*Targeted Pair: https://basescan.org/address/0xc6fbb3497d9a3920f2033ee57ec4f7e99ba280a9 *IBT Contract Address: https://basescan.org/address/0x89cc2a57223fa803852b6b4e65c6e376d49909f9 *Current TVL on the Pair’s Liquidity: $32,000 *Current TVL as IBT: $257,000 *Twitter: Jarvis_Network *Chain: Base
This proposal aims to add a Gauge for the Super jEUR Spectra Pair, a yield-bearing Euro token on Base.
jEUR is a crypto-backed stablecoin, over-collateralized by a reserve of aUSDC. The aUSDC in the reserve are supplied by liquidity providers (who are short on EURUSD) and by users buying jEUR with USDC. jEUR is also collateralized by ETH, WSTETH, cbETH, stEUR, stUSD and cbBTC through Morpho on Base.
Super jEUR (sjEUR) is staked jEUR. sjEUR offers a euro-denominated yield-bearing solution, redistributing the revenues generated by our protocol to its holders.
By adding this pool to the Spectra gauge system, we can incentivize liquidity for Super jEUR, for allowing users to speculate on the yield or get fixed rate.
This will be the first step for us toward creating a whole ecosystem around Super jEUR and PT - Super jEUR.
The Jarvis Network DAO has also built a position in SPECTRA.