# Spectra Bi-Weekly Update 05/09/2024

**URL:** https://gov.gmx.io/t/spectra-bi-weekly-update-05-09-2024/3897
**Category:** Uncategorized
**Created:** [September 6, 2024, 6:11pm UTC](https://gov.gmx.io/t/spectra-bi-weekly-update-05-09-2024/3897 "2024-09-06T18:11:30Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![absoluteunit](https://avatars.discourse-cdn.com/v4/letter/a/a3d4f5/32.png) [@absoluteunit](https://gov.gmx.io/u/absoluteunit)
#### Post date: [September 6, 2024, 6:11pm UTC](https://gov.gmx.io/t/spectra-bi-weekly-update-05-09-2024/3897/1 "2024-09-06T18:11:30Z")

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**Spectra Grant Bi-Weekly Update**

**Date: 5 September 2024**

**I. Executive Summary:**

**a) Roadmap Progress**

 

**Similar to last week, tough market conditions have caused a bit of a lag in TVL**

 

**b) Milestone/KPI Achievements**

 

**Also same as last week, we are pushing to work with more LPs but they are waiting and hedging their position to accommodate for current market conditions**

 

**II. Current Progress:**

 

**$411k TVL in gmBTC && ~10% APY  
$150k TVL in gmETH && ~8.58% APY**

 

**III. Community Engagement:**

 

**N/A**

 

**IV. Partnerships and Collaborations:**

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### Author: ![Jonezee](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/jonezee/32/1238_2.png) [@Jonezee](https://gov.gmx.io/u/Jonezee)
#### Post date: [September 27, 2024, 7:08pm UTC](https://gov.gmx.io/t/spectra-bi-weekly-update-05-09-2024/3897/2 "2024-09-27T19:08:27Z")

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Sorry to see there wasn’t more progress, it’s a pity.

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### Author: ![Alik1975](https://avatars.discourse-cdn.com/v4/letter/a/9dc877/32.png) [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [September 28, 2024, 1:26am UTC](https://gov.gmx.io/t/spectra-bi-weekly-update-05-09-2024/3897/3 "2024-09-28T01:26:02Z")

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Worthless project that has to be abandoned.