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Sperax

SPA

  • Stablecoin Protocol
  • Algorithmic Stablecoin
  • DeFi
Established Year
2020
Operating Status
Active
Ecosystem
Arbitrum
Sperax is a yield-bearing crypto-collateralized algorithmic stablecoin protocol on the Arbitrum network. USD holders benefit from native auto-yield, meaning that they automatically earn yield without having to stake or claim. The yield is generated organically from the collateral deployed on external DeFi protocols, such as Curve Finance.

Financial Portfolio

Funding

N/A
1 Investors
N/A

Frequently Asked Questions

Is Sperax a Good Investment?

Sperax is an interesting crypto asset to your portfolio, especially if you wish to diversify into Layer-2 and DeFi tokens in the market. As the utility token of a DeFi protocol on Ethereum’s leading Layer-2 network, the value of SPA token could rise as Sperax adds support for more collateral tokens, expands to new blockchain ecosystems, or implements new features that improve the protocol’s overall liquidity and efficiency. The price of Sperax token could increase as more users sign up for utilizing USDs for yield generation and other DeFi activities on the network. This could increase investor confidence in the Sperax protocol and boost the SPA price statistics. The price of SPA crypto could also increase amid an improvement in the market sentiment toward digital assets. A bullish mood in the crypto market increases the risk appetite among investors, driving buying activity that can support the Sperax value.