The race to $100M $USDs
Today marks the launch of $USDs yield farms, and the critical bootstrapping growth phase. We must rapidly expand $USDs circulating supply to ensure all future users will have adequate liquidity for arbitrage and general use. To unlock the ability for exciting future use cases, Sperax must first prioritize the infrastructure of $USDs in the Arbitrum ecosystem. We will make $USDs accessible and usable at the infrastructure level in the following ways.
With the launch of our liquidity mining program, we will actively incentivize our community and additional DEX users to stake personal capital on our pairs. By doing this we will have more liquid markets to allow for larger trades, less slippage, and more routing opportunities for members looking to buy or sell $SPA or $USDs. In addition to increasing liquidity, this program will allow the DAO treasury to remove currently locked up capital and begin deploying $SPA towards growth.
Genesis Liquidity Mining
Sperax is actively looking for partners. Sperax is offering $SPA as incentives for tokens paired against $USDs on DEXs and $USDs integrated into dapps. If you are interested in partnering with Sperax, please submit this form. The first partner participating in this liquidity campaign is Saddle.finance. With Saddle.finance, we are incentivizing a $USDs metapool in the near future.
Fiat On/Off Ramps
To make $USDs even more accessible, we are establishing partnerships with tier 1 fiat on-off ramps to provide $USDs purchases through ACH or credit card. We are working with multiple partners to offer this to users inside and outside the US with options that vary when it comes to KYC requirements.
Centralized Exchange Listing for L2 Assets
To allow for efficient arbitrage of Sperax L2 assets, a centralized exchange listing of $USDs and $SPA is required. In 2022 the Sperax team will prioritize listing on centralized exchanges to allow for direct Arbitrum on-off ramps.
Incentivize $USDs Integration in Cefi Fintech Apps
$USDs innovative auto-yield feature is of interest to Web2 style FinTech. Thanks to the ability for $USDs to earn yield without having to lend the asset, $USDs becomes a perfect product to offer customers who want to harness the non-volatile returns available in DeFi without paying for staking or lending fees.
New Products to Drive $USDs Demand
There are ways to make $USDs provide more value and deliver a better experience without having to provide incentives to partner dapps. We can create new and unique financial products that utilize $USDs. The objective is to expand the circulating supply of $USDs and further integrate $USDs into the financial infrastructure of the metaverse.
Cross-chain Yield Aggregator
Due to the rapidly changing landscape of DeFi, we will continue to develop new yield strategies. These strategies will capture market returns available on all chains. Dynamically changing to produce the best risk-adjusted auto-yield for $ holders. This further positions $USDs as the most accessible product to harness the power of DeFi for the novice investor.
Borrow and lending of Sperax assets
To further drive demand for $USDs, Sperax will allocate liquidity to bootstrap the budget to incentivize borrowing and lending of Sperax assets.
$USDs cross chain deployment
Sperax will engage with the ecosystem of major layer 1 blockchains in 2022 to deploy the auto-yield stablecoin across the metaverse. To do this we have secured a bridge partnership with the legendary team at Symbiosis. With their expertise we can create a decentralized auto-yield stablecoin that can seamlessly transfer across popular blockchain ecosystems, which ultimately make up the metaverse.
Sperax is dedicated to benefiting all financial lives with blockchain technology.
Sperax is the open-source development team focused on building software products on the Sperax protocol. With the Sperax token ($SPA) at its core, Sperax has built the first auto-yield stablecoin, $USDs, and a suite of DeFi apps.
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