Key Metrics
Fees (Annualized)$16,306.97
Fees 30d$1,073.97
Arbitrum$1,073.97
Fees 7d$200.1
Arbitrum$200.1
Fees 24h$0
Arbitrum$0
Cumulative Fees$18,975.97
Arbitrum$18,975.97
Revenue (Annualized)$4,988.16
Revenue 30d$323.16
Arbitrum$323.16
Revenue 7d$59.66
Arbitrum$59.66
Revenue 24h$0
Arbitrum$0
Cumulative Revenue$5,796.16
Arbitrum$5,796.16
Holders Revenue (Annualized)$4,988.16
Holders Revenue 30d$323.16
Arbitrum$323.16
Holders Revenue 7d$59.66
Arbitrum$59.66
Holders Revenue 24h$0
Arbitrum$0
Cumulative Holders Revenue$5,796.16
Arbitrum$5,796.16
Staked$515,323.25
$SPA Liquidity$631,129
Camelot V3$453,146
Uniswap V3$177,983
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.
Audits:
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 GitHubFees: Yield harvested on the USDs collateral basket (strategy interest + rewards) plus USDs mint/redeem fees.View code on GitHubRevenue: 30% of the yield plus 100% of mint/redeem fees, used to buy back and burn SPA.View code on GitHubHolders Revenue: 30% of the yield plus 100% of mint/redeem fees, used to buy back and burn SPA, accruing value to SPA holders.View code on GitHubHacks
Date: Feb 4, 2023
Amount: $250,000
Classification: Token & Share Accounting
Technique: Unbacked Mint
Chains: Arbitrum
Language: Solidity
Target Type: Token
Competitors
Frequently Asked Questions
What is Sperax USD?
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.
What is Sperax USD's TVL?
Sperax USD currently has $520,282 in total value locked. TVL has increased 0.9% over the past 30 days.
What chains does Sperax USD operate on?
Sperax USD operates on 2 chains: Ethereum and Arbitrum. Arbitrum holds the largest share at 100%.
How much has Sperax USD generated in fees and revenue?
Over the past 30 days, Sperax USD generated $1,073.97 in fees. Of that, $323.16 was protocol revenue. Based on the trailing year, the annualized rate is $16,306.97 in fees and $4,988.16 in revenue.
How does Sperax USD's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Sperax USD ranks #50 by TVL. The category holds $1.368b across 195 protocols, and Sperax USD accounts for <0.1% of that total. Other leading protocols include CIAN Yield Layer, Yearn Finance, Beefy, Fusion by IPOR, YO Protocol, vfat.io, Harvest Finance, Superform, Badger DAO, and YieldFi.
Has Sperax USD ever been exploited?
Sperax USD has 1 recorded security incident. The most recent incident occurred on Feb 4, 2023 and involved $250,000. It was classified as Token & Share Accounting.
