA Gauge on Camelot
Add bribes to the farms from the current Bribe budget

Voting

For

Add SPA/USDs and USDs/USDC Camelot farms (when they launch) to the SPA Gauge and add bribes.

Against

Don’t add the farms to the Gauge

start

May 7, 2023

12:31 PM

end

May 10, 2023

12:31 PM

Voting

off-chain

Voting type

single-choice

Voters

5,689

Votes

605,425,316

Final Votes

closed

For

605.2M veSPA

99.97%

Against

177.1K veSPA

0.03%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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Voting

100,000

Voting type

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Starts in

100,000

Voters

1,000,000

Votes

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Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%