Sperax Monthly Newsletter — August '24

Published by Sperax Team

SPArtans ⚔ Welcome back to our monthly update!

August has been a month of transformative steps, from community engagement to technical upgrades. As always, we’re grateful for your dedication and excited to share this month’s highlights.

USDs auto-yield continues to empower our users, standing strong, while Demeter 2.0 thrives with fresh features and liquidity incentives. Let’s dive in!

Post-Demeter Launch AMA: Marketing, SPA Burn & Future Plans

We kicked off the month with a successful AMA after the Demeter 2.0 launch, where we addressed a range of pressing questions from our community. From marketing strategies to future plans for SPA token burns, we laid out our roadmap for growth and further innovation.

Missed it?

Don’t worry—you can catch the recording and key takeaways HERE.

Old Demeter Farms Closure: Time to Move to Demeter 2.0!

As we evolve, so do our platforms. On 10th September, we will officially close the old Demeter farms.

We kindly remind all our loyal users to move your liquidity to the newly launched Demeter 2.0 to continue earning rewards. This is your opportunity to enjoy enhanced features, better yields, and a more streamlined farming experience.

Transition now to Demeter 2.0!

Dune Analytics Integration: Data-Driven Growth

We've taken another step in refining our ecosystem by integrating Dune Analytics. With this, dApp analytics have become much more transparent, allowing you to track key metrics like USDs TVL.

We’re all about giving our users the tools to make data-driven decisions, and this is a leap in that direction.

Check it out HERE.

Partnership with Safeyields: Expanding Auto-Yield Access

We're excited to announce our partnership with Safeyields, an AI-driven decentralized platform focused on DeFi strategies.

Through this collaboration, USDs will reach a broader audience, enabling more users to benefit from our stable auto-yield on Arbitrum and soon on other chains.

It’s a win-win, providing both communities with enhanced yield opportunities and strategic growth.

Stay tuned for more as we take USDs to new heights!

LTIPP Grant Period Closed, Extension Requested

The LTIPP grant period has officially ended, meaning ARB rewards have stopped on Demeter for now. However, we’ve submitted a request for an extension until September 23rd. If approved, we plan to resume ARB rewards, driving even more value to our ecosystem.

The request comes after a 6-week audit delay for Demeter 2.0’s smart contracts. The audit is now complete, and we’re confident that an extension will allow us to realign our rewards program.

Sperax Homepage Revamp: USDs Front and Center

We’ve rolled out a sleek new homepage that brings USDs, our yield-generating stablecoin, to the forefront. The design reflects the essence of USDs, emphasizing its stable return benefits and its role in liquidity pools for enhanced yields.

Check it out HERE, share it, and let us know what you think!

Community on X: Weekly Updates, Memes & More!

Our presence on X has been supercharged. From weekly updates to community engagement threads, and of course, some fun with memes, we’re all in. Make sure you’re following us for the latest news, updates, and a few laughs along the way.

SIP-66: Sperax Revenue Share - increase the revenue share for USDs holders, increase SPA burns, and identify a risk mitigation strategy - (Passed)

SIP-67: Introduces new stable-USDs pools and incentives on Ramses, Balancer, Curve, TraderJoe, PancakeSwap, SushiSwap to drive TVL growth for USDs and boost liquidity. - (Passed & to be implemented soon)

What's Next?

We’re constantly working to enhance our ecosystem. Here are a few initiatives on the horizon:

Expanding USDs adoption across more DEXs and CEXs
Continued community engagement through AMAs and governance
Enhanced partnerships and strategic alliances

Stay tuned for more updates as we continue to build, improve, and thrive together. The journey is far from over, and we’re glad to have you with us!

Thank you for being part of our journey. We look forward to continuing this momentum as we head into September. 🌱 The future is bright, and together we’ll grow the ecosystem stronger than ever.