Sperax is committed to creating an organic agricultural ecology through the decentralized stable currency USDs and the governance token SPA, so that users can easily enjoy the benefits brought by DeFi.
Demeter is a new open source tool from Sperax that anyone can use to build a liquid market for their digital assets. These assets include Defi tokens, digital currencies, commodities in the virtual economy, and even game/virtual world items. The Demeter program will be released on November 14th.
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What is Demeter
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full support
Uniswap V3 NFT LP positions (engineering support)——The "custom liquidity price range" function of Uniswap V3 greatly improves the capital utilization rate of the Uniswap pool, but at the same time complicates the structure of its smart contract: for example, the Uniswap LP position in V3 is changed from the general ERC20 to NFT ( ERC721) This increases the difficulty of chain implementation for a series of Dapp applications including farms. Demeter automates the entire process of creating and managing Uniswap V3 farms.
Liquidity incentives (financial support)— When considering liquidity activity, DAOs typically need to weigh token emissions against the resulting sell pressure. But with a matching SPA budget, Demeter can reduce the DAO's spending by 50%, thereby reducing some of the budgetary pressure.
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mutual benefit
SPA holder- The Demeter protocol does not charge any fees for farms tied to USDs or SPAs. USDs is currently less liquid than other tokens, and joint incentive liquidity activities can bring about an increase in USDs trading pairs, USDs liquidity, and protocol TVL. Thereby destroying more SPAs and bringing more free cash flow to SPA stakers.
Holders of USDs- The Sperax USD protocol only provides automatic returns to USDs in wallets (not contracts). Each USDs generates a return on $1 worth of collateral, but not every USDs earns an automatic return; this is equivalent to increasing the automatic rate of return on USDs. At the same time, when the protocol encourages asset pools containing USDs, the automatic rate of return of USDs will rise, because the USDs in these pools will not receive automatic returns. A high automatic rate of return can help the SperaxUSD protocol support more FinTech partners, which can increase the volume of USDs enjoying automatic benefits without losing the total automatic rate of return.
Arbitrum Ecosystem—— Arbitrum is currently the most defi-friendly ecosystem on the market. DAOs can take advantage of the turnkey liquidity solution and attract a large amount of liquidity from other chains to enjoy the various benefits that Demeter provides during the Genesis event.
Participate in Demeter's DAO—— Engineering, Finance, Marketing
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Demeter Partners
GMX - the leading decentralized perpetual contract trading platform on the Arbitrum network
PlutusDAO - Arbitrum's governance blackhole protocol
Saddle Finance - Low Slippage Swap DEX
Layer2DAO - The largest L2 native DAO
Protocols such as GMX, Saddle Finance, and Layer2DAO are using Demeter to launch their yield farms, with liquidity rewards set to go live on November 14th. Use Demeter to deposit into the mining pool and get token incentives. Below are the details of the pool discharge:
GMX — the leading decentralized perpetual contract trading platform
The GMX-USDs pool will distribute $5,000 worth of GMX rewards each week for 6 weeks. GMX will adjust the discharge for the next few weeks based on the TVL in the pool. This contribution will be matched against the SPA.
PlutusDAO — Arbitrum's governance blackhole protocol
The PLS-USDs pool will issue incentives of 14,000 (~$7,000) PLS per month for 3 months. This contribution will be matched against the SPA.
Saddle Finance — Low Slippage Swap DEX
The SDL-USD pool will issue an incentive of 333,333 (approximately $5,000) SDL per month for 3 months. This contribution will be matched against the SPA.
Layer2DAO — the largest L2 native DAO
The L2DAO-USDs pool will issue incentives of 400,000 (approximately $35,000) L2DAO per month for 3 months. This contribution will be matched against the SPA.
VELA — A Perpetual Exchange with Promising Future
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Participate in Genesis
Following the passage of SIP-17, the Sperax community will launch a 90-day "Reward Match" campaign. The event will run for 90 days starting on November 6th (Demeter launch day).
DAO can follow the template, and then inhttp://forum.sperax.io Submit the proposal as a new SIP. The successful DAO of the SIP proposal will be added to the Genesis activity.
stencil:https://docs.google.com/document/d/17bhoT9LugUo6_UMs_-IoobGHln7zHEFXcrDx0rXp8Nc/edit
All processes will be open and fair, and DAOs can start farms without risk.
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