Sperax USD (USDs)

Total Value Locked$2,290,261

Chain Breakdown
Arbitrum	$2.29m
Ethereum	$0

Include in TVL (optional)
Staking	$1.11m

USD ETH

Information

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

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Token Information

Address:arbitrum...F52152

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Methodology

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.

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Competitors

Ripae ($0)Frax ($1.07b)Mento ($165.29m)Neutrino ($9.15m)UXD ($4.64m)DefiDollar DAO ($3.19m)Sigmausd ($2.37m)Ostable ($997.58k)Based V1 ($758.77k)DarkCrypto ($392.81k)