SperaxDAO

Sperax USD launched USDs in December 2021 and is the leading stablecoin and yield automating protocol on Arbitrum. Sperax USD mints USDs, a 100% collateralized stablecoin. USDs is fully on-chain and generates organic yield for its holders by sending collateral into various delta neutral DeFi strategies. The yield is passed back to holders via a gasless rebase, unlocking the power of compounding interest with no action necessary from the end user. The SPA token is the governance token of Sperax USD. SPA token holders can benefit by staking SPA to gain governance power in the Sperax DAO, and also be a revenue sharing partner with USDs. A portion of the yield generated from USDs collateral is passed back to stakers of SPA, another portion is burned. This aligns incentives between the governors of the protocol, the SPA stakers, and USDs holders. Sperax USD launched the Demeter protocol in November 2022, a no-code farm launcher on UniV3. Anyone can build their own fully incentivized farm without any coding or technical expertise. Demeter protocol is fully audited and permissionless, serving as a key piece of decentralized infrastructure. For more information visit https://sperax.io/, or visit the dApp at https://app.sperax.io.

Website

https://www.sperax.io

External link for SperaxDAO

Industry

Information Technology & Services

Company size

11-50 employees

Headquarters

New York, New York

Type

Privately Held

Founded

2020

Specialties

blockchain, stablecoin, and crypto