Sperax
Total Value Locked926.55 ETH
| Arbitrum | 926.55 ETH |
|---|---|
| Ethereum | 0 ETH |
| Include in TVL (optional) | |
|---|---|
| 2,553 ETH |
| Staked | 2,553 ETH |
|---|---|
| 135.64 ETH | |
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
Development Activity
(updated at 11/03/25)
Weekly commits: 6
Monthly commits: 17
Weekly developers: 1
Monthly developers: 1
Last commit: a month ago (2025-03-11)
Token Information
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Proposals
| Title | Winning Choice | Discussion | |||||
|---|---|---|---|---|---|---|---|
| SIP-68: Demeter 2.0 Farms and Emissions | 14 Oct, 2024, 10:52 | 17 Oct, 2024, 10:52 | Closed | 207.36m | For (96.94% of votes) | 3168722.00 | |
| SIP-67: New USDs Pools and Incentives | 14 Aug, 2024, 16:53 | 17 Aug, 2024, 16:53 | Closed | 215.4m | For (100% of votes) | 0.24 | |
| SIP-66: Sperax Revenue Share | 5 Aug, 2024, 08:42 | 8 Aug, 2024, 08:42 | Closed | 224.05m | For (100% of votes) | 0.29 | |
| SIP-65: SPA Token Burn From Treasury | 1 Aug, 2024, 19:04 | 4 Aug, 2024, 19:04 | Closed | 185.01m | Against (77.7% of votes) | 20629459.13 | |
| SIP-64: Closing Old Demeter Farms | 22 Jul, 2024, 16:40 | 25 Jul, 2024, 16:40 | Closed | 205.44m | For (100% of votes) | 0.28 | |
| SIP-63: Demeter 2.0 Launch | 8 Jul, 2024, 15:59 | 11 Jul, 2024, 15:59 | Closed | 262.1m | For (100% of votes) | 0.04 | |
| SIP-62: Removal of LUSD, DAI, and FRAX as... | 13 Jun, 2024, 04:02 | 16 Jun, 2024, 04:02 | Closed | 219.41m | For (100% of votes) | 0.04 | |
| SIP-61: Increase USDs APR cap | 8 Apr, 2024, 04:54 | 11 Apr, 2024, 04:54 | Closed | 280.19m | For (99.99% of votes) | 13176.17 | |
| SIP-60: Umami DAO Uniswap USDs liquidity ... | 20 Feb, 2024, 18:47 | 23 Feb, 2024, 18:47 | Closed | 209.17m | For (100% of votes) | 2997.80 | |
| SIP-59: Start fUSDC - USDs Camelot V2 poo... | 20 Feb, 2024, 18:42 | 23 Feb, 2024, 18:42 | Closed | 209.2m | For (100% of votes) | 3658.68 | |
| SIP-58: Close the Gauge | 27 Nov, 2023, 19:07 | 30 Nov, 2023, 19:07 | Closed | 230.99m | For (99.99% of votes) | 8670.98 | |
| SIP-57: Introduce protocol owned liquidit... | 25 Oct, 2023, 11:03 | 28 Oct, 2023, 11:03 | Closed | 210.11m | For (100% of votes) | 4176.46 | |
| SIP-56: Proposal to reduce emissions | 25 Oct, 2023, 10:56 | 28 Oct, 2023, 10:56 | Closed | 210.1m | For (94.63% of votes) | 5642247.54 | |
| SIP-55: Diversify USDs collateral strateg... | 25 Sep, 2023, 12:09 | 28 Sep, 2023, 12:09 | Closed | 660.3m | For (99.99% of votes) | 17665.92 | |
| SIP-54: Launch USDC-USDs farm and add it ... | 25 Sep, 2023, 12:07 | 28 Sep, 2023, 12:07 | Closed | 660.24m | For (100% of votes) | 8249.66 | |
| SIP-53: New xSPA token: invest SPA emissi... | 21 Aug, 2023, 12:19 | 24 Aug, 2023, 12:19 | Closed | 213.84m | For (99.56% of votes) | 470481.63 | |
| SIP-52: USDs smart contract upgrade (USDs... | 2 Aug, 2023, 10:44 | 5 Aug, 2023, 10:44 | Closed | 628.36m | For (99.99% of votes) | 18681.27 | |
| SIP-51: Add Compound Finance’s USDC strat... | 13 Jul, 2023, 09:14 | 16 Jul, 2023, 09:14 | Closed | 427.94m | For (99.98% of votes) | 32583.50 | |
| SIP-50: Add LUSD as collateral and use it... | 13 Jul, 2023, 09:11 | 16 Jul, 2023, 09:11 | Closed | 427.94m | For (99.98% of votes) | 36388.69 | |
| SIP-49: SafeYields <> Sperax Strategic Al... | 15 Jun, 2023, 08:18 | 18 Jun, 2023, 08:18 | Closed | 16.04m | For (98.91% of votes) | 87490.03 | |
| SIP-48: Reintroduce USDT collateral and d... | 12 Jun, 2023, 04:10 | 15 Jun, 2023, 04:10 | Closed | 440.08m | For (99.98% of votes) | 50014.64 | |
| SIP-47: Add rEth-USDs farm to the SPA Gau... | 22 May, 2023, 07:03 | 25 May, 2023, 07:03 | Closed | 435.26m | For (99.95% of votes) | 116100.42 | |
| SIP-46: Add SPA/USDs and USDs/USDC Camelo... | 7 May, 2023, 12:31 | 10 May, 2023, 12:31 | Closed | 605.43m | For (99.97% of votes) | 88551.80 | |
| SIP-45: Add LODE-USDs farm to the SPA Gau... | 30 Apr, 2023, 04:53 | 3 May, 2023, 04:53 | Closed | 444.3m | For (99.96% of votes) | 94629.07 | |
| SIP-44: Add USD+/USDs farm to the SPA Gau... | 30 Apr, 2023, 04:45 | 3 May, 2023, 04:45 | Closed | 444.28m | For (99.96% of votes) | 97986.17 | |
| SIP-43: Add L2DAO-USDs farm to the SPA Ga... | 30 Apr, 2023, 04:29 | 3 May, 2023, 04:29 | Closed | 459.16m | For (99.97% of votes) | 61224.67 | |
| SIP-42 Add arUSD-USDs farm to the SPA Gau... | 17 Apr, 2023, 19:40 | 20 Apr, 2023, 19:40 | Closed | 451.19m | For (99.97% of votes) | 58476.85 | |
| SIP-41: Proposal to move veSPA from Ether... | 17 Apr, 2023, 19:33 | 20 Apr, 2023, 19:33 | Closed | 518.95m | For (99.98% of votes) | 55476.21 | |
| SIP-42 Add arUSD-USDs farm to the SPA Gau... | 14 Apr, 2023, 03:47 | 17 Apr, 2023, 03:47 | Closed | 90.89m | For (99.88% of votes) | 54017.69 | |
| SIP-41: Proposal to move veSPA from Ether... | 14 Apr, 2023, 03:34 | 17 Apr, 2023, 03:34 | Closed | 105.55m | Yes (99.92% of votes) | 42179.37 | |
| SIP-40: Allocate bribes to ARB-USDs and W... | 10 Apr, 2023, 16:32 | 13 Apr, 2023, 16:32 | Closed | 75.75m | For (95.53% of votes) | 1694568.95 | |
| SIP-39: Update policy to add Demeter farm... | 30 Mar, 2023, 15:15 | 2 Apr, 2023, 15:15 | Closed | 547.64m | For (89.84% of votes) | 27812910.78 | |
| SIP-38: Introduce Mint Fee for VST and re... | 30 Mar, 2023, 14:09 | 2 Apr, 2023, 14:09 | Closed | 540.09m | For (99.98% of votes) | 44226.77 | |
| SIP-37: Delegate 500,000 ARB to Summoner ... | 27 Mar, 2023, 13:49 | 30 Mar, 2023, 13:49 | Closed | 115.15m | Against (99.43% of votes) | 325420.04 | |
| SIP-36: Update redemption policy | 15 Mar, 2023, 17:49 | 18 Mar, 2023, 17:49 | Closed | 499.11m | For (99.99% of votes) | 36224.64 | |
| SIP-35: Decentralize and streamline staki... | 1 Mar, 2023, 10:57 | 4 Mar, 2023, 10:57 | Closed | 460.72m | Yes (100% of votes) | 9040.18 | |
| SIP-34: SPA Gauge Implementation Proposa... | 16 Feb, 2023, 21:59 | 19 Feb, 2023, 21:59 | Closed | 459.03m | Yes (99.99% of votes) | 12561.54 | |
| SIP-33: Redirect SPA from veSPA emission ... | 16 Feb, 2023, 21:53 | 19 Feb, 2023, 21:53 | Closed | 464.95m | Yes (96% of votes) | 9296685.12 | |
| SIP-31: Reduce the fee for launching farm... | 13 Feb, 2023, 18:52 | 16 Feb, 2023, 18:52 | Closed | 468.41m | Yes (99.99% of votes) | 26237.76 | |
| SIP-32: SPA Gauge Starting Budget and Inf... | 13 Feb, 2023, 18:47 | 16 Feb, 2023, 18:47 | Closed | 466.26m | Yes (99.42% of votes) | 1344041.36 | |
| SIP-30: Set Sperax DAO Voting Quorum Thre... | 24 Jan, 2023, 16:29 | 27 Jan, 2023, 16:29 | Closed | 384.89m | Yes (99.34% of votes) | 1277979.94 | |
| SIP-28: Gains Network x Sperax Demeter Po... | 9 Jan, 2023, 01:20 | 12 Jan, 2023, 01:20 | Closed | 34.26m | Yes (99.67% of votes) | 56684.34 | |
| SIP-27: Remove Stargate-USDС strategy as ... | 8 Jan, 2023, 15:25 | 11 Jan, 2023, 15:25 | Closed | 53.87m | Yes (99.96% of votes) | 10065.37 | |
| SIP-26: Migrate SPA Incentives from Saddl... | 30 Dec, 2022, 20:48 | 2 Jan, 2023, 20:48 | Closed | 31.51m | Yes (99.95% of votes) | 7215.25 | |
| SIP-25: Relaunch Sperax Liquidity Pools T... | 14 Dec, 2022, 21:49 | 17 Dec, 2022, 21:49 | Closed | 40.81m | Yes (99.98% of votes) | 4873.19 | |
| SIP-24: Rage x Sperax Demeter Pool | 14 Dec, 2022, 21:47 | 17 Dec, 2022, 21:47 | Closed | 20.81m | Yes (95.36% of votes) | 482861.18 | |
| SIP-23: Rage Trade x Sperax Partnership | 14 Dec, 2022, 21:43 | 17 Dec, 2022, 21:43 | Closed | 20.73m | Yes (99.95% of votes) | 5279.43 | |
| SIP-22: Camelot x Sperax Partnership | 19 Nov, 2022, 10:54 | 22 Nov, 2022, 10:54 | Closed | 53.13m | Yes (99.93% of votes) | 18113.53 | |
| SIP-21: Increase USDC redemption fee | 18 Nov, 2022, 21:57 | 21 Nov, 2022, 21:57 | Closed | 94.33m | Yes (99.98% of votes) | 10021.28 | |
| SIP-20: Launch ETH - USDs Demeter Pool | 18 Nov, 2022, 21:50 | 21 Nov, 2022, 21:50 | Closed | 94.47m | Yes (99.95% of votes) | 25562.73 | |
| SIP-19: fxUSD / USDs Demeter Farm Incenti... | 11 Nov, 2022, 21:30 | 14 Nov, 2022, 21:30 | Closed | 97.19m | Yes (99.98% of votes) | 9992.47 | |
| SIP-18: VELA / USDs Genesis Launch Partne... | 6 Nov, 2022, 16:45 | 9 Nov, 2022, 16:45 | Closed | 375.09m | Yes (100% of votes) | 3665.91 | |
| SIP-17: Launch GMX-USDs, PLS-USDs, SDL-US... | 28 Oct, 2022, 16:35 | 31 Oct, 2022, 16:35 | Closed | 365.36m | Yes (100% of votes) | 2676.33 | |
| SIP-16: Add Saddle USDC - FRAX Strategy | 27 Oct, 2022, 16:58 | 30 Oct, 2022, 16:58 | Closed | 373.08m | Yes (100% of votes) | 9306.80 | |
| SIP-15: Apply Max Cap to VST Collateral | 16 Oct, 2022, 14:15 | 19 Oct, 2022, 14:15 | Closed | 332.91m | Yes (100% of votes) | 38.83 | View |
| SIP-14: Increase SPA/USDs Liquidity Minin... | 10 Oct, 2022, 16:16 | 13 Oct, 2022, 16:16 | Closed | 97.08m | No (77.47% of votes) | 10938199.23 | View |
| SIP-13: Extend Saddle USDs Farm | 26 Sep, 2022, 21:28 | 29 Sep, 2022, 21:28 | Closed | 101.11m | Yes (100% of votes) | ||
| SIP-12: Increase USDC Allocation to Starg... | 15 Sep, 2022, 13:38 | 18 Sep, 2022, 13:38 | Closed | 109.52m | Yes (100% of votes) | -0.00 | |
| SIP-11: Demeter V1 Launch Spec | 7 Sep, 2022, 21:01 | 10 Sep, 2022, 21:01 | Closed | 101.3m | Yes (100% of votes) | -0.00 | |
| SIP-11: Demeter V1 Launch Spec | 1 Sep, 2022, 14:45 | 4 Sep, 2022, 14:45 | Closed | 129.81m | Yes (100% of votes) | ||
| SIP-10: Decrease Protocol Risk to Depegge... | 25 Aug, 2022, 11:31 | 28 Aug, 2022, 11:31 | Closed | 111.41m | Yes (99.99% of votes) | 7216.74 | |
| SIP-9: Continue Current Saddle USDs Farm | 25 Aug, 2022, 11:30 | 28 Aug, 2022, 11:30 | Closed | 102.96m | Yes (99.99% of votes) | 7216.75 | |
| SIP-8: Decentralize SPA buyback process +... | 25 Aug, 2022, 11:29 | 28 Aug, 2022, 11:29 | Closed | 111.37m | Yes (99.99% of votes) | 7216.75 | |
| SIP-7: USDs Curve Liquidity Experiment | 25 Aug, 2022, 11:27 | 28 Aug, 2022, 11:27 | Closed | 111.01m | Yes (100% of votes) | ||
| SIP-6: USDs mint/redeem updates, SPA Burn... | 18 Aug, 2022, 00:09 | 21 Aug, 2022, 00:09 | Closed | 149.64m | Yes + Revenue Directi... (57.91% of votes) | 31495186.50 | |
| SIP-5: Demeter Protocol POC: Deploy L2DAO... | 11 Aug, 2022, 01:32 | 14 Aug, 2022, 01:32 | Closed | 99.7m | Yes (100% of votes) | ||
| SIP-4: Deploy USDC to Stargate | 27 Jul, 2022, 22:53 | 30 Jul, 2022, 22:53 | Closed | 121.76m | Yes (100% of votes) | View | |
| SIP-3: Redirect Farm Emissions to USDs - ... | 20 Jul, 2022, 23:00 | 23 Jul, 2022, 23:00 | Closed | 99.99m | Yes (86.1% of votes) | 6951420.42 | |
| SIP-2: Deploy USDC to Aave + Whitelist DA... | 20 Jul, 2022, 23:00 | 23 Jul, 2022, 23:00 | Closed | 90.25m | Yes (99.75% of votes) | 110975.73 | |
| SIP-1: Diversify out of USDT into FRAX an... | 13 Jul, 2022, 21:59 | 16 Jul, 2022, 21:59 | Closed | 95.39m | Yes (99.8% of votes) | 94644.02 |