SPA
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Introduction
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1. Project introduction
Sperax USD protocol mints USDs, a 100% collateralized stablecoin. USDs is backed by on-chain collateral and generates organic yield for its holders. USDs is a stablecoin which generates auto-yield natively.
Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. Eventually, Sperax will build a system of interoperability so that USDs will be natively deployed to all major blockchain platforms.
2. Team introduction
Engineering: Joe Yu
Linkedin: https://www.linkedin.com/in/zhou-y-400894184/
Product: Atreyee Bhaumik
Linkedin: https://www.linkedin.com/in/atreyeebhaumik/
Marketing and BD: Alec Shaw
Linkedin: https://www.linkedin.com/in/alectshaw/
Engineering: David Zhao
Linkedin: https://www.linkedin.com/in/david-zhao-b40116112/
3. Investment institution
Polychian, Jumptrading, Amber, Outlier Ventures, Steve Aoki
4. Application and distribution
Token Application：
SPA is the value accrual and governance token for the Sperax ecosystem. SPA holders can stake SPA tokens on either Arbitrum or Ethereum and receive veSPA tokens which are non transferable. veSPA balance is proportional to the lockup period, meaning if user locks up for higher duration they receive proportionally more veSPA tokens. veSPA balance determines the share of staking reward and voting power.
Token distribution：
Treasury: 25%
Foundation: 25.02%
Liquid reward: 10%
Staking reward: 10%
Team and advisor: 9.98%
Private fund: 15%
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