1. Project Name: Stable Spring Campaign by SE
6. Atlas Profile: https://atlas.optimism.io/profile/organizations/0xa293efebf21cf765e342ae441bfe4cc42dc556c81d9cee2368311f30c7532bcb
7. Total OP Requested: 375000
8. Grant L2 Delivery Address: 0x5eE94B80d60880f25048b61588d8CB23C79AA3Ae
10. Project & Program Overview: The SE Stable Spring campaign is a 12-week, data-driven program managed by Superchain Eco to optimize stablecoin liquidity and lending across the Superchain. A key priority for becoming the hub for institutional development and growth. **The Problem: Fragmented Inefficiencies** While OP chains share a technical foundation, their markets remain fragmented. Our research reveals significant capital inefficiencies: **- Yield Disparity: **APY for the same asset varies by **up to 300%** across the Superchain. **- Sub-optimal Positioning:** Most capital sits in low-utility positions, leaving high-yield opportunities unfilled. **- OP Mainnet not leading:** For many key pairs, OP Mainnet is NOT the primary hub yet. **- Incentive Waste:** Current reward distribution lacks the precision to bridge these gaps **The Solution: Targeted Coordination** We will unify these rates through data-driven incentives and the Super Account solution (110K+ accounts). By leveraging our direct relationships with core protocols like Velodrome, Morpho, and Optimism, we will direct users to high-impact pools to ensure efficient capital rotation and unified utility. Our program will focus for ~80% on increasing OP Mainnets role as primary liquidity hub in the Superchain. The other 20% will be allocated to Superchain member chains who are part of the Superchain list and provide relatively high contribution to onchain revenue to the Optimism Collective. We optimized for joined TVL and volume in priority asset pools that contribute to Optimism Collective revenue using our data methodologies. **Proven Execution & Reach** Our team brings a battle-tested methodology for managing large-scale liquidity: **- Operational Success:** Managed over $800,000 in incentives, supported the SuperStack program, and attracted $30M in TVL through Lisk Surge programs. **- Massive Distribution:** A monthly reach of 250K+ ensures high visibility for the campaign. **- Projected Impact:** We aim to activate 10K+ users and secure an average of $2-4M in new stablecoin deposits across the ecosystem for the full S9 duration.
11. Target Liquidity Pairs & Pools: | Name | Protocol | Chain | Priority | Trading Fee | |------|----------|-------|----------|-------------| | USDC / USDT - CL1 | Velodrome | **OP Mainnet** | High | 0.0052% | | USDT0 / USDC - CL1 | Velodrome | **OP Mainnet** | Medium | 0.0100% | | USDT0 / USDT - CL1 | Velodrome | **OP Mainnet** | Medium | 0.0100% | | WETH/wstETH | Velodrome | **OP Mainnet** | High | 0.0090% | | WETH / OP - CL200 | Velodrome | **OP Mainnet** | High | 0.0393% | | USDT / USDC - CL1 | Velodrome | **CELO** | Medium | 0.0090% | | USDT0 / USDC - CL1 | Velodrome | **Ink** | Medium | 0.0200% | | USDT0 / USDG - CL1 | Velodrome | **Ink** | Medium | 0.0200% | | USDT0 / GHO- CL1 | Velodrome | **Ink** | Medium | 0.0200% | A detailed overview of our targets per pool, initial cycle incentives based on data and asset + token research can be found in the [Stable Spring Dashboard (linked here). ](https://docs.google.com/spreadsheets/d/1pm-hAAuRJXFBzj8rPr9WJlCezoXX-g2PFqlpoff_gxY/edit?usp=sharing)
12. Lending Market Alignment: | Asset 1 | Asset 2 | Network | Morpho (Asset 1) | Aave (Asset 1) | Morpho (Asset 2) | Aave (Asset 2) | Comp (Asset 1) | Comp (Asset 2) | |---------|---------|---------|-------------------|----------------|------------------|----------------|----------------|----------------| | USDC | USDT | OP Mainnet | Borrow | Both | None | Both | Both | Both | | USDT0 | USDC | OP Mainnet | None | None | Borrow | Borrow | None | Both | | USDT0 | USDT | OP Mainnet | None | None | None | Borrow | None | Both | | WETH | WSETH | OP Mainnet | Collateral | Both | Collateral | None | Both | Both | | WETH | OP | OP Mainnet | Collateral | Collateral | None | Both | Both | Collateral | | USDT | USDC | CELO | Both | Both | None | Both | N/A | N/A | | USDT0 | USDC | Ink | Both | None | Borrow | None | N/A | N/A | | USDT0 | USDG | Ink | Both | None | Borrow | None | N/A | N/A | | USDT0 | GHO | Ink | Both | None | Borrow | None | N/A | N/A |
13. Current Baseline Metrics: | Name | Volume 1m | Volume M / TVL | |------|-----------|----------------| | USDC / USDT - CL1 | $42,803,130 | 141.21 | | USDT0 / USDC - CL1 | $6,832,260 | 48.38 | | USDT0 / USDT - CL1 | $4,025,640 | 25.87 | | WETH/wstETH | $73,780,560 | 43.49 | | WETH / OP - CL200 | $126,819,390 | 265.89 | | USDT / USDC - CL1 | $18,074,340 | 445.83 | | USDT0 / USDC - CL1 | $57,442,620 | 78.56 | | USDT0 / USDG - CL1 | $42,080,550 | 20.06 | | USDT0 / GHO- CL1 | $21,879,390 | 20.58 |
14. Incentive Design: The SE Stable Spring campaign utilizes a 12-week, three-cycle structure designed to prioritize capital efficiency and long-term retention over "mercenary" liquidity. ### Distribution Framework - **DEX Liquidity (80%):** Targeted incentives for Velodrome pairs, weighted by fee-to-TVL ratios and asset utility in lending markets to ensure rewards flow to the most productive pools. Allocation will be calculated and tracked via our **[Stable Spring Dashboard (link)](https://docs.google.com/spreadsheets/d/1pm-hAAuRJXFBzj8rPr9WJlCezoXX-g2PFqlpoff_gxY/edit?usp=sharing)**. - **Utility & Milestone Rewards (20%):** Distributed via Super Accounts to users meeting specific lending, borrowing, and volume thresholds. We reward certain key behaviors through badges and overall holistic program participation with the final Stables Spring campaign rewards. ### Mitigating Extraction & Wash Trading We move beyond the "park-and-dump" model by implementing three core safeguards: - **Reputation Gating:** Loyalty bonuses for established Superchain Power-Users and SuperStack participants favor "sticky" capital over anonymous, short-term attackers. - **Staking Requirements:** Minimum S9 TVL deposit thresholds act as a barrier to entry for Sybil wallets and low-value extractors. - **Iterative Audits:** Our 4-week cycle cadence allows us to analyze pool-level data and programmatically adjust incentives to neutralize wash trading or inefficient capital allocation in real-time.
15. Milestones to unlock OP distribution: Completion of Cycle 1 + progress report and updated rewards for Cycle 2 & 3
Pending
Due: May 15, 2026
During Cycle 1, we will distribute all DEX incentives and badge rewards while generating a comprehensive interim performance report. These insights will directly inform and optimize the incentive structures for Cycles 2 and 3, ensuring data-driven agility throughout the campaign.
Completion Criteria:
Completion of Cycle 1 in line with onchain targets defined for Cycle 1 (max 30% off target to proceed) + progress report and updated rewards for Cycle 2 & 3
16. Final Milestone for Grant Completion: Completion of program and publication of post program report
Pending
Due: Jul 1, 2026
- **Operational Execution:** Seamless delivery of Cycle 2 and 3 incentive allocations. - **Campaign Conclusion:** Successful wrap-up of all Super Account Stable Spring activities. - **Final Delivery:** A comprehensive performance report analyzing TVL growth, user retention, and capital efficiency across all cycles.
Completion Criteria:
A comprehensive performance report analyzing TVL growth, user retention, and capital efficiency across all cycles.
17. Additional information you consider relevant: Add any information that should be considered, and has not been previously covered in the form. Grants-as-a-service arrangements (if any) must be disclosed here. - Threads covering our Lisk Surge campaign, growing Lisk TVL over $25M ([link](https://x.com/LiskDAO/status/1943679973480452464)) - Badge stats from SuperStacks show that over 11,000 of 30,000 (33%) of SuperStack earners utilized Super Account ([link](https://dune.com/superchain_eco/super-accounts)). - Public analytics dashboard showing our month-by-month website usage and reach ([link](https://docs.google.com/spreadsheets/d/11OliTrC0AoUknC85SVOLOV6xggWx9jcMMcvXQpZJ49A/edit?usp=sharing)).
18. I confirm that I have read and understand the Grant Policies: Yes
19. I understand that I will be required to provide additional KYC/KYB information to the Optimism Foundation to receive this grant: Yes
20. I confirm that my grant will be subject to clawback for failure to execute on Critical Milestones: Yes

Application for Optimism Season 9 - Growth Grants

Application details

Completion of Cycle 1 + progress report and updated rewards for Cycle 2 & 3

Completion of program and publication of post program report