The advantages of Spartan Protocol’s unique AMM are becoming more widespread with projects looking to create pools and integrate. Read on for the week’s news & dev updates.
The wider BSC/BNBChain ecosystem is beginning to understand the benefits of Spartan Protocol’s liquidity sensitive fees and use of a common settlement asset. Whilst the protocol was built to provide unique liquidity solutions for large-cap tokens, the benefits apply to tokens of all shapes and sizes, resulting in interest from projects launching or bridging to BSC to utilize the protocol to provide an efficient and sustainable liquidity source for all users.
Read up below on the new RAZE pool, the proposed UNT pool and much more happening throughout the week.
New RAZE Pool #OpenTheGates
As touched on towards the end of last week, the community listed a new pool for $RAZE. This pool almost instantly hit its 100K initial liquidity caps upon listing and required an #OpenTheGates from 100K to 200K.
Not long afterwards, Spartans had it filled up yet again and required another #OpenTheGates from 200K to 400K.
Welcome to the shield wall @R4ZE_Network
Raze helps provide a privacy layer over multiple chains.
The community launched a $RAZE : $SPARTA pool ~3 days ago, filling to its caps instantly.
Time to #OpenTheGates!
The pool has just #RazeTheCaps to 200K to let in more liquidity https://t.co/qsHiVE57b6
- Spartan Protocol (@SpartanProtocol) February 22, 2022
SPARTA:RAZE Pool Deepest Liquidity Source
The RAZE:SPARTA pool has been generating a lot of interest from #Razers & #Spartans due to the fact that the Spartan Protocol pools have no middleman or team taking a cut of the revenue produced by the pool. This means a higher yield for liquidity providers, especially when the pool gets deep enough to become a high-preference route for users swapping through the DApp or any connected aggregators.
As you can see above, the Spartan pool is now the largest holder of BEP20 $RAZE tokens (17%+ of total BSC supply) and is the deepest source of liquidity available for users on BSC. This means swappers are getting a better rate and therefore more revenue for the LPers.
- Ronni Rais (@ronnirais) February 23, 2022
CoinMarketLeague: Top Exchange Token
Spartan Protocol was in the top 10 for a number of CoinMarketLeagues again for the week, don’t forget to jump in and vote.
TOP10 most voted #Exchanges Tokens 🔥
🥇 $FIELD @yieldfields
🥈 $SPARTA @SpartanProtocol
🥉 $BE @Belon_io
4️⃣ $SWAP @safeswaponline
5️⃣ $CAKE @pancakeswap
6️⃣ $CET @coinexcom
7️⃣ $MNGO @mangomarkets
8️⃣ $FLM @FlamingoFinance
9️⃣ $QUICK @QuickswapDEX
🔟 $VIPER @VenomDAO
Week 7 🏆 pic.twitter.com/Wj5QMc2wLq
- CoinMarketLeague.com (@CML_Crypto) February 22, 2022
Friday #LearnToEarn Quiz Results
Our previous #FridayFor300 quiz results are in with 3 lucky winners to the question:
What fee model do the Spartan protocol pools utilize?
The correct answer was: Liquidity Sensitive Fees.
Read more about liquidity sensitive fees here.
💸Winners have been drawn!💸
The correct answer is: Liquidity Sensitive Fees
📚Read more about this unique fee model here: https://t.co/YFU8TpYV5j
- Spartan Protocol (@SpartanProtocol) February 24, 2022
Universe Finance Integration Proposal
Another project, Universe Finance, has expressed interest in creating a Spartan Protocol pool for the BEP20 version of their token $UNT. They proceeded to create a community proposal during the week to utilize Spartan Protocol as their primary DEX for BEP20 UNT, where they propose to help incentivize activity through the pool and collaborate with AMAs and other potential opportunities with the Spartan protocol community in the future.
The snapshot.org proposal ended on 26FEB2022 with 100% support reaching full consensus, follow them on Twitter to keep up with any updates there and in the meantime jump in for their upcoming AMA (see below) in our Telegram to learn more about Universe Finance.
📡 Dear Spacemen,
- Universe Finance (@Universe_FIN) February 24, 2022
Universe Finance AMA
As a crypto user, it can be tough to keep up to date on all projects out there. With Universe Finance coming along, poised to join the shield wall, what better way to find out what they are all about and their plans for the future than kick-starting with an AMA in the Spartan Protocol Telegram channel.
Date: 1st of March
Time: 1AM UTC
- Spartan Protocol (@SpartanProtocol) February 25, 2022
New Section in the Docs
The Docs had an update this week with the main new addition being some extended info in regard to creating a pool and the initialization phase that comes with it.
New Friday #LearnToEarn Quiz
There is a new #LearnToEarn quiz up and live for Spartans keen to learn more about the protocol and win some SPARTA in the process!
When a pool is in its 7-day ‘Initializing’ phase, what feature is not yet active?
Don’t forget to check the hint link in the Gleam task list if you aren’t sure, it links you directly to the docs where the answer is right in front of you, absorb the info and enter the comp!
As you can see, this quiz question is directly tied to some of the new information in the docs (see above news item) so make sure you read up on the new Docs section before entering!
⌚#FridayFor300 Quiz #016⌚
“When a pool is in its 7-day ‘Initializing’ phase, what feature is not yet active?”
💸3 random correct answers win 100 $SPARTA each
- Spartan Protocol (@SpartanProtocol) February 25, 2022
Physical NFT Drum Giveaway LAST CHANCE
Our in-house chair-hater @ReidyPhillip (aka Thespis) & community rallying powerhouse has gone ahead and had a unique handmade drum made to give away to a lucky Spartan community member! Follow the Gleam.io link in the tweet to get involved, don’t hesitate though, this competition closes later today!
Some creativity & fun is recommended here in answering the tasks/questions, this drum is a massive prize and a huge symbol of Spartan pride & devotion. Show your alignment with Spartan Protocol by telling us what you love about it!
Celebrating 2022 with a BANG🧨🥁🎇
⏳Lasting just one month
👇Follow the link below https://t.co/7fwkLZcvVW
- Phillip Reidy (@ReidyPhillip) January 21, 2022
Our community collates the public Spartan Protocol data into a PDF report each month covering Google Search (impressions, clicks, devices, keywords & geographical) & Twitter analytics. You can find the full January report here.
GitHub Activity — Spartan DApp
New Token Address Features
Thanks to our community Spartan Ronni for the suggested implementation of adding a much easier way of verifying the contract address of any tokens you are interacting with inside the DApp.
Whenever you are swapping tokens, adding/removing liquidity or forging/melting Synths, you will now see a short version of the token address beneath each selected asset with buttons to:
- Copy the full token address to your clipboard
- Open the token contract in BscScan
This shifts the trust to the DApp however, so as always, “Don’t trust, Verify” when interacting with the DApp and contracts.
The next major item for the DApp will be to create a new branch with all stylesheets ripped out, starting by rebuilding the responsive structure of the major elements of the DApp using CSS-grid, then re-organising the file structure to make it a little more friendly, then begin building out a revamped theme/style for the react-bootstrap elements (light & dark modes)
GitHub Activity — Spartan Site
The final footer section was added in and styled up based on the mockup for the ‘xs’ view.
Final Changes for ‘xs’ Layout
A number of final small details were fine-tuned to get the ‘xs’ view closer to the mockup design, which brings us to GitHub Issue #71 now most likely being finalised in its fairly final draft stage. We should see contributors move on to a focus on the ‘sm’ view this week.
GitHub Activity — Spartan Docs
CoinBase Wallet Info
Now that Coinbase Wallet is integrated in the DApp, it made sense to update the Docs and highlight where the wallet sits in the features chart for mobile & desktop browser versions. Check out the updated ‘Getting Started’ section here.
With the new Docs going live fairly recently and the structure getting to a finalised point. Time was taken to create a new sitemap and request Google to reindex and remove the old Docs links. Changing to the new Docs and removing the old indexed pages will result in a drop in all most/all SEO metrics in the SpartAnalytics reports, but is a short term hit on some unimportant metrics for a longer-term real-world gain.
Add DApp Features Section
Added a section for non-protocol (ie. DApp-specific) features in both the ‘ Liquidity’ page and ‘ Vaults’ page to move information like ‘how the DApp calculates the APY’ into a more accessible area for readers of the Docs.
With some new pools recently being launched by the community, it highlighted a lack of clarity in the Docs around what ‘Initializing Pool’ means. The opportunity was taken to not only update the ‘ Listing / Creating a Pool’ section, but also adding in a whole extra section for ‘ Initializing Pools’.
Need help with all sections ranging from grammar/spelling to copy-content creation, graphics (need to make it more visually appealing now!), to video versions of the text guides (these would be great under each relevant section), text guides and so on.
Some GitHub tasks are setup here:
GitHub Activity — Spartan <> Bram NFTs
Completed, all that remains is distribution! Please be patient and allow the contributors time to work out how these NFTs will be distributed. In the meantime please check out Bram on Twitter and show your support!
GitHub Activity — Spartan UI Library
This component library has taken a bit of a back seat for now with a focus on cleaning up the existing DApp repo instead of rushing this one. Contributors can come back to this & work towards the initial plan of making it a whole component UI library (for all community DApps, not just the current one) instead of the in-between phase that it was becoming (the partial work will shift from here to a branch on the DApp repo soon for the DApp-refresh phase to continue)
Hence the below to-do list is now pointing towards what was previously meant to be the ‘next stage’:
GitHub Activity — Spartan Subgraph
No activity in the subgraph repo for the week.
GitHub Activity — Spartan Resources
No activity in this repo for the week.
GitHub Activity — Spartan Arena Contracts
No public Github activity on the NFT/Gaming contracts this week.
GitHub Activity — Spartan API
No public Github activity on the API this week.
GitHub Activity — Spartan Contracts
No public Github activity on the DeFi contracts this week.
- Website: https://spartanprotocol.org/
- DApp: https://dapp.spartanprotocol.org/
- Documentation: https://docs.spartanprotocol.org/
- GitHub: https://github.com/spartan-protocol
Spartan Protocol is at its core, a community-driven and led project. In this vein, the more contributors the better. There is a great opportunity for community members to contribute by making LP reward analysis tools, etc.
Recently, community members have been graciously funnelling in to contribute to explainer articles, ideas and even $SPARTA donations to support the growth of the platform.
Engage with the community and contributors
Where to find out about all the latest updates or suggest improvements — get involved.
Originally published at https://blog.spartanprotocol.org on February 28, 2022.