Sperax USD (USDs) is the primary protocol under the Sperax ecosystem. USDs is a fully collateralized stablecoin backed by on-chain collateral and generates organic yield for its holders. USDs aims to be the premieretrading pair on all L2 chains.
Rewards auto compound based on previous balance
Gasless transfer of rewards directly to wallet
~10% APR', based on market conditions
10% is the maximum APR under favorable market conditions. Any additional yield generated is stored in Yield Reserve for distribution during lean periods
One unit of USDs is always redeemable for a unit of underlying stablecoin.
Diversified basket of collaterals reduce the reliance on a single stablecoin to generate yield while minimizing risk.
Dynamic mint and redemption fees ensure the collateral is dynamically balanced
See detailed Model
USDs automates stablecoin yield generation by sending
collateral to audited DeFi protocols, managed via
governance
Protocols interested in launching their tokens on Arbitrum and looking for liquidity can request SPA incentives if they pair their tokens against USDs.
Integrate with USDs to pass on our stable organic yield to your end users
Integrate with USDs to pass on our stable organic yield to your end users
Proposal Discussion
Snapshot Vote
Sperax Improvement Plan
3,635
3,635
3,635
3,635
MAR 5
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