SGP 11 Governance Vote: Ownership Transfer to Spectra DAO

The SGP 11 vote aims to shift control of Spectra’s deployed contracts on Katana from Perspective SAS to the Spectra DAO [https://snapshot.org/#/spectradoao.eth]. Launched on July 9, 2025, this proposal aligns with Spectra’s expansion strategy, capitalizing on Katana’s $178M USD total value locked (TVL) and $7.3M daily DEX volume since its late June debut [spectra.finance]. The transfer signifies a leap toward true decentralization, letting DAO members govern interest rate derivatives—a core Spectra feature. With a quorum of 356% already met, the outcome could boost trust and adoption, though only 12.9% have voted so far [snapshot.org]. Risk disclaimer: As with all DeFi votes, ensure you research thoroughly to avoid potential scams.

Recent News

Spectra has been on a roll. In May 2025, the protocol secured $5M in funding from top-tier VCs to enhance its open-source derivatives platform [coindesk.com, May 15, 2025]. Katana’s launch in late June 2025 marked a milestone, introducing asset rehypothecation and a ve(3,3)-system (vKAT), driving its explosive TVL growth [katanamrp.com]. This context sets the stage for SGP 11, reflecting Spectra’s aggressive expansion.

Future Plans

Post-vote, Perspective SAS plans to deploy Spectra’s core contracts on Katana, mirroring Ethereum Mainnet setups, and transfer ownership to the DAO wallet [perspectivefi.notion.site]. Roadmap highlights include integrating rehypothecated liquidity for yield trading and fixing interest rates, aiming to capture a slice of Katana’s innovative capital efficiency model by Q4 2025 [spectra.finance].

Onchain Data

Specific onchain metrics for Spectra on Katana are limited as of now, given the recent deployment. However, Katana’s $178M TVL and $7.3M daily volume suggest robust activity [defillama.com]. We’ll update with staking or transaction data as it emerges on platforms like Dune Analytics.

Community Sentiment

X reactions are mixed but engaged. Users like @Crypto_Texan call for voter turnout with a playful “samurai” nod [X, July 9, 2025], while @Defi_Hannie praises the governance shift [X, July 10, 2025]. A cautionary voice, @Cryptonic202020, flagged a potential scam [X, July 10, 2025], reflecting healthy skepticism. Influencers await @TravisNolan82’s take, which could sway sentiment [X, July 9, 2025].

Additional Insights

Katana’s rehypothecation model rivals competitors like EigenLayer’s restaking, offering users re-lending and liquidity provisioning perks. With DeFi TVL rising 15% in Q2 2025 [defillama.com], this vote could position Spectra as a leader. For participants, voting requires Spectra tokens—check eligibility on Snapshot!

Mark your calendars for July 16, 2025, and join the governance revolution. Stay informed, stay safe!