Sperax USD goes Mainstream with Streetbeat
The Sperax — Streetbeat partnership will integrate $USDs with traditional finance for the first time, democratizing access to 11% Auto-Yield* for investors using the Streetbeat platform.
From the beginning, Sperax has been dedicated to bridging the gap to crypto for financial lives across the globe.
The Sperax stablecoin $USDs introduces a novel strategy for users to gain hands-free exposure to yield earnings in DeFi. $USDs automatically deploys its collateral assets to DeFi protocols, collecting yield to purchase and distribute $USDs to holders’ wallets at a target rate of 11% APY*. $USDs is 100% collateralized by exogenous, backed stablecoins.
As Sperax enters the mass-adoption phase, this partnership immediately offers Streetbeat’s 45,000 clients a low-risk, high-yield crypto account with $USDs.
Streetbeat is a Fintech Powerhouse that allows investors to diversify their portfolio with data-driven Strategies for Stocks, Crypto, and DeFi protocols. Millions of data points are used by Streetbeat to recommend and execute investments across multiple asset classes. As of May 10th, Streetbeat’s clients that invested in its unique auto-trading strategies have seen their P&L essentially unchanged year to date, versus down -35.00% — the average loss of customers on self-directed trading apps like Robinhood in the first quarter alone, per the Q1 earnings call.
“This is a historic time for $USDs and decentralized stablecoins at large,” said Sperax Business Development Lead Alec Shaw. “Through collaborations with products like Streetbeat, we can harness the power of decentralized finance to deliver high yield products through a familiar user experience.”
The Power of Sperax + Streetbeat
As a savings-style companion to Streetbeat’s stock and crypto strategies, $USDs can help Streetbeat account holders build wealth while waving goodbye to inflation with 11% Auto-Yield on $USDs — and for the first time, DeFi lovers can get $USDs in an easy-to-use investing app.
“We expect more years of high market volatility, with the S&P500 index moving 30–40%”, said Damian Scavo, CEO of Streetbeat. “Our investment product is designed to be profitable in all market conditions due to our unique approach that combines data-driven investments, a long/short approach, and asset class diversification.”
“We especially believe in stablecoins such as Sperax, which use a market-neutral approach for collateral and a sustainable yield model that automatically adapts to the market conditions. We are pleased to bring this new asset class to our clients and make it available for retail investors and entities alike,” Scavo said.
Each $USDs that is obtained by Streetbeat will be minted at the Sperax USD protocol. This means that $USDs holdings on Streetbeat will increase $USDs market cap and TVL. Additionally, the visibility and success of $USDs on top trading platforms will propel $USDs to the spotlight as the trusted decentralized stablecoin. This partnership shows that the mass adoption phase of the Sperax roadmap is underway, where all users can enjoy frictionless, stable yield without the hassle.
New User $SPA Giveaway
Head over to Streetbeat.com, get a $5 — $5,000 sign-up bonus and open your first stablecoin account with Auto-Yield on $USDs! Terms and conditions apply.
Invite a friend, an you and your friend get an additional $5 — $5,000 bonus.
About Streetbeat
Not just an investment platform, Streetbeat is your investment advantage.
Streetbeat is a fintech powerhouse focused on making every client a successful investor through powerful asset diversification and proprietary algorithmic investment strategies.
The Streetbeat app is an intuitive trading and investing platform built for people who want an investment advantage. In February 2022, Streetbeat announced a $10M Seed Round while exceeding 35,000 clients in their one-month Beta, with 125,000 Trading Orders in the first week alone. Streetbeat is available for Android & iOS in 50 countries.
Streetbeat is an SEC-Registered Investment Advisor backed by top fintech VCs. The company is based in Palo Alto, CA and is privately held.
About Sperax
Sperax is dedicated to benefiting all financial lives with blockchain technology.
Sperax has built the first Auto-Yield stablecoin, $USDs, to harness and distribute DeFi yield at a target 11% APY.
$SPA, the Sperax governance token, rewards stakers who empower Sperax DAO to make $USDs fully decentralized, and 100% collateralized by exogenous, on-chain assets.
The protocol is currently in a growth stage, bridging the gap to crypto for a global user base by offering $USDs on user-friendly platforms.
Read more at sperax.io and join the Sperax community!
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*Streetbeat Digital LLC is not a bank. APYs reflect effective yield based on weekly compounding. Yield is accurate as of May 20, 2022 but may vary
Disclaimer: Streetbeat, LLC (“Streetbeat”) is an SEC-registered investment adviser. Cryptocurrency trading and exchange services are offered by Streetbeat Digital LLC. Disclosures may be found at https://streetbeat.com/disclosure-library
