Add SPECTRA-wETH on Ethereum to the Gauge Controller

Gauge Proposals
1

Summary:

Proposal to add the SPECTRA-wETH Pool on Ethereum Mainnet to the Gauge Controller.

References/Useful links:

Pool Link: Curve.finance
Pool Address: 0x7Af10F88905dD233b41d5D4CABAb98161A737983
Gauge Address: 0x4a2f7266BbDd6aAAcf38756897118f251967DD9d

• Website: https://www.spectra.finance/

• Documentation: https://docs.spectra.finance/

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

Protocol Description:

Spectra is a yield tokenization protocol that splits ERC-4626 vaults of underlying Interest-Bearing Tokens (IBT), into Principal Tokens (PTs) and Yield Tokens (YTs), enabling separation of fixed and variable yield components.

All PT/IBT liquidity is routed through Curve factory pools, which form the core settlement layer for Spectra’s yield markets.

Motivation:

Spectra is directly aligned with the Curve ecosystem. All PT/IBT trading occurs on Curve factory pools, and 20% of Spectra protocol revenue is shared with veCRV lockers.
Adding a gauge for SPECTRA-wETH pool allows Spectra to participate in the birb economy.

Specifications:

  1. Governance: Spectra is governed by veSPECTRA holders.
  2. Oracles: Spectra is not reliant on external oracles, as it uses Curve AMM infrastructure.
  3. Audits: Spectra has undergone mulitple security audits.
  4. Centralization Vector: Certain administrative features are controlled by a Multisig.
  5. Market History: https://www.coingecko.com/en/coins/spectra-finance
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