Company profile

SperaxDAO

Industry
Information Technology & Services
Employees
21
Headquarters
New York, New York
Founded
2020
LinkedIn followers
8,389
Office locations
2

SperaxDAO company summary

SperaxDAO is a company in the Information Technology & Services industry, headquartered in New York, New York, founded in 2020. On LinkedIn the company has around 21 employees and 8,389 followers. The company lists 2 office locations. Its listed specialties include blockchain, stablecoin, crypto.

What technology does SperaxDAO use?

No technologies detected yet. Warmrank rechecks company websites on a rolling basis.

About SperaxDAO

Sperax USD launched USDs in December 2021 and is the leading stablecoin and yield automating protocol on Arbitrum. Sperax USD mints USDs, a 100% collateralized stablecoin. USDs is fully on-chain and generates organic yield for its holders by sending collateral into various delta neutral DeFi strategies. The yield is passed back to holders via a gasless rebase, unlocking the power of compounding interest with no action necessary from the end user. The SPA token is the governance token of Sperax USD. SPA token holders can benefit by staking SPA to gain governance power in the Sperax DAO, and also be a revenue sharing partner with USDs. A portion of the yield generated from USDs collateral is passed back to stakers of SPA, another portion is burned. This aligns incentives between the governors of the protocol, the SPA stakers, and USDs holders. Sperax USD launched the Demeter protocol in November 2022, a no-code farm launcher on UniV3. Anyone can build their own fully incentivized farm without any coding or technical expertise. Demeter protocol is fully audited and permissionless, serving as a key piece of decentralized infrastructure. For more information visit https://sperax.io/, or visit the dApp at https://app.sperax.io.

Specialties

blockchainstablecoincrypto

Where is SperaxDAO located?

SperaxDAO lists 2 office locations.

New York, New York, USHQ
Menlo Park, California, US

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Frequently asked questions about SperaxDAO

What does SperaxDAO do?

Sperax USD launched USDs in December 2021 and is the leading stablecoin and yield automating protocol on Arbitrum. Sperax USD mints USDs, a 100% collateralized stablecoin. USDs is fully on-chain and generates organic yield for its holders by sending collateral into various delta neutral DeFi strategies. The yield is passed back to holders via a gasless rebase, unlocking the power of compounding interest with no action necessary from the end user. The SPA token is the governance token of Sperax USD. SPA token holders can benefit by staking SPA to gain governance power in the Sperax DAO, and also be a revenue sharing partner with USDs. A portion of the yield generated from USDs collateral is passed back to stakers of SPA, another portion is burned. This aligns incentives between the governors of the protocol, the SPA stakers, and USDs holders. Sperax USD launched the Demeter protocol in November 2022, a no-code farm launcher on UniV3. Anyone can build their own fully incentivized farm without any coding or technical expertise. Demeter protocol is fully audited and permissionless, serving as a key piece of decentralized infrastructure. For more information visit https://sperax.io/, or visit the dApp at https://app.sperax.io.

How many employees does SperaxDAO have?

SperaxDAO has around 21 employees on LinkedIn.

Where is SperaxDAO headquartered?

SperaxDAO is headquartered in New York, New York.

Where does SperaxDAO have offices?

SperaxDAO lists 2 office locations, including New York, New York, US; Menlo Park, California, US.

When was SperaxDAO founded?

SperaxDAO was founded in 2020.

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