Add SPC/ETH pool on Ethereum to the Gauge Controller

Gauge Proposals
1

Gauge Proposal Template:

Summary:

Add SPC token to the Curve ecosystem

References/Useful links:

Link to:

• Website: https://www.spacechain.com/

• Github Page: https://github.com/spacechain

• Communities: https://x.com/spacechain

• CMC: https://coinmarketcap.com/currencies/spacechain/

SPC ERC20 contract (Ethereum): 0x86ed939B500E121C0C5f493F399084Db596dAd20

Curve pool: https://www.curve.finance/dex/ethereum/pools/factory-twocrypto-244/deposit

Curve pool contract: 0x6dC8dE7343D2E3B4e5EF9A196e946ae4d460E2D0

Curve gauge: 0x46b17b13490fF4dcd435d5d06f9Bf8649e2911Aa

Protocol Description:

The SPC token is the primary community token of the Spacechain community, which has existed since its long-ago origin in 2017.

Motivation:

Robust legacy support: Joining the Curve ecosystem is the most economically efficient way to continue supporting existing SPC token holders and users. Our current method of Sushi LP pools + buy-back has a higher cost of capital versus Curve LP incentivization.

Specifications:

  1. Governance: Ungoverned, freely trading ERC20 token for the Spacechain community (genesis year 2017).

  2. Oracles: none. Just a freely trading ERC20 token.

  3. Audits: SPC is a standard OZ ERC20 token.

  4. Centralization vectors: The token and project are ungoverned. The only centralization vector is the Spacechain treasury holding of SPC tokens.

  5. Market History: The Curve pool of SPC/ETH is new. The overall market history can be seen at CMC, and it largely trades within a price band the past few years.

ETA: We plan continual support via StakeDAO votemarket, to be specific.

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