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Sperax Team
Sperax Team

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Published in Sperax

·Mar 9

Sperax Monthly Newsletter — Feb 2023

SPArtans ⚔ Welcome back to the monthly News February was a month of firsts within the SperaxDAO community. This month marked the launch of the DEX-agnostic SPA gauge, the first bribes were added to the gauge and a crisis was averted. USDs circulating supply peaked at 2.5M in Feb with an average Auto-Yield rate of 11.74% APY, let’s…

Venture Capital

3 min read

Sperax Monthly Newsletter — Feb 2023
Sperax Monthly Newsletter — Feb 2023
Venture Capital

3 min read


Published in Sperax

·Feb 17

Introduction to SPA Gauge

The SPArtans are being given a new tool to improve Arbitrum liquidity, provide a launchpad to propel young projects, and protect Arbinauts against bad actors ⚔️ Introducing SPA Gauge The SPA Gauge is the newest feature on Demeter.sperax.io. Demeter exists for Arbitrum projects to execute fair token launches and acquire deep, on-chain liquidity…

Crypto

5 min read

Introduction to SPA Gauge
Introduction to SPA Gauge
Crypto

5 min read


Published in Sperax

·Feb 10

Gains Network Partnership Is Live

GNS, gDAI and SPA rewards are LIVE on Demeter Gains Network and SperaxDAO have kicked off their partnership by providing GNS, SPA and gDAI to boostrap the gDAI/USDs pool. The rewards can be claimed by staking a gDAI/USDs LP token on Demeter (by Sperax). gDAI is the collateral token for…

Arbitrum

2 min read

Gains Network (GNS) Rewards Are Live
Gains Network (GNS) Rewards Are Live
Arbitrum

2 min read


Published in Sperax

·Feb 9

USDs Reboot Complete

At 12:00pm ET 5:00pm GMT, USDs resumed normal operation. Minting, redeeming and transacting of USDs had been paused following a code exploit which occurred on February 3rd. Read more about the cause of the exploit here. The bug has since been patched and the funds retrieved by the Sperax Core…

Crypto

2 min read

USDs Reboot Complete
USDs Reboot Complete
Crypto

2 min read


Published in Sperax

·Feb 6

USDs Feb 3 Exploit Report from Engineering Team

On Feb 3, an attacker manipulated USDs balance on a multi-sig wallet and changed it to 9.7 billion by exploiting an internal bug in the USDs token contract. Before Sperax team paused the contract, the attacker exchanged ~309k USDs to assets including USDT, USDC and WETH. Timeline Traceback Feb-03–2023 11:25:59 PM +UTC …

Solidity

4 min read

USDs Feb 3 Exploit Report from Engineering Team
USDs Feb 3 Exploit Report from Engineering Team
Solidity

4 min read


Published in Sperax

·Feb 3

Sperax January Monthly Newsletter

SPArtans ⚔ Welcome back to the monthly News January set a positive tone for 2023 and we are excited to share results. During the month, the 2023 roadmap was unveiled, Arbitrum hosted SperaxUSD for an AMA, Demeter and USDs TVL grew, new partnerships were forged and SPA price appreciated. Roadmap published SperaxDAO core team published an ambitious 2023 roadmap with…

Arbitrum

3 min read

Sperax January Monthly Newsletter
Sperax January Monthly Newsletter
Arbitrum

3 min read


Published in Sperax

·Jan 9

SperaxUSD — 2022 Recap & 2023 Roadmap

The Sperax community should be immensely proud of what has been built. In December of 2021, our community took a massive bet. It was decided to launch SperaxUSD on Arbitrum, even though alternative layer 1 protocols were promoted as the future of DeFi. At this time, alt L1’s were attracting…

Arbitrum

7 min read

SperaxUSD — 2022 Recap & 2023 Roadmap
SperaxUSD — 2022 Recap & 2023 Roadmap
Arbitrum

7 min read


Published in Sperax

·Dec 23, 2022

Sperax Foundation Burn Update

Earlier in the year, the Sperax Foundation announced on Twitter the intention to burn a significant share of SPA tokens over the course of 2022. To this day, 30% of the original Sperax Foundation token allocation has been burned. In the wake of the UST depeg, the price of LUNA…

Cryptocurrency

3 min read

Sperax Foundation Burn Update
Sperax Foundation Burn Update
Cryptocurrency

3 min read


Published in Sperax

·Dec 16, 2022

Major UX Upgrades

The Sperax team continues to drive forward through this crypto winter. As other teams lay off core team members and scale back operations, we scale up, ship products and grow market share. We have taken one step back… just to talk with our users and partners. This better informs us…

UX

4 min read

Major UX Upgrades
Major UX Upgrades
UX

4 min read


Published in Sperax

·Dec 7, 2022

Portable Alpha Strategy with FraxLend

Today we will examine a portable alpha strategy on Arbitrum and Ethereum. This strategy is executed using SperaxUSD, Frax Stablecoin, FraxLend and Saddle Finance. …

Finance

6 min read

Portable Alpha Strategy with FraxLend
Portable Alpha Strategy with FraxLend
Finance

6 min read

Sperax Team

Sperax Team

1.6K Followers

https://sperax.io/

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