Spectra (SPECTRA)

Today, under SGP21, I propose to reduce SPECTRA emissions to zero.

SPECTRA issuance was always a way to spend on growth. In the current setup, that spending now returns less than it costs, so the case for continuing it has run its course. Pausing the mint prevents dilution of holders and keeps the token supply steady.

What would stay in place is everything that gives veSPECTRA its value: locks, governance, and voting rights untouched, fees still accruing to the treasury, LP fee shares and underlying yield unaffected.

With zero issuance, every position holds a stable, undiluted share of supply.

Personally, I think this is a necessary turning point for the protocol's model. With everything taking shape around the protocol right now, the timing feels right to move past gauges. A model that sustains itself, with a steady supply and value retained by those who hold it. And it stays reversible. If there's a reason to run emissions again, a future SGP can turn them back on.

Join the discussion https://t.co/zuPx

I am very excited about where things are headed for Spectra. A few things I want to share, in no particular order:

- The value proposition of MetaVaults is working. We are seeing curators source liquidity and incentive packages for their MV deployments independent of Spectra's internal BD efforts. Any founder or BD person will understand how impactful it is to have an independent party capable of sourcing liquidity without a single call or text message.

- The second MV value proposition: liquidity rollovers, the biggest pain point of fixed-term markets. Smaller-scale rollovers have already executed with zero friction to liquidity providers. The model holds so far, and a significant pool expiry next month will be its first test at scale.

Both of these dynamics remain somewhat masked by market turbulence, but the early signs are evident.

- The team has been developing MetaVault V2, and recently completed an important audit with @Certora covering the key components ahead of the Order Book implementation and

If you're earning $SPECTRA in any of your LPs and don't want to lock the token long‑term but want to use it for something, you can provide liquidity in this @Scale_Farm pool.

They are offering a 78% APR with incentives in their own token. Liquidity is low, be careful. https://t.co/3AYjyqIPgT