We are pleased to announce our next AMA on April 27th, 2022 at 05:00 PM UTC Time: Satoshi Club x Sperax
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sperax Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sperax Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sperax
For more details:
Sperax Website – sperax.io
Sperax Telegram – @SperaxUSD
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What’s the use of xp points that we are mining in the app and when mining will end .
The first Auto yield stablecoin. Pays sustainable interest regardless of bear or bull markets. Can you please explain to us this new concept of Auto yield and how will sustainability be maintained in bearish markets?
Secondly i read that USDs will be operated fully on chain and governance by DAOs for transparency and auditability. Please tell us how users can join governance in your DAOs?
Hi Sperax – your slogan says ” connecting you with modern money”, and goes on to say that it is dedicated to benefitting all financial lives with Blockchain technology. Now my question based on the above is, could you please adumbrate/elaborate more on how Sperax connects us with modern money on the one hand ? And how it is dedicated to benefitting all financial lives with Blockchain technology on the other hand?
On your USDs whitepaper, it caught my attention to note that Sperax Protocol will offer a Dual Token system with a stablecoin (USDs), as well as a governance/value accrual Token (SPA). With regards to SPA, could you elaborate on its value accrual aspect? How does it accrue it’s value? Could you please share with us the use case of (USDs) & (SPA) Tokens within the Sperax Protocol ecosystem? Going further, I read that while the USDs will be explicitly collateralized by a pool of existing stablecoin (and other crytop assets), and implicitly by the protocol which utilizes SPA to stabilize the uncollateralized component algorithmically. Please share with us how the protocol utilizes SPA to stabilize the uncollateralized component algorithmically? Lastly, how will we enthusiasts earn your (USDs) & (SPA) tokens in Sperax Protocol ecosystem?
Hello Sperax Team, while in the course of my research about Sperax protocol ecosystem, I read there are other Crytop assets that may be earned also outside your Tokens (USDs) & (SPA), could you please explain to us how we earn those other Crytop assets ? what are those other Crytop assets? I learnt there is a sharing ratio which the protocol uses in paying the adjustable interest rate to existing USDs holders and to be funded by external Defi Sources and partial SPA inflation. At what ratio will this interests rate be paid? Please tell us. And lastly, please share with us the identity of this external Defi Sources and how many are they that would be funding this particular adjustable interest rate? Thanks
USDs is a hybrid stablecoin which generates auto-yield natively. Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. could you please explain the reason you choose Arbitrum over solana? What are the advantages the Arbitrum offers sperax over it compitators? I discovered that Arbitrum went offline for roughly 10 hours on Jan. 9, according to an administrator in the project’s Discord. Would you like to share some information about the glitch and how it affected Sparex? what are your plans in case of future repitition of the incident?
I Learnt that, To further influence money supply dynamics, the protocol is paying an adjustable yield rate to USDs holders. The yield rate is a function of the aggregate collateral ratio, the collateral composition and profit sharing between USDs holders and SPA stakers. Could you provide more information on the money supply dynamics and the other features that will be incorporated? In a simpler language can you elaborate on the yield rate ?
In your ecosystem, there is a protocol called the veSPA PROTOCOL. I gathered that the veSPA is the protocol that makes SPA a productive asset, & the veSPA will truly decentralise the Sperax model, generate a steady source of passive income and directly link the growth of Sperax stablecoin ecosystem to the value of SPA. I’m so much Curious to know, what could be the major use cases and functions of the veSPA in your Ecosystem? How is this veSPA acquired? And If a user happens to be a holder of the veSPA, what benefits could that user get for holding the veSPA? Is there any activities organised by your platform to help users in getting these veSPA?
Due to technical constraints on Arbitrum, users normally have to wait for about 7-8 days for withdraws from Arbitrum..& the SperaxUSD is said to be the first protocol to feature a direct to Arbitrum withdraws and deposits. My question is this: How about the issue of bridging assets across the chain? Does this mean that SpiraxUSD don’t have to bother about bridging assets across chains?
And In this case, if users are able to use SperaxUSD, How long would it take for withdrawals compared to Arbitrum? Could you share some important updates and developments users of your Platform should expect this year?
As a follower of your platform. It is known that The SperaxUSD protocol futures an elegant two token system, which are:
(1) Yield bearing stablecoin: $USDs – pegged to $1 and (2) Governance and economic buffer token: $SPA. My Question is this. Can you explain the significance of your dual token Functionality and Utilities? What important roles does $SPA plays in keeping $USDs pegged to $1 and the SepraxUSD open? How do you ensure that the protocol will adjust how much collateral is needed vs $SPA to ensure $USDs is stable and generates high auto-yield for holders?
I noted that you would like to introduce a DAO governance mechanism for users to participate and vote on major decisions including but not limited to collateral type, swap fee parameters, and withdrawal lock-up period. Can you brief us on how your DAO governance mechanism will operate? How can users participate in governance in your DAOs? Do they have to stake to be able to participate? How will governance rights be distributed? For a proposal to be implemented, it has to pass through three stages, initiating stage, voting stage and counting stage. Can you elaborate more on each of the three stages and what they entail?
I came across one of the key innovations introduced by USDs which is a dynamic reliance on crypto collaterals and algorithms to provide stability, capital efficiency and scalability. This design is said to allow Sperex rely on crypto collateral at genesis, and then to shift towards an algorithmic-based stability mechanism once the mechanism has proven its efficacy and there is high demand for USDs. How does crypto collaterals and algorithm work? How does crypto collaterals and algorithms bring about stability, capital efficiency and scalability in Sperex? Why did you decide to use crypto collaterals first before switching to algorithm? I learnt that the mechanism is likely to benefit both investors and users. In what ways will this mechanism benefit both users and investors and what edge does Sperex have over other platforms as a result of using crypto collaterals and algorithms?
Recently, you listed $SPA on a major exchange Kucoin and I’ve been monitoring your project too and noticed you’ve also conducted AMA on that same platform with the CEO of Kucoin. That made me want to ask if there is any collaboration between you and the Kucoin exchange? It’s really amazing and I would like to know how you’ve benefitted from this amazing investment with these projects in terms of marketing and all. Should we expect more partnership like this in the future too for your project?
if the veSPA provides an lp boost have you guys considered the possible impact in terms of TVL? The people boosting will have higher apy but it may potentially disincentivize those unwilling to lock SPA from participating in the pool as overall rewards for everyone else will be lower.
Do veSPA holders get additional APR similar to how veCRV holders get ‘boosts’ up to 2.5x on curve?
When will $SPA integrate with other chains besides Arbitrum? Like BSC, Polygon. Any plans for that? For me, Gas Fee in Arbitrum is quit expensive. So I’m not familiar with ‘ve’ model. Can someone clarify how the boosted rewards would work? IE how much veSPA would I need to my staking rewards?
Is there a relationship between USD sperax guarantee ratio and SPA market liquidity? Does passive income decrease if there is no liquidity? What do you think will affect the SPA/USDs of potential regulation of US crypto and US-pegged coins? And will US regulations affect usage worldwide or outside the US?
The white paper proposes a hybrid Sperax staple coin (crypto-collateralized & algorithmic) because “legal tender-guaranteed staple coins like USDT are centralized and go against the core ideology of DeFi” and are therefore not optimal. However, the Sperax staple coin can also be collateralized with USDT and USDC, so that in the end the risk nature is the same as USDT and USDC. What does the team think about this?
In your USD ecosystem growth, I found out that sperax must rapidly expand $USD circulating supply to ensure that future users will have adequate liquidity for arbitrage and general use. How will sperax expand $USD supply to ensure that future users have adequate liquidity for arbitrage? sperax must first prioritize the infrastructure of $USDs in the Arbitrum ecosystem. did sperax choose Abitrum, because of its layer 2 roll up technology that offers high speed? Since Arbitrum is a layer 2 solution project design to enhance Ethereum, what advantage Does this offer Sperax?in the Future will Arbitrum be considered amongst other competitors?
Concerning your stakers reward breakdown.i read that the three kinds of reward stakers will receive are distributed with the same weekly distribution mechanism.please can you explain how this weekly distribution mechanism will work?And the rewards are generated by different sources.kindly tell us the different sources where the rewards will be generated from ?
From the Sperax USD documentation,i read that One of the key innovations introduced by USDs is a dynamic reliance on crypto collaterals and algorithms to provide stability, capital efficiency and scalability. Can you please elaborate more on these key features/innovations which the Sparex USDs has introduced and how will they work? What are all the benefits of these innovations introduced by the Sparex USDs to users of the platform?
I interestingly read from your documentation that the USDs protocol guarantees that USDs can be minted or redeemed for $1 at all times. I’m very curious to know, with the high volatile crypto market,how would you be able to maintain the value of the USDs token at a constant $1 value rating when collateral is nit available? What are other challenges which the USDs will face as it tries to mentain the YSDs token at the $1 rating and how have you planned to tackle them? Thanks.
One of main product from Sperax project is stablecoin USDs and also it’s possible to generate passive income for holder, actually this is the first time ever i hear stablecoin can do something like this. Can you please explain the detail of mechanism work how USDs can get the passive income and what should user do to get the passive income? And also beside the passive income, what makes USDs different than other similar stablecoin like USDT, USDC or maybe BUSD?
One of main product from Sperax project is stablecoin USDs and also it’s possible to generate passive income for holder, actually this is the first time ever i hear stablecoin can do something like this. Can you please explain the detail of mechanism work how USDs can get the passive income and what should user do to get the passive income? And also beside the passive income, are there any other benefit from USDs than other competitor which have stablecoin like USDT from tron, BUSD from binance or maybe USDC?
Usually stable coin have much weakness like Requires Third Party, requires trust from an entity, External Audits Needed to ensure assets are accounted for and less Return on Investment. Traders and investors typically desire higher returns and may resort to other means for financial gains. So how USDs and Sperax project handle this problem? Can you give us solution?
Hello, Sperax team.
Not so long ago, you announced a partnership with a cool Transak project. As I understand it, this step will help more people around the world with fewer problems to buy directly $SPA or USDs. This is very good, but bringing money into crypto is not such a big problem as converting it into fiat money. Please tell me, will it be possible to make reverse transfers within the framework of this partnership, or should we wait for the next stage of technical solutions?
Hello, Sperax team.
While studying your project, I found myself thinking that it was difficult for me to understand all the terminology and mechanics of algorithmic stablecoins. In addition, I have already seen a couple of projects that developed algorithmic stables, but for some reason automatic rebalancing did not keep the price at the required level. Please tell us in simple words what makes it possible to achieve stability in your protocol? What was the maximum drawdown in USDs that you had? After all, even for such giants as Waves, we saw not so long ago a drawdown on the stablemate of almost 30%.
Are you planning to make outo yield on global exchanges as a SPA?
Are you planning for USDs or for SPA PLAY & EARN GAMES DEVELOPMENT on metaverse for future!
Exciting for the coming years Are there any new integrations or projects within the SPA VE USDs eco system?
Looking at Sperax infrastructure, I must say that it’s really a Fantastic Masterpiece you’ve been able to develope. & Looking at your Platform’s by Design, I noticed that you built out your own front ends on top of defi protocols so that users can interact with defi directly through your site “app.sperax.io”, which allows users to access the Magnificent Auto yield Farming Features. But however, on this site, I noticed that there was two unfamiliar features which are
(1) Unique Wallets (Ethereum + Arbitrum)
(2) Unique Wallets (Arbitrum). These two features was tagged coming soon, well can you please state their functions and when they are both going to be fully Operational?
Thanks.
Many people Loves STAKING & will always be interested in the Staking where investors get passive income from, in this case, I will really like to know about What the Staking Pool pairs at $SPA On kucoin? What makes your Staking ecosystem more attractive to investors & connoisseurs of the Staking ecosystem like us in Sperax? In addition, I will like to know if token holders have the right to participate in the governance of your project? What kind of decisions can they vote on about the project? Knowing that your governance module will be live within this quarter, and After that all key decisions will be taken by spa holders!
Thanks
Knowing that your 3rd Presale Round starts on the 2nd of May, 6pm UTC / 8pm CET / 2pm ET, I would like you to provide clear details with regards on the importance and benefits of being a partaker in this round, tell us about the core Incentives set In place for Early holders of your Tokens? What could be the advantage of getting your tokens in these Early Stage? Is there going to be a maximum or minimum amount of your token a single Individual can Purchase in your pre sale? It would be great if you can add to the benefits of Getting these tokens In it’s early stage.
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Sabiendo que su tercera ronda de preventa comienza el 2 de mayo a las 6:00 p. m. UTC / 8:00 p. m. CET / 2:00 p. ¿Incentivos establecidos para los primeros titulares de sus tokens? ¿Cuál podría ser la ventaja de conseguir tus tokens en estos Early Stage? ¿Habrá una cantidad máxima o mínima de su token que una sola persona pueda comprar en su preventa? Sería genial si pudiera agregar los beneficios de obtener estos tokens en su etapa inicial.
Wrong site
Llegué a mi conocimiento de que KYC era necesario para aquellas personas que pudieron asegurar un lugar en la lista blanca, y es bastante obvio que algunas personas aún deben llevar a cabo estos procedimientos requeridos. ¿Puede pasar la información necesaria sobre cómo realizar el proceso de KYC? ¿Por qué es tan importante para los usuarios KYC? ¿Puede explicar el significado? Además, ¿hay una cantidad máxima o mínima de su token que un solo individuo puede comprar en su preventa? Sería genial si pudiera agregar los beneficios de obtener estos tokens en su etapa inicial.
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It came to my knowledge that KYC was needed for those people that were able to secure a whitelist Spot, and its quite obvious that some people are yet to carry out this required Procedures. Can you kindly pass the necessary information on how to go about the process of the KYC? Why is it so important for users to KYC? Can you please explain the significance? In addition, Is there a maximum or minimum amount of your token a single Individual can Purchase in your pre sale? It would be great if you can add to the benefits of Getting these tokens In it’s early stage.
Wrong site
For users who already have SPA on Houbi but want to use Arbitruim to stake, would it be possible? How can we Do that? If we decide to bridge Spa, do we have to first send to our private Eth Address? Ho about if we decide to sell? Do we also need to withdraw to Arbitrum and then buy back? I would like you to explain these process, what possible ways can we follow to do that?.
Can you talk about the Yield Farm in your system? I notice that you have Auto Staking services please explain these services. How does it work? If we want to Make use of it, how do we participate in it?
I will like to know more about your Staking services, what is the Structure? most Especially the Cooldown type in staking? I noticed you both have the both the Auto cooldown and The Manual cooldown type, I somehow understand the Auto-cooldown Services but it’s the Manual Cooldown services I don’t understand, does it means that If I select “stay staked in Residual Value”, does that mean veSPA balance won’t decay? In addition I hard that this cooldown services Also Expires, so How long does this cool-down Services last for? And can it be re-initiated?.
Can you briefly explain more on the “Stay staked at residual value” (or manual cooldown) future In Sperax Staking Services? Let’s say I decide to get my Assets out after Staking, how long would it take for my assets to be released to me? It was also said that After the lock expires, our assets stay locked and continue to bring rewards to us, please explain, how does this Future Actually works? How long does it takes for our Locked assets to be Expired? What type of reward do we get? And how long would we continue to be get the rewards from our Assets? What could be possibly be The Residual Value of the Staked SPA TOKENS?
I understand that Sperax is dedicated to benefiting all financial lives with blockchain technology. Who can use Sperax, is Sperax open to Holders with little capital? What are the striking features that makes Sperax unique and Special? For investors who do not care about long term term investments, What are the Motivations and advantages to attract investors to Hold Sperax token for a longterm ? What are your achievements so far and What are your future plans in 2022 and beyond?
So SPA holders can stake SPA tokens on either Arbitrum or Ethereum and receive veSPA tokens which are non transferable. Can you please highlight more on the staking protocol on Arbitrum and Ethereum? What is the Difference between staking on Arbitrum and Ethereum? What is the Minimum and Maximum time and amount holders can stake on? You mentioned that voting power will depend on users VeSPA balance, what is the Minimum veSPA balance that allows for Voting? How can a holder increase their veSPA balance? What are the Rewards / incentives for staying $SPA token?
I noticed that the SperaxUSD protocol has two token system which are the Yield bearing stablecoin: $USDs and Governance and economic buffer token: $SPA. What is the relationship between $USDs and $SPA? One of the features of the $USDs is the Price stability Mechanism, Can you tell us about the Stability Mechanism of $USDs token and how it works? What are the features, Utilities and use cases of the the $SPA token in Sperax ecosystem? What are the advantages for Holders of $USDs and $SPA Token?
Allocations and utilities of your platform token $SPA, are clear to me. However, I saw you have other two forms of $SPA, $wSPA and $veSPA. Please explain about the utilities of these two tokens. Although I read that $veSPA balance will decrease overtime, I could not understand how does it happen. Moreover, how these tokens are interconnnected? Can we purchase $SPA, $wSPA or $veSPA as we wish or is it a must to buy your main token, $SPA first?
According to your March Newsletter, you have announced a 11% APY on $USDs. Please elaborate more on this valuable opportunity. What are the requirements to enjoy this privilege? Instead of getting $SPA and minting $USDs, is there any method to purchase $USDs directly? How do you maintain a high APY as 11%? What are the income sources of Sperax?
It caught my attention that you offer an amazing feature called “auto-yield”. According to your description, users holding $USDs in their wallets automatically earn organic yield. My question is, how does this process differ from staking? What are the advantages of auto-yield? To enjoy this feature, is there a minimum amount of $SPA/$USDs tokens to hold? Please let me know more information about your “organic yield” too.
Hello Sperax Team!
I understand that USDs is the first protocol to launch liquidity mining incentives on Uniswap V3. Instead of exposing users to impermanent loss and APY fluctuations, the platform came up with an incentive model which rewards users in SPA at a fixed APR schedule. Lovely, I must say. Can you detail us on how this incentive model works in protecting users from impermanent loss as well as APY fluctuations? Will the APR earned by users be denominated in SPA? Will the APR value be solely dependent on the initial value of a user’s deposit or are there other factors put into consideration? How will market participants be offered a fair price for SPA when using arbitrage to bring USDs back to the $1 peg? In conclusion, how can I provide liquidity on the platform?
Hello Sperax Team
I understand that veSPA is SPA locked with the “vote escrow” mechanism (ve-) and on staking SPA, the staker receives non-tranferrable tokens, veSPA. First off; Give a basic and elaborate description of the “vote escrow” mechanism. How does this mechanism work? What is the minimum and maximum lockup up period for which stakers could lock up their tokens? What factors will affect the veSPA balance? Does a longer lockup period imply a higher veSPA balance for the same value of token staked? You mentioned that veSPA value will decay linearly with time; please what does this decay mean and how is it beneficial to stakers?
According to your roadmap for 2022, Sperax’s first major aim was to expand the token ecosystem by introducing the $veSPA staking protocol, modeled on Curve Finance’s veCRV. So can you tell us more of the staking protocols of $veSPA and why you choose to model or connect it with veCRV of Curve Finance?What is the % APY users will receive when they stake $veSPA?What are the other features of $veSPA or will it just be use for staking only?Will it be possible for users stake to $veSPA and earn $SPA in return?Please explain Thanks
One of the key innovations of the Sperax protocol is the possibility to determine the fraction of the money supply that is algorithmically determined versus the fraction that is collateralized.So can you briefly explain to us what you mean by “the fraction the money supply is algorithmically determined versus the fraction that is collateralized” concerning the innovation you have set up Sperax?And what are the algorithmic components you intend to rely on when the market is favorable and also the cryptocurrences you also plan to rely on when the market is unfavourable?Now that the crypto market is fluctuating,how are you fairing during this period which cryptocurrences are you currently relying on or is the algorithmic mechanism in use now?Please explain Thanks
Hello Sperax team!
I understand that it is possible for users to extend the lockup period of their staked tokens. I am eager to know how this extension works. Under what conditions will stakers be able to extend their lockup periods? By how long (days, months or years) can stakers extend their lockup period? Are there any fees charged for extending lockup period? Since it is possible to extend the Lockup period, is it by any chance possible for stakers to reduce their lock up period? If yes, under what conditions can this happen?
Looking at the distribution of staking rewards, it was stated that; Staking reward distribution happens on a weekly basis. New weeks start on Thursdays at 00:00:00 UTC and rewards are distributed at the end of each week. You also mentioned that ‘Stake-Reward-Claim-Repeat’ is a four-step cycle. Can you kindly breakdown the “Stake-Reward-Claim-Repeat cycle and how it works? How will users claim their staking rewards? What does the “Repeat” term mean? How will weekly staking rewards be calculated?
SPA holders can stake SPA tokens on Arbitrum or Ethereum and receive non-transferable and SPA tokens. The veSPA balance is proportional to the lock time, meaning the longer the user is locked out, they will receive proportionally more veSPA tokens. Currently the longest staking period is 4 years. Is it possible to withdraw the staked amount from the stake before the end of the time we set for the stake, by paying some penalty? Also, can you explain, is there a minimum and maximum amount for staking?
I saw that If a user has SPA on Ethereum Mainnet, there is need to bridge to Arbitrum to use SPA on the Sperax DApp. What more details do we have to know about the bridge’s functionality? Since the Arbitrum bridge is currently accepting wSPA, must users wrap their SPA in order to bridge it or can the unwrapped SPA be used? In wrapping the SPA token for wSPA, will the value of the wrapped tokens change or will it be same as the initial value of the unwrapped token? What fees are charged in using the bridge?
Can you talk about Sperax Play?I notice that the version 1.1 of the Sperax Play is already available.So I want to know if thid product is also from your team because its token is also $SPA token,so is the Sperax Play really from you?I also read that users can earn XP (experience points) on Sperax Play by mining, inviting friends, and Snowballing and that the XP may be converted to $SPA in the future.So how will the conversion ratio be determined?And when will the conversion be actualized?What other features can be found in the Sperax Play?Is the Sperax Play available in mobile and PC?Please explain Thanks
As it is possible to transfer SPA from Ethereum mainnet to Arbitrum, likewise it is possible to transfer SPA from Arbitrum to Ethereum mainnet. In this course, can you highlight us on how to transfer SPA from Arbitrum to Ethereum? Since Arbitrum supports wrapped SPA (wSPA), is there need to unwrap SPA before transferring back to Ethereum mainnet or can the wrapped SPA (wSPA) be transferred directly to Ethereum mainnet? What fees will be charged by the bridge in this course? Apart form Ethereum and Arbitrum, is there any plans of expanding for compatibility with other chains
On your medium, I saw an announcement about Sperax’s partnership with Transak. I know that Transak allows an integration that enables people to buy crypto currencies with their debit cards. This partnership is of a good course, I must say. Does this partnership with Transak mean that there will be provision for a fiat on-ramp where users can buy USDs and SPA with local payment methods and probably apple pay? Will Transak’s on-ramp be integrated directly to the Sperax dApp? In accessing the services offered by Transak, what charged will users pay?
While researching the Sperax platform, I noticed that the SperaxUSD protocol has an elegant two-coin system, $USD and $SPA tokens. So, can you tell us why you prefer the binary coin system? Can you tell us about the roles of $USD and $SPA tokens to keep SperaxUSD decentralized and censorship-proof? How do you prevent one of the $USD or $SPA tokens from growing independently of the other, or how one of these tokens supports the other in the face of independent growth? Could you please explain? Does one of these tokens have an authority or feature that can raise or change the rules of the protocol?
I’ve noticed that the SperaxUSD platform allows deposits and withdrawals without going through the shortcomings and annoying bridging pieces that happen in Arbitrum. Can you tell me why SperaxUSD created the infrastructure for “Arbitrum” and created a first protocol? How will you provide the option of cheap gas fees in Ethereum on the SperaxUSD platform through Arbitrum and what is the profit of the SperaxUSD project from this organization?
BDLS is a Byzantine fault tolerant proof-of-stake public blockchain developed by Sperax from what I understand. My question is, what are the main differences and advantages this novel network will offer to DeFi users? How will BDLS Network help to eliminate the widespread problems in consensus protocols, such as DoS attacks and crashes caused by unreliable p2p/broadcast channels?
Sperax USDs are the essential element and backbone of your ecosystem. But how do these $USDs stablecoins achieve a dynamic balance between collateral and algorithmic stability, unlocking the capital efficiency of stablecoin? What tools will you develop for Sperax to play a pivotal role in the development of the stablecoin ecosystem?
You made mention of “Single Sided $SPA Staking”. What is the Single Sided $SPA Staking and how does it work? How different is this form of Staking from the normal type of staking? With the Single Sided $SPA Staking; what is the APR and lockup period? Furthermore, you stated that Single-sided earnings in the $SPA Optimizer are just a preview of the veSPA strategy that will let users deploy $SPA for an array of benefits. What is the $SPA optimizer and how does it work? Please give an highlight on the veSPA strategy. What benefits will users get for deploying $SPA?
Focusing on the “Data Dashboard”, It was mentioned that Sperax has developed a $USDs subgraph using TheGraph protocol as this allows the community to access all the data analytics related to the USDs protocol. Please, kindle elaborate on this subgraph and how it works. How will users interact with the USDs subgraph? What sort of data analytics will users be able to access using the USDs subgraph? You also mentioned that there is plan to open bounties for community members to build data dashboards and other integrative metrics to visualize protocol health. Can you give more details on this? How will users enter the bounty program (what are the requirements)?
USDs protocol guarantees that USDs can be minted or redeemed for $1 at all times. Even when sufficient collateral is not available, USDs redeemers would get $1 worth of collateral in the form of SPA minted by the protocol. Whenever the price of USDs goes above or below $1, arbitrageurs can profit off the USDs price by utilizing the mint/redeem function and help in bringing the price back to the peg. Please; can you give details on how arbitrageurs can make profits whenever USDs trades above or below $1? Under what conditions will arbitrageurs mint or burn USDs in bringing the price to $1?
I saw that users can increase their veSPA balance by staking any additional amount of SPA tokens for the same lockup as their existing veSPA balance. Can you give more details about how the increased stake balance work? How will the total APR then be calculated when a user decides to increase his stake balance after sometime? Is there a set minimum time for which users could increase their stake?
Can you give us a clear explanation about this project because I’ve been minning sherpax coin for the past few months but going through your website I couldn’t find anything like minning tools for your project. What are the features provided on this project? Have you been working on a project sherpax minning before, if No, can you publicly give us authentic information in other to be saved from fraudsters? And How will sherpax project be operated fully on-chain and governance by DAO for transparency and auditability?
Hi Team Sperax♀️
DeFi is now a good form of transaction because it is not regulated by any organization or government. So I want to ask if the Sperax ecosystem can create some additional advantages for defi?We often hear that some Defi platforms has been hacked, talking about the quality of the Defi platform’s security. How confident Sperax to ensure the safety of financial system platform?
How exactly did the Sperax LIFTED project come about and
How do you evaluate the steps taken so far to lower the barrier for women entering the blockchain?
As far as I know, other than Oasis and Sperax, there are no other projects working in this field to bring women to the forefront. This work can also create great awareness in the industry. Would you consider collaborating with other blockchain projects in the industry to increase awareness?
What is the relationship between $USDs and $SPA Token tell us about it in a few simple sentences?
What is the main purpose of veSPA in sperax??
Does USDs and $SPA have different role in sperax??
According to their website Sperax requires only four steps of calculations to reach a consensus, much less than other PoS protocols, what are those steps and what guarantees us that this procedure is really more efficient and timely than others, how do they plan that Sperax play a role fundamental in the development of the stablecoin ecosystem, what are the real and quantifiable incentives that they offer to investors so that, despite being a newly born token or currency, they trust their experience and gold standards?
What are the elements that make Sperax USD really stable and solid in the face of such an unstable and volatile system, what are the bases and tools that they offer their investors so that through Sperax they can achieve control, stability and economic liquidity and guarantee better conditions and quality of life, through which networks can Sperax operate?
What do you consider are the changes and adjustments that must be made in Defi so that it is completely decentralized, what contributions or proposals can Sperax present to us, what does it do or how can they achieve that $USDs can have automatic performance, what are the key characteristics of its design, tell us a bit about the intrinsic relationship between $SPA and the adoption of $USD?
With the dedication to benefit all financial lives with blockchain technology, Sperax project provided four required steps of calculation to reach consensus which is consider much fewer than most other PoS protocols, what are these required four steps? I will like to know how these four steps will result to high performance? Also trying to explore BDLS with alot of failure and achievement in its origin, can you Briefly explain what is all about BDLS BFT protocol and why sperax design it? What is the functionality of it in your project?
What are the case uses of the $SPA token? What role does your token play in the Sperax ecosystem? What are the advantages for holders?
Reading the recent monthly news letter as published on your website, I noticed that the Sperax $USDs auto yield went live with the protocol said to maintain an 11% APY on $USDs, added to this, was the news of your recent listing on FTX exchange, as well as a partnership with Transak and many more. Recognising the need and importance ofthese events in the overall scheme of things as it concerns the Sperax platform, can you properly expantiate on the them, and what the future holds for investors and partners alike? Can you briefly provide a rundown of some of the crucial plans and integrations for the new quater, what growth strategies will be duly adopted over the next couple of months?
One of the key innovations introduced by USDs is a dynamic reliance on crypto collaterals and algorithm to provide stability, capital efficiency and scalability. Can you explain more on this key innovation and how it works to successfully provide stability, capital efficiency and scalability using crypto collaterals? What are the advantages of this key innovation to the Sperex ecosystem and also to investor’s and users aside just stability and scalability? I also noted that the further influence money supply dynamics, the protocol is paying an adjustable yield rate to USDs holders, can you explain more on how increasing of Yield Rate to USDs holders will help influence Supply Dynamics?
I understand that for users to Mint USDs, they will need SPA tokens and eligible collateral. Can you kindly elaborate more on Minting of USDs in Sparex? How can users acquire SPA and can you explain on the eligible collateral required alongside? Also on redeeming Minted USDs, can you breifly explain the redeeming process? What are the requirements for users to be eligible to redeem their minted USDs? Are there any gas fees required?
I noticed that Sperax will introduce a DAO governance mechanism for users to participate and vote on major decisions including but not limited to collateral type, swap fee parameters, and withdrawal lock-up period.What will be the rights provided to community members besides voting on important project development decisions? What actions do you plan to support to reward community activeness?
I also understand only stakeholders are allowed to participate in governance. Would like to know the requirements to become a stakeholder? lasty What is the sense for Sperax to introduce governance model within the project? Thanks!
Going through your website I saw that Sperax will build a system of interoperability so that USDs will be natively deployed to all major blockchain platforms. I would like to know, what are the measures put in place to build the system of interoperability? What are the advantages over Defi 3?I also understand that The Sperax protocol will offer a dual token system with a stablecoin (USDs), as well as a governance/value accrual token (SPA). please separately explain the utilities of these token?Are they inter-changeable? Lasty how does these Token models work?
For Algorithm Stabilization, a dual token model is used with the SPA supply absorbing the price Volatility of USDs and for minting USDs, the protocol collects eligible crypto assets and SPA tokens and these SPA tokens are burnt. Can you explain more on how your dual token model will help in absorbing the Price Volatility of USDs token? For minting, USDs, protocol collects eligible crypto assets and SPA token, can you share some of these eligible crypto Assets which will be required for minting USDs? Since the SPA tokens get Burnt, can you briefly on how the elastic schedule of the SPA token and its effect on the USDs token?
Let’s talk a little bit about your community and the efforts at growth and expansion across platforms, asides the more conventional means of social media education and interaction, can we expect to see Sperax organise workshops and seminars and symposiums, not just for an online audience for also offline? What are the plans at providing proper education to make the average community member come to terms with your version of an Algorithmic stable coin, how is it particularly different from that obtainable on the popular Terra ecosystem?
In your website, it shows that your early investors were Alameda Research, Amber, Outlier Ventures and SteveAoki. What was their most significant contribution to the SPERAX economy? Can you tell us how these early investors helped to ensure the survival of the SPERAX ecosystem? Can you share what a long and winding road does SPERAX has taken from the beginning to the present?
i understand that veSPA = more $SPA rewards, more voting power. So, my question is : How does the SPERAX team respond regarding a similar project but only for profit and the token price becomes worthless? Are there any new innovations that will be developed in the future?
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
Most of the tokens has usecase and utilities and buyback and burning features. What are your tokens features and tokenomics?
Do SpearX has staking program? As you know Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Can you list some killer features, of Your Project, that makes it ahead, of its competitors?What is the competitive advantage, your platform has that you feel most confident, about?
While trying to get information on your website, I read that there is a features called BDLS which is a Byzantine-fault-tolerant Proof of Stake public blockchain, I also went through its origin which is quite confusing, I will like to know how does this related to your project and for what reason did sperax designed the BDLS BFT protocol? Which of the cryptocurrency problems will this bring solution to? If BDLS is PoS public blockchain, is there possibility of having a secure and unpredictable random beacon or RANDAO?
What are upcoming new Killer features #Sperax & #SPA token has that targets to empowering Next generation of techs like web3.0,metaverse, Defi & other fields?
Why Sperax BDLS?
question:
Yes, we do have emerging Blockchain nowadays that offers different solutions or products.
May I ask,
Why did SPERAX chose ARBITRUM as your primary Blockchain?
Any chance to connect with Multi-chain support in the future?
question:
What I love about SPERAX is it’s USD’s AUTO YIELD STABLECOIN.
May I ask,
Does the Market conditions needs to be Bullish in order to have bigger REWWARDS?