Logo of Sperax USDSperax USD(SPA)
Total Value Locked$519,989

TVL by Chain

Arbitrum$519,989

Ethereum$0

Key Metrics

Staked$631,992

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.

CategoryYield Aggregator

Audits:

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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.View code on GitHub

Competitors

CIAN Yield Layer ($288.2m)Yearn Finance ($147.78m)Beefy ($110.8m)YO Protocol ($37.09m)Fusion by IPOR ($32.06m)Fluid Lite ($126.52m)Vesper ($42.73m)vfat.io ($29.46m)Nucleus ($25.36m)Superform ($24.55m)