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Sperax Partners with Oasis on a DUAL-incentive Stablecoin Yield Farming

Sperax is pleased to announce a liquidity mining partnership collaboration with Oasis Network.

Read on to learn more about what we are doing and why we are so excited.

What we are doing

Sperax and Oasis are teaming up to build the future of digital cash. With the stability and censorship resistance of Sperax’s hybrid stablecoin USDs, paired with the privacy preserving technology of Oasis, together we can offer private USDs transactions.

To start this mission, we are offering a DUAL-incentivized liquidity pool on a private decentralized exchange currently under development on the Oasis Network. The pool will consist of ROSE and USDs, and will be incentivized by ROSE and SPA .

Sperax will be participating in this collaboration as a liquidity provider as well. The commitment to a long-term partnership can be observed by the Sperax foundation keeping ROSE in its reserves by farming ROSE through this yield farm.

Why we are doing it

Oasis and Sperax share the unique vision of offering digital cash to the world, which must feature three key properties:

  1. Censorship resistance
  2. Stability
  3. Privacy

Oasis and Sperax are both collaborative, open-source projects building exciting products in the decentralized currency space. There are strong synergies between our projects that, if harnessed, can mutually accelerate our growth and progress toward delivering digital cash to the world. Our yield farms and expansion of USDs into the Oasis ecosystem is the first step in a long lasting, mutually beneficial relationship.

In the case of Sperax, our interest-bearing stablecoin, USDs, will act as a unit of account for defi products built on Oasis. Through additional yield farming incentives, we can attract new users to the Oasis ecosystem while offering lucrative investment opportunities through farming.

Oasis will offer demand and increase liquidity for USDs. USDs requires deep liquidity to mitigate slippage during arbitrage. This is because when there is a price deviation on USDs, traders must have adequate liquidity to execute a profitable trade while defending USDs $1 price peg. This trade can now be serviced by the Oasis community and further democratize the protocol ownership.

When is this happening?

The ROSE-USDs incentivized pair on a leading decentralized exchange will go live in Q4.

About Sperax

Sperax is dedicated to benefiting all financial lives with blockchain technology.

Sperax builds modern money with blockchain technology. With the Sperax token ($SPA) at its core, Sperax builds a crypto-collateralized algorithmic stablecoin, $USDs, and a suite of DeFi apps including a cloud earning mobile app, Sperax Play.

As always, please join our communities!

Sperax USD Twitter| Sperax Play Twitter |Sperax USD Discord

Sperax $USDs Telegram| Sperax Play Telegram | Telegram Korea

Medium

About the Oasis Network

Oasis is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first ever responsible data economy. The Oasis Team includes top-tier talent from around the world with backgrounds from Apple, Google, Amazon, Stanford, Harvard and more and has been backed by top investors including a16z Crypto, Accel, Polychain, Pantera, and many others,

To stay up-to-date on the latest Oasis Network news, events, and programs, be sure to join our social media channels:

Slack | Telegram | Twitter | Discord | Youtube

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