Spartan Protocol Liquidity Pools — a deep dive

SpartanProtocol
Dec 23, 2020 · 4 min read

Spartan Protocol is designed to allow Users to collateralise their positions in the Spartan Liquidity Pools for the purpose of Synthetic Asset Generation, Lending and Derivatives — but what exactly is happening with the Pools while these exciting developments are worked on?

Let’s take a deep dive:

Base Asset: SPARTA

Here is the Spartan Protocol Contract address. At timeof writing, the specific details are below:

  • 58.2M SPARTA Minted

Liquidity Pools:

BNB:SPARTA

TVL: $2.111M | BNB: 31,441 | SPARTA: 5,758,212

The BNB:SPARTA Pool is the deepest pool active on Spartan Protocol. Below is the liquidity breakdown, with a very healthy percentage of the liquidity tokens (over 80%) being locked into the protocol for an extended period of time.

  • 46.89% Liquidity is Locked 🔒 in Bond V3, and being vested out to Holders over a 12 month period

BTCB:SPARTA

TVL: $174K | BTCB: 3.7544 | SPARTA: 469,735

The BTCB:SPARTA Pool is one of the most recent pools to be activated for Bond+Mint. It has a very high percentage of Liquidity locked and being vested over a 12 month period, with the transaction count slowly increasing as more arbitragers take advantage of recent significant price movements and opportunities in the Pools.

  • 93.93% Liquidity is Locked 🔒 in Bond V3, and being vested out to Holders over a 12 month period

RAVEN:SPARTA

TVL: $93.8K | RAVEN: 78,805,467| SPARTA: 269,238

Raven Protocol are one of the initial Shield Wall #BurnForSPARTA partners of Spartan Protocol, and strong supporters of Spartan Protocol. The RAVEN:SPARTA Pool is 100% Staked in the DAO.

  • 100.00% Liquidity is Staked in the DAO

Stablecoin Pools

The next two Pools are for the stablecoins USDT and BUSD. As pools that are open to Bond+Mint V3, and with increased interest for users in Liquidity Pools wishing to pair with stablecoins to help reduce the potential impact of price movement on one side of the pair, the results here are quite interesting.

BUSD:SPARTA

TVL: $97.6K | BUSD: 49,358 | SPARTA: 261,722

The BUSD:SPARTA liquidity is mostly locked into the DAO, with an increasing volume of locked liquidity appearing in Bond V3.

  • 73.45% Liquidity remains Staked in the DAO

USDT:SPARTA

TVL: $37.8K | USDT: 49,358 | SPARTA: 261,722

The USDT:SPARTA is an interesting pool, with just the one wallet holder outside of the DAO and Bond V3 holding the majority of the liquidity tokens, and therefore receiving over half of the Swap Fees and Yield Injections delivered to this pool.

  • 55.84% Liquidity exists in Wallet 0xec142e3…3616E4

Community Contribution

SpartanProtocol at is at its core a community project. In this vein, the more contributors the better. There is a great opportunity for community members to contribute in all facets of the project from development to community guides/tools.

If you have an idea, share it in the community channels.

Engage with the community and developers

Where to find out about all the latest updates or suggest improvements — get involved.

SpartanProtocol

A protocol for incentivised liquidity and synthetic assets on Binance Smart Chain

SpartanProtocol

The Spartan Protocol incentivises the formation of capital in liquidity pools, such that they can be used for synthetic token generation, lending, derivatives and more.

SpartanProtocol

Written by

Incentivized liquidity and synthetic asset generation for Binance Smart Chain. https://SpartanProtocol.org

SpartanProtocol

The Spartan Protocol incentivises the formation of capital in liquidity pools, such that they can be used for synthetic token generation, lending, derivatives and more.