Author: Overnight Finance
Reference: App, Docs
Created: April 25, 2023
Labels: #Liquidity-mining
Summary
Overnight Finance offers to add the Demeter farm USD±USDs to the SPA Gauge.
Motivation
Adding USD±USDs to the SPA Gauge will support the liquidity mining of USD+, increase Sperax TVL, and reward SPA stakers.
Overview
Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors.
‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night. It is a DeFi protocol specialising in delta-neutral strategies.
Protocol Overnight Finance has created USD±USDs farm on Demeter and it is going to be launched soon.
Our proposal is to include the farm in the Gauge to enhance the liquidity of USD+ and increase the TVL of Sperax. This will enable us to provide incentives to SPA stakers through USD+ bribes, thereby boosting revenue for the Sperax USD protocol and SPA stakers.
Technical Specification
Add to the Gauge the farm USD±USDs launched on Demeter
Voting
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Add USD±USDs farm to the Gauge
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Don’t add the farm to the Gauge
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