SperaxUSD: Stablecoin with organic Auto-Yield
@SperaxUSD
Followers
33,047
Following
402
Media
411
Statuses
2,038
USDs (liquid-staked stablecoin) + Demeter (multi-DEX liquidity management protocol) on @Arbitrum - Mint USDs at
www.sperax.io
Joined August 2021
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Demeter is launching this afternoon!
In 24 hours, we are hosting an AMA with Launch partners and the Sperax Team 🤝
We will be joined by
@GMX_IO
@saddlefinance
@vela_exchange
@TheLayer2DAO
@PlutusDAO_io
💥
2K
3K
5K
front end is LIVE!
The ongoing liquidity crisis is sobering, but emphasizes the need to use decentralized exchanges. Demeter makes DEX liquidity easy for every DAO.
@GMX_IO
@handle_fi
@PlutusDAO_io
@saddlefinance
@TheLayer2DAO
@vela_exchange
use it!🧵
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Read our 2022 Recap & 2023 Roadmap⚔️
In 2023, USDs becomes the stablecoin of
@Arbitrum
TL/DR 📈 🤝 💸
- SPA Gauge for USDs pairs
- High Yield USDs Vaults (+11% APR)
- Demeter / Gauge DEX partnerships
- Contributor grant program
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front end is LIVE!
The ongoing liquidity crisis is sobering, but emphasizes the need to use decentralized exchanges. Demeter makes DEX liquidity easy for every DAO.
@GMX_IO
@handle_fi
@PlutusDAO_io
@saddlefinance
@TheLayer2DAO
@vela_exchange
use it!🧵
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📢
@SperaxUSD
and
@CamelotDEX
have joined forces to boost liquidity on
@Arbitrum
using Demeter - Sperax's liquidity miner with the SPA Gauge.
Be prepared for the Demeter Farms launch with Camelot.
Rewards accrual starts on May 25: $SPA, $xGRAIL/$GRAIL
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🚨COME TEST
#SperaxUSD
($USDs)!
✅$10,000 in PRIZES 💰
✅
@Gitcoin
collab 🤝
✅Built on
@arbitrum
💪🛠
LIVE NOW:
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Sperax is joining the CoinMarketCap community.
Stay tuned!
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Docs and $USDs have been updated🧠
With SIP-6, mint 1 $USDs with 1 single stablecoin!
0 fees🚫🙅
Deposit $FRAX, $VST, $DAI or $USDC & earn gas-free yield, right in your wallet!
Check it out & tell your friends👇
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Multi-DEX SPA gauges are coming to
@arbitrum
Starting next week, DAOs can seamlessly bribe veSPA holders for SPA emissions.
SPA gauges grow USDs supply and generate a new revenue stream for veSPA, read how👇
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Sperax team believes in building for the long term
Proving this commitment to the community, the team has agreed to receive tokens in the form of locked SPA, not liquid SPA.
Team members earning >100k SPA tokens can’t access them until April 2025 or later💥
Back to building!
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🚨 veSPA is NOW LIVE! 🛵
We heard you like earning yield on $SPA... so we give you veSPA!💸
It's simple, stake your $SPA to earn more $SPA from:
- 100% of protocol fees
- 50% of yield earnings on $USDs TVL
- Sponsored $SPA rewards
Stake now
🧵👇
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📢 We're Hiring
Sperax is looking for
-Product Managers
-Marketing Manager
-Smart Contract Engineers
-Frontend Developers
-Operations Manager
-UI/UX Designer
We have internships available in Product, Econ, Marketing & Biz Dev
Check & Apply 👉
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📢 Sperax is Hiring
-Product Managers
-Marketing Manager
-Smart Contract Engineers
-Frontend Developers
-Operations Manager
-UI/UX Designer
-Community Manager
We have internships available in Product, Econ, Marketing & Biz Dev
➡️Check & Apply
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One of our first 100 followers will get something special from us on launch day…. 👀👀👀
1) RT
2) Follow
@SperaxUSD
3) Stay tuned
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Rewards are steaming folloiwng epoch 4⃣ bribes
VELA / USDs - 560% APR
BFR / USDs - 1,215% APR
@vela_exchange
@Buffer_Finance
@arbitrum
only
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Revenue Achievement🎊
@SperaxUSD
has passed $500,000 in protocol revenue!
This
#RealYield
funds USDs Auto-Yield💥
Remaining revenue mints USDs to market buy SPA - 50% of the SPA burned 🔥 50% is sent to SPA stakers 📈
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New SIP📢
The word is out,
#Demeter
Launch Partners are confirmed!
This SIP proposes a matching $SPA budget to fund a 90-day Genesis incentive campaign - first USDs farms:
@GMX_IO
,
@PlutusDAO_io
,
@saddlefinance
,
@TheLayer2DAO
Join the discussion👇🧵1/4
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SperaxDAO Monthly News
- ARB airdrop delivered
- Homepage and bribe UI upgrades
- AMA with
@CamelotDEX
+ friends
- Mint USDs with VST
- 10.72% Ave. Auto-Yield
- $38k bribe revenue
- L2D4 50% base APR $FXS (1.1M TVL)
- New SPA gauges - $LODE, $USD+, more
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Epoch 4️⃣ bribes have been added to the SPA Gauge
New bribes and USDs pairs from partners
@vela_exchange
&
@Buffer_Finance
Vote at before Thursday, 12pm UTC to earn VELA, BFR, PLS & SPA
A brief 🧵, bribes & SPA Gauges on
@arbitrum
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We are thrilled to announce
@arbitrum
has awarded SperaxDAO an allocation of 1,802,783 ARB tokens🤝
Treasury multi-sig for ARB: 0x8898A38Eb8E3104f7c98622b55260E014B3a0217
A testament to our commitment to build on Arbitrum!
Grats to
@SperaxUSD
for the launch of their stablecoin $USDs on Arbitrum One! 🎉
Check it out below. 👇
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Exciting times ahead! 🚀
The Sperax team is putting the final touches on the eagerly awaited Roadmap 2024.
Brace yourselves for some major news – it's about to unfold. Stay tuned!
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Sperax USD beta is officially LIVE on
@Arbitrum
. Start minting the 1st layer 2 yield-bearing
#decentralized
stablecoin at today! We will start integrating
@CurveFinance
for collaterals to generate passive income for stablecoin HODLS soon. Farms are coming!
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SPArtan community update⚔️,
-$USDs is now backed 1:1💪
-100% collateralized by external stablecoin collateral🔐
-Becoming algorithmic at 1% per year
-No $SPA sold🙅♂️
-Burned 250M $SPA🔥 burning 250M more by end of 2022
-Transition to on-chain DAO🧠
🔥
#1
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USDs pays weekly Auto-Yield 📈
Earn 11%
#RealYield
APY on stablecoins, just by holding.
Only on
@Arbitrum
.
Mint USDs ➡️
Farm with USDs ➡️
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📢 Preliminary announcement
Sperax will arrange AMA on May 31 together with our
@arbitrum
friends -
@GMX_IO
,
@WombatExchange
, and
@saddlefinance
Twitter Spaces invitation will follow.
What specific topics do you want to highlight?
Respond to this tweet and let us know!
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USDs pays Weekly Auto-Yield 📈
Earn 11%
#RealYield
APY on stablecoins, just by holding.
Only on
@Arbitrum
Mint USDs: ➡️
Farm with USDs:➡️
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⚡️
@SperaxUSD
is a DeFi 2.0 yield-bearing
#stablecoin
that has on-chain collateral, is fully backed, scalable and decentralized. A thread 🧵👇
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1/9
🎊$USDs is listed on ⚔️
Users all over the 🌎 can now get $USDs directly on
@Streetbeat_com
, just download the app, connect your bank and start earning 11% Auto-Yield.
Earn $5-$5000 just for signing up! Learn more:
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What are the perspectives of DeFi on
@arbitrum
?
Let's discuss it together with Sperax friends and partners:
@GMX_IO
,
@WombexFinance
, and
@saddlefinance
Set your Twitter Spaces reminder: June 2, 10:30 am EDT (2:30 pm UTC)
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💸 Auto-Yield Live At 12.10% APY 📦🪂
You might have noticed a new stat on the homepage 👀 auto-yield APY!
It's simple: hold $USDs, earn more $USDs
$USDs Auto-Yield🧵👇
- How it works
- What it means for $SPA holders
- Alpha 🏦💳👀
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📢Attention, Crypto DAOs and Projects! Sperax Demeter<>Camelot integration is live.
➡️Feel free to set up your no-code permissionless farms on
@CamelotDEX
with Demeter liquidity miner.
➡️
@SperaxUSD
if you need any support!
📢
@SperaxUSD
and
@CamelotDEX
have joined forces to boost liquidity on
@Arbitrum
using Demeter - Sperax's liquidity miner with the SPA Gauge.
Be prepared for the Demeter Farms launch with Camelot.
Rewards accrual starts on May 25: $SPA, $xGRAIL/$GRAIL
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The future is bright for
@SperaxUSD
community!
Our roadmap has one major goal: $1B $USDs circulating on
@arbitrum
The first half of 2022 roadmap below💥 👇
- New $USDs collateral
- Sperax lending pools
- Fiat on/off ramp
- VeSPA + SPA farming 👀
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Epoch 1️⃣ bribes have been added to the SPA Gauge
Go to and vote before Thursday, 12pm UTC, to collect bribes from
@PlutusDAO_io
+
@SperaxUSD
A brief 🧵, bribes & SPA Gauges on
@arbitrum
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📢SPA Gauge and bribing UI upgrades
- Global vs. Individual vote breakdown
- Bribe APR
- Bribe $ value boost
- Distribute SPA rewards button
Experience yourself:
A 🧵 on this recent upgrade👇
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Demeter rewards are LIVE! 💙 🧡
Visit to farm yourself a portfolio of
@Arbitrum
bluechip tokens!
Resource🧵
- How to farm $GMX, $PLS, $SDL, $L2DAO, $FOREX, $VELA, $SPA and more
- Benefit to SPA holders
- Genesis reward details
- Team AMA schedule
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We have a
#Hackathon
live now with
@gitcoin
, building with $USDs, with $30K in prizes! Come check it out and get involved 🔥 We cant wait to see what you build! 💻
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Learn about what makes Sperax USD $USDs a unique
#stablecoin
, powered by
@arbitrum
technology to enable live, real-time yield generation for its holders. Thanks to
@gitcoin
for hosting this AMA with us!
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📢SPA Gauge Progress Report
Total Value Bribed: $55,690
SPA Gauge emission value: $74,812
Bribe to reward ratio: 1.343
Protocols get 34% more rewards when bribing veSPA holders📈
Reduce emissions + increase liquidity today💡
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🔥May 25: New SPA/USDs and USDs/USDC
@CamelotDEX
farms to be launched on Demeter.
Sperax users who have provided liquidity to V2 pools on Camelot can move their positions from Camelot to Demeter on Camelot and get $SPA rewards on top of their standard $GRAIL / $xGRAIL rewards💰
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Mark your calendars for an
@arbitrum
panel filled with alpha!
🗓️ Apr 26
⌚ 10:30a ET 2:30 UTC
📍
@SperaxUSD
Twitter
Friends🤝
@CamelotDEX
@PlutusDAO_io
@LodestarFinance
@overnight_fi
@saddlefinance
@SperaxUSD
@TheLayer2DAO
Read for info about the panel & integration👇1/4
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Attention
@arbitrum
investors🔊🚨
Thanks to our partners, we have fresh token rewards!
@GMX_IO
@PlutusDAO_io
@saddlefinance
@TheLayer2DAO
@handle_fi
We have stablecoin and ETH farms too⚖️
How to deposit liquidity and get paid tokens! 🧵👇
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Do we have any news on the Sperax Smart Contract Audit?
Yes, we do.
All of the auditors' suggestions have been addressed and the USDs codebase has been submitted for final review.
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What an incredible poster by
@Dennis_25K
, capturing the essence of Sperax's mission!
The $USDs and $SPA family fuel the growth of our ecosystem.
Let it inspire you. Embrace the SPArtan spirit!
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💥 New partnership 🤝
@SperaxUSD
[100% collateralized stablecoin backed by on-chain collateral and generating organic yield]
and
@fluiditylabs
[the blockchain incentive layer that rewards people for using their crypto]
will work together to foster liquidity on
@arbitrum
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💥Hey SPArtans, here's a quick update for you.
Two contracts have been finalized and are ready for audit:
⚔️USDs smart contract
⚔️xSPA smart contract
Each of these contracts will undergo audits by at least two auditing teams.
We will keep you updated!
🛠️Back to building!
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🎉 xSPA token is live on
@arbitrum
!
🚀 it drives emissions back to the ecosystem
🔥 it increases SPA burn
✅ it increases USDs adoption
Currently, $SPA is emitted as bribes on the SPA Gauge and as rewards on Demeter. Liquid SPA emissions that haven't been staked create selling…
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1 $USDs = 1 USD.
Or....is it? 🤔
With current APY...
1000 $USDs after 1 year of hodling: $1105.
1000 $USDs after 2 years of hodling: $1221.
1000 $USDs after 5 years of hodling: $1647.
No locking, no claiming, no nothing. Just HODL & profit with $USDs 😎Only on Arbitrum!
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On February 4th, the SperaxUSD protocol on
@Arbitrum
was exploited. The Core team is ready to share the known elements now, and the detailed report will follow on Monday, February 6th. 1/6
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📢 New farms - new rewards!
Stake with Sperax Demeter on
@CamelotDEX
Get juicy $SPA rewards on top of Camelot rewards 💰
➡️SPA/USDs
➡️USDs/USDC
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$USDs
@SperaxUSD
has been alive for a month now 🤗
Update thread 🧵 👇
tl/dr
- $USDs hits $8M circulating
- 3.5M $SPA net burn
- Deepest stablecoin liquidity on
@arbitrum
DEXs
- Farm 3 sells out in 14 MINUTES!
- Arbitrum AMA attracts 400
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Yesterday, Genesis farm LP’s were able to remove liquidity and claim their $SPA.
Some whales sold big, producing more panic selling in response.
Here is what we found about the selloff - Included is our commitment to continue building
@SperaxUSD
.
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🎉
@GainsNetwork_io
🤝
@SperaxUSD
🥳
Launched with Demeter, a $gDAI / $USDs farm is coming to
@arbitrum
@Uniswap
v3!
At 1pm today, deposit $gDAI + $USDs to earn SPA and gDAI
Where:
Details and purpose🧵👇
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🚨Announcing the $SPA Optimizer🚨
This single-sided farm only requires $SPA!
It's simple: deposit $SPA and earn 12% APR on your $SPA!
Deposits open on MONDAY, Feb 14th at
Get your $SPA some more $SPA for valentines day 💕
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🔊 SPA Gauge and USDs UI Upgrades
-UDSs auto-yield calculator
-Voting power used & respective % allocation
-Updated votes received in percentage
Check out now → ,
A 🧵 on the recent upgrades 👇
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🚨LISTING ANNOUNCEMENT
$SPA is coming to
@kucoincom
with direct to
@arbitrum
transfers🔥
The first altcoin with this capability😏
📢 New Listing
$SPA
@SperaxUSD
gets listed on
#KuCoin
!
🔹Pairs: SPA/USDT, SPA/ETH
🔹Deposit: now open (networks: ERC20 and ARBITRUM)
🔹Trading: 13:00 on April 19, 2022 (UTC)
#Stablecoin
#DeFi
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164
410
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🔥 $SPA trading on
@cryptocom
is 🅔🅝🅐🅑🅛🅔🅓 🔥
➡️
SPA is a value accrual and governance token of Sperax USD (USDs) -
a stablecoin and yield automator on
@arbitrum
➡️ Read about Sperax here:
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Earn 11.16% Auto-Yield
#RealYield
APY on stablecoins, 𝗷𝘂𝘀𝘁 𝗯𝘆 𝗵𝗼𝗹𝗱𝗶𝗻𝗴.
Only on
@arbitrum
Mint $USDs ▶️
Farm with USDs▶️
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SPA Gauge and bribing contracts have been deployed to Arbitrum
A user interface for veSPA holders to vote🗳️ & accept bribes🎁 goes live tomorrow
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@SperaxUSD
's Demeter farms - now on
@CamelotDEX
📢 Demeter no-code liquidity miner that already works on
@Uniswap
V3 is coming to Camelot Exchange 🔥
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And we’re live🎉
Follow the guide below to mint $plsSPA with $SPA! Gooo!
Max lock rewards + $PLS boost📈
Please welcome plsAsset
#3
! 👏
Users can now convert $SPA into $plsSPA to earn max-locked $veSPA rewards without having to lock their tokens.
As a cherry on top, users are earning boosted $PLS emissions for the first month . 🤝🔥
More info below! 👇
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.
@SperaxUSD
front end has exciting new features!
1) Mint USDs from homepage💸
2) Individualized USDs yield dashboard📊
3) USDs yield forecaster📈
Auto-compound
@arbitrum
stablecoins at 👉
This thread breaks down the new tools🧵
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We are 24 hours away from an
@arbitrum
panel packed with Alpha💥
Learn how to earn SPA, xGRAIL and other tokens for yourself or your liquidity providers!
Set a reminder here👉
AMA will focus on fostering liquidity on
@arbitrum
using the Camelot +
🎙️
@lowpolyduck
@WaffleApe
-
@LodestarFinance
@maxermilov
-
@overnight_fi
@SirBootsOfIron
-
@CamelotDEX
@ethersole
-
@PlutusDAO_io
@Layer2Train
-
@TheLayer2DAO
@subhajit_da
-
@SperaxUSD
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veSPA SPEC DETAIL IS HERE
$SPA tokenomics upgrade & weekly key stats thread 🧵👇
tl/dr
- veSPA = more $SPA rewards, more voting power
- $USDs hits $18.9M circulating
- 1% circulating $SPA burned
-
@Uniswap
Top 5 TVL leaderboard
- New CEX listings
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$USDs is one of the most battle-tested stablecoins out there. Due to past bearish conditions many people quit $USDs positions, and received their collateral back 1:1 without issues. While it can be seen as unfortunate, it is undeniable proof that $USDs is 100% backed.
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WHEN DOES THIS STOP GOING UP? 🤯
Today, we're proud to say that $USDs will give up to 22% on just holding the stablecoin! Details will be shared tommorow!
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🛡️Sperax prioritizes security with utmost care.
We have planned to conduct two audits.
📆Calendar
- October 20: USDs V2 contract locked for an audit.
- October 23: The first round of audits for the USDs code commences.
- Final report (estimated): 3rd week of November, subject…
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The
@Arbitrum
team is hosting
@SperaxUSD
for a special AMA🚨
Discussion topics include:
-Growing USDs + SPA
-2023 Roadmap
⁃Building on Arbitrum
⁃Attendee Alpha🌶📈
-Community questions
🗓Monday, Jan 30
⏰ 1PM ET
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USDs pays weekly Auto-Yield 📈
Earn 11%
#RealYield
APY on stablecoins, just by holding.
Only on
@arbitrum
.
Mint USDs ➡️
Farm with USDs ➡️
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Demeter is launching Nov 14 🙌🎉
- DAOs apply for incentive matching during Genesis
- Genesis lasts 90 days
- Incentives are matched 1:1 $ wise, paid in SPA
- Launch partners:
@GMX_IO
@PlutusDAO_io
@saddlefinance
@TheLayer2DAO
@arbitrum
Read the blog!
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$SPA will soon see a major tokenomics upgrade!
The upgrade will go live in late March, giving $SPA and $USDs holders higher yield, new reward types and vote boosting power 💪
Stay tuned for a medium post with all specs later this week! Tag friends who should know 👇
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Can't stop, won't stop!💥😎
📢2⃣0⃣🏆
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Hey, new SPArtans⚔️
Remember to check out this incredible video by
@AnuoluwaLove
, where you'll gain a thorough understanding of all the functions of the Sperax tokens.
▶️
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📝 Exciting News! 🎉 Participate in the Sperax User Survey and help us enhance your experience!
✅ Provide your valuable feedback.
💰Lucky participants have a chance to share 60,000 $SPA.
Take part and win!
➡️
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Discover why Sperax USD ($USDs) 2.0 is transitioning to decentralization. Dive into this enlightening video by
@ReallyDronix
and join the revolution!
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On the Sperax app site users can see the Buyback function:
➡️What is Buyback?
➡️How is it related to the $USDs protocol yield, $SPA price, SPA burn, and staking rewards?
➡️How do users benefit from it?
Let's dive in! 🤿
#Sperax_fundamentals
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Both proposals are approved.
✅ For: 100% of votes
🔥 Sperax Improvement Proposals SIP-59 and SIP-60 on new partnerships are posted on Sperax Snapshot.
✅ $SPA stakers, vote with your veSPA!
🔹SIP-59 by
@fluiditylabs
Start fUSDC - USDs Camelot V2 pool with Incentives by
🔹SIP-60 by
@UmamiDao
Umami DAO…
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USDs pays weekly Auto-Yield 📈
Earn 11%
#RealYield
APY on stablecoins, just by holding.
Only on
@arbitrum
.
Mint yours today ➡️
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🔥New Partnership🤝
UmamiDAO opens $UMAMI / $USDs farm on Demeter!
@UmamiDAO
[A non-custodial yield product suite for core cryptocurrencies, catering to retail and institutional capital]
@SperaxUSD
[100% collateralized stablecoin backed by on-chain collateral and generating…
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📢 Hey, $SPA stakers!
Be prepared to get the bribes soon:
vote with your $veSPA for the bribed farms before the snapshot - 01 June, 12 AM UTC.
➡
🔥New farms and bribes: check Demeter on
@CamelotDEX
!
➡️ L2DAO/USDs by
@TheLayer2DAO
➡️ SPA/USDs
➡️USDs/USDC
Liquidity Directors and Liquidity Providers, it is your time: 🧵
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📢New ARB farm dropping tomorrow
Missed out on the ARB Airdrop?
Not to worry, you can still farm precious ARB by depositing ARB and USDs!
Only on 📈
How to use your ARB to farm more ARB🧵 1/5
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Just the beginning 👀
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$SPA and $ARB rewards are replenished.
Be the first to check
Sperax Demeter stable farm $fUSDC / $USDs
💥 New partnership 🤝
@SperaxUSD
[100% collateralized stablecoin backed by on-chain collateral and generating organic yield]
and
@fluiditylabs
[the blockchain incentive layer that rewards people for using their crypto]
will work together to foster liquidity on
@arbitrum
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📢AMA on the 28th of Feb 2024 at 3:00 PM CET
🖥️DEMETER 2.0 is coming!
📅 Mark your Calendars
Our guests are
@UmamiDao
@fluiditymoney
$USDs $SPA $fUSDC $UNI
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Taking the elevator up once more! ⏫🤠⏫
Reminder that this APR is for just hodling a STABLECOIN.🤯
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This easter, be reminded to not put all your eggs in one basket! 🐣
The easter bunny knows- He uses $USDs that spreads it's collateral around different stablecoins- making sure our USD peg is strong!💲💪
Oh- and $USDS's APR also pays for the presents =)
Happy easter everyone! 🐰
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🎉 $USDs hits $20M + new $SPA CEX listing 🎉
@SperaxUSD
has strategies to keep your portfolio green during the crypto winter - new UI makes this even easier 🧵👇
🔥 Massive $SPA burn from $USDs growth
🤩 Stablecoin farming UI upgrades
🥶 winter-proof stablecoin plays 📈
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🔥New farms and bribes: check Demeter on
@CamelotDEX
!
➡️ L2DAO/USDs by
@TheLayer2DAO
➡️ SPA/USDs
➡️USDs/USDC
Liquidity Directors and Liquidity Providers, it is your time: 🧵
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🚨 Pool 2 Update 🚨
$SPA / $USDs pool is reopening with 15M $SPA up for grabs, on Wednesday, Feb 2nd.
Stay tuned for the exact time of farm opening!
Why farm? Quick thread...
1) Fixed APR = No dilution
2) 30% on stables, 250% pool 2
3) 15M $SPA first come first serve
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🚀 AMA: Sperax Roadmap 2024🚀
🗓️ Mark your calendars! Join us for an exciting AMA on X-Spaces on January 10th, 1:30 PM UTC.
🔔Details and the link to the X-Spaces will be shared in advance.
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✨ Sperax is featured on The Round Table partner page of
@CamelotDEX
!
We work together to further the
@Arbitrum
ecosystem and bring DeFi to the masses.
➡️
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Hey, SPArtans!
Are you prepared to get the bribes on the $SPA Gauge💰?
✅ Vote with your $veSPA before the snapshot - 8 Jun 2023, 12:00 AM UTC.
✅ Get the bribes after the snapshot.
➡️
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Sperax OGs remember that once upon a time $USDs was a partially algorithmic stablecoin.
Now Sperax USD is 100% backed with stables and has no algo component anymore.
Why did this USDs design evolution happen?
Let's recall!
#Sperax_fundamentals
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We have some good news to share! After a long search, we are today welcoming 3 people into our DAO to help in our marketing efforts!🥳
Let's keep building, together SPArtans!
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🚀 Mark your calendars!
AMA: Sperax Roadmap 2024: January 24th, 3PM CET.
The link to the X-Spaces will be shared in advance. 🔔
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🔥New stable farm is live with Demeter on
@CamelotDEX
➡️ USDs/USD+ by
@overnight_fi
💰 Juicy bribes: 1000 USD+ to be shared by $SPA stakers who vote on SPA Gauge with their veSPA:
Cast your vote before Jun 8th, 2023, 12:00 AM UTC
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🔍The audit has commenced and is running at full throttle.
📝Did you know?
-Approximately 2500 lines of $USDs smart contract code will undergo rigorous scrutiny.
-Demeter audit will meticulously examine around
700-800 lines of code.
#SecurityAudit
#CodingIntegrity
🛡️
🛡️Sperax prioritizes security with utmost care.
We have planned to conduct two audits.
📆Calendar
- October 20: USDs V2 contract locked for an audit.
- October 23: The first round of audits for the USDs code commences.
- Final report (estimated): 3rd week of November, subject…
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Users of
@arbitrum
can mint 1 USDs (Auto-Yielding) with 1 stablecoin 💫
To avoid confusion, SPA was removed from the minting interface
This was one of many bear market UI updates, a thread of new SperaxUSD and Demeter improvements👇🧵
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xSPA was already introduced a while ago. Interested what it brings to the ecosystem? Well that's simple...
➡️Slower and more steady token releases into circulation. ✅
➡️ More burns! 🔥
And remember you can stake your xSPA just like normal SPA, to gain rewards and voting rights!
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❓How does Sperax Demeter help protocols / DAOs on
@arbitrum
to make their liquidity mining more efficient?
➡️ Your DAO can get connected to our Gauge-and-Bribe mechanism:
Find out how it works⤵️
#Sperax_fundamentals
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