Huge step forward for the protocol! The beginning what will be a cornerstone of the Arbitrum liquidity scene:
DAOs looking for DEX liquidity?
Pair with USDs and get added to the gauge, offer SPA to your liquidity providers.
Investors farming stablecoins?
Benefit from the boosted yield thanks to USDs in smart contracts that aren’t receiving yield. USDs auto-yield preforms better thanks to the Gauge.
Investment portfolio that is partially stablecoins?
Earn native interest rate without staking. This rate stays high thanks to the USDs in LP positions, earning rewards the gauge.
veSPA holders want to accept yield in SPA?
Ok vote for the SPA/USDs and USDC/USDs pool and earn SPA.
veSPA holders want to earn new tokens as yield?
Ok vote for that DAOs pool. I.e. earn PLS by voting emissions to PLS/USDs.
Perp DEX or vault needing liquidity?
Increased USDs circulating supply means more collateral available to deploy into strategies. SperaxDAO becomes a strategic financier which can participate in strategies like the one presented by JonesDAO.
I also like the emphasis on emission reduction with time. Right now, SPA price happens to be appreciating during a period of max emissions, but inflation reduction is still critical.
Also fond of the marketing benefit. Promoting of the “Upcoming Catalyst” every 90 days will be big. Can provide a recurring cadence to spread the word about the SPA gauge and encourage DAO to participate by bribing for launching USDs pairs and bribing for SPA emissions.
Overall thumbs up from my end.