Information
TVL
Sperax USD (SPA)
Total Value Locked$671,601
| Arbitrum | $671,601 |
|---|---|
| Ethereum | $0 |
| Include in TVL (optional) | |
|---|---|
| $3.85m |
| Staked | $3.85m |
|---|
Protocol Information
SperaxUSD (USDs) is a stablecoin and yield-automator on Arbitrum. USDs is 100% backed by collateral that is sent to DeFi strategies to produce a yield. This yield is then distributed to holders in a gasless manner, making compound interest easy.
Category:Algo-Stables
Audits
Development Activity
(updated at 16/06/24)
Weekly commits:
Monthly commits:
Weekly developers:
Monthly developers:
Last commit: a few seconds ago (2024-06-16)
Methodology
TVL: Counts all collateral locked to mint USDs.This collateral is either sent to DeFi strategies to produce an organic yield, or is stored in the VaultCore contract of the USDs protocol. Some TVL is classified as staking. This component of TVL consists of all SPA staked in Sperax’s veSPA protocol.