Sperax company info

What does Sperax do?
Sperax (CRYPTO:SPA) is a decentralized stablecoin protocol that allows anyone to mint synthetic USDs (USDs) backed by various on-chain assets. USDs are a fully on-chain stablecoin that 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 Sperax team is currently working on expanding the range of on-chain assets that can be used to collateralize USDs, developing new DeFi strategies to generate yield for USDs holders, and partnering with other Web3 projects to build a more integrated and seamless ecosystem for USDs. Their overall objective is to make USDs the most accessible, scalable, and user-friendly stablecoin available. They are committed to building a platform that makes it easy for anyone to participate in DeFi and earn yield on their assets.
Sperax company media
Company Snapshot

How many people does Sperax employ?

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Employees
51-200

What is the market cap for Sperax?

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Market Cap
$21.0M

Where is the head office for Sperax?

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Head Office
New York, United States

What year was Sperax founded?

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Year Founded
2020
What does Sperax specialise in?
/Alameda Research Portfolio /Arbitrum Ecosystem

What are the products and/or services of Sperax?

Overview of Sperax offerings
Bridge between different blockchains: SPA can be used to bridge assets between different blockchains, making it easy to move assets between different DeFi ecosystems.
Earn organic yield on USDs: USDs holders earn organic yield 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.
Mint synthetic USDs (USDs): SPA holders can mint USDs, a fully on-chain stablecoin that generates organic yield for its holders.
Participate in DeFi governance: SPA holders can participate in the governance of the Sperax protocol and help shape the future of USDs.
Pay for goods and services with USDs: USDs can be used to pay for goods and services at merchants that accept USDs.
Stake SPA to earn rewards: SPA holders can stake their tokens to earn rewards, such as a portion of the yield generated from USDs collateral and additional SPA tokens.