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…

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…

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…

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 …

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…

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…

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…

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…

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