The startup has developed a blockchain-based platform that enables the creation of decentralized financial applications and business models, integrating an embedded financial layer for real-world transactions. This technology provides a reliable infrastructure for users to engage in a decentralized economy, ensuring equitable access to financial services.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the DeFi ecosystem, users often face the challenge of earning passive income on their crypto assets without actively managing complex yield farming strategies. Traditional methods can be time-consuming, require extensive knowledge of DeFi protocols, and expose users to impermanent loss and smart contract risks.
Solution
Sperax USDs is a fully collateralized stablecoin on the Arbitrum network that automates yield generation for holders. By minting and holding USDs, users can earn passive income through an auto-yield mechanism. The protocol directs collateral to audited DeFi protocols, with strategies managed through governance. Users can also provide liquidity to designated farms to earn additional rewards.
Target Audience
The primary target audience includes cryptocurrency users seeking a secure and automated way to earn passive income on their digital assets within the DeFi ecosystem.
Features
- Fully collateralized stablecoin (USDs) on the Arbitrum network
- Auto-yield generation for USDs holders
- Collateral allocation to audited DeFi protocols
- Governance-managed yield strategies
- Liquidity pools with staking rewards
- Support for minting USDs with USDT, USDC.e, and USDC
- Integration with popular platforms like CoinMarketCap, DeFi Llama, and CoinGecko
- Audited by firms like Quantstamp, Slowmist, Certik, and PeckShield