Summary:
This is a proposal on behalf of InceptionLRT to enable a gauge for insfrxETH/sfrxETH on Ethereum. insfrxETH is the Restaked Token dedicated to sfrxETH, obtained through InceptionLRT’s restaking mechanism and platform.
InceptionLRT is an isolated Liquid Restaking protocol for Liquid Staking Tokens (LSTs). Its core feature is the issuance of Isolated Liquid Restaking Tokens (iLRTs) for each restaked LST.
Abstract:
• Website: https://www.inceptionlrt.com/
• Documentation: https://docs.inceptionlrt.com/
• Github Page: GitHub - inceptionlrt/smart-contracts: Smart contracts, vaults, tokens, and associated tests for the InceptionLRT project
• Communities: x.com, Discord: InceptionLRT
Motivation:
InceptionLRT aims to enable a gauge for insfrxETH/sfrxETH to substantially increase the liquidity of insfrxETH, while supporting its utility and viability for integration into a range of DeFi protocols.
Specification:
- Governance: ING holders participate in decision-making, influencing the protocol’s direction and policies, including the Node Operators, AVSs and restaking strategies.
Incentive Allocation: Through gauge weight voting, veING holders direct incentives and rewards towards preferred liquidity, impacting the protocol’s dynamics.- Oracles: Rate Provider for insfrxETH
- Audits: InceptionLRT undergoes security audits and checks to ensure the safety of user funds. Latest by Veridise: Audit
- Centralization vectors: The InceptionLRT Litepaper introduced the vision for Inception as a decentralized system where independent node operators work to power the growth and development of Web3. Further detailed information may be found here: EigenLayer - Inception iLRTs Docs.
- Market History: No major volatility - CoinGecko.
For:
InceptionLRT will be incentivizing insfrxETH/sfrxETH Curve LP through a 3x Totems boost and will bring LP funds to seed liquidity.
Poll: