Key Metrics
Fees 30d$851.93
Fees 30d by chain
Arbitrum$851.93
Fees 7d$248.2
Arbitrum$248.2
Fees 24h$9.83
Arbitrum$9.83
Cumulative Fees$19,646.46
Arbitrum$19,646.46
Revenue 30d$256.44
Revenue 30d by chain
Arbitrum$256.44
Revenue 7d$75.12
Arbitrum$75.12
Revenue 24h$3.37
Arbitrum$3.37
Cumulative Revenue$6,008.15
Arbitrum$6,008.15
Holders Revenue 30d$256.44
Holders Revenue 30d by chain
Arbitrum$256.44
Holders Revenue 7d$75.12
Arbitrum$75.12
Holders Revenue 24h$3.37
Arbitrum$3.37
Cumulative Holders Revenue$6,008.15
Arbitrum$6,008.15
Market Cap$511,738
$SPA Price$1
All Time High$2
All Time Low$0.83
$511,738
$SPA Volume 24h$119,901
CEX Volume$0
DEX Volume$96,180.74(80.22% of total)
Staked$548,226.68(107.13% of mcap)
Protocol Information
SperaxUSD (USDs) is a stablecoin and yield-automator on Arbitrum. USDs is 100% backed by collateral that is sent to DeFi strategies to produce a yield. This yield is then distributed to holders in a gasless manner, making compound interest easy.
Audits:
Methodology
TVL: Counts all collateral locked to mint USDs.This collateral is either sent to DeFi strategies to produce an organic yield, or is stored in the VaultCore contract of the USDs protocol. Some TVL is classified as staking. This component of TVL consists of all SPA staked in Sperax’s veSPA protocol.View code on GitHubFees: Yield harvested on the USDs collateral basket (strategy interest + rewards) plus USDs mint/redeem fees.View code on GitHubRevenue: 30% of the yield plus 100% of mint/redeem fees, used to buy back and burn SPA.View code on GitHubHolders Revenue: 30% of the yield plus 100% of mint/redeem fees, used to buy back and burn SPA, accruing value to SPA holders.View code on GitHubHacks
Date: Feb 4, 2023
Amount: $250,000
Classification: Token & Share Accounting
Technique: Unbacked Mint
Chains: Arbitrum
Language: Solidity
Target Type: Token
Competitors
Frequently Asked Questions
What is Sperax USD's TVL?
Sperax USD currently has $519,009.25 in total value locked. TVL has increased 0.1% over the past 30 days.
What chains does Sperax USD operate on?
Sperax USD operates on 2 chains: Arbitrum and Ethereum. Arbitrum holds the largest share at 100%.
How much has Sperax USD generated in fees and revenue?
Over the past 30 days, Sperax USD generated $851.93 in fees. Of that, $256.44 was protocol revenue. Based on the trailing year, the annualized rate is $15,238.15 in fees and $4,675.52 in revenue.
What is the USDS token price and valuation?
USDS is currently trading at $1. Its circulating market capitalization is $511,976, ranking it #4,117. Its fully diluted valuation is $511,477. Supply currently stands at 513,458.11 circulating, 512,957.63 total supply.
How has USDS performed recently?
USDS is down 0.3% over the past 7 days and down 0.3% over the past 30 days. Its all-time high is $2, reached on Dec 1, 2022. The token is currently 50.1% below that level.
How does Sperax USD's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Sperax USD ranks #48 by TVL. The category holds $1.383b across 195 protocols, and Sperax USD accounts for <0.1% of that total. Other leading protocols include CIAN Yield Layer, Yearn Finance, Beefy, Fusion by IPOR, YO Protocol, vfat.io, Harvest Finance, Superform, Badger DAO, and YieldFi.
Has Sperax USD ever been exploited?
Sperax USD has 1 recorded security incident. The most recent incident occurred on Feb 4, 2023 and involved $250,000. It was classified as Token & Share Accounting.