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Home All Events Sperax: Demeter Genesis Launch

Date

Nov 14 2022
Expired!

TimeUTC

1:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Nov 14 2022
  • Time: 8:00 am

Status

Active

Sperax: Demeter Genesis Launch

Genesis liquidity mining for a new protocol from Sperax on Arbitrum.

There is no exact start time for this event, only that it is on Nov. 14.

DETAILS
  • Demeter protocol is a tool for DAOs to launch and manage their liquidity on Uniswap v3 pools
  • In anticipation of Demeter’s launch, Sperax is launching a genesis liquidity campaign with DAOs that will run for 90 days
  • DAOs will be incentivized to pair their token with Sperax’s stablecoin; USDs, to increase USDs total value locked and liquidity
  • Users will be able to stake LP tokens of partner DAOs to earn dual-token rewards (partners’ native token and Sperax’s native token – SPA)
  • SPA rewards will be matched 1:1 (in dollar value) to the partners’ reward contributions (up to $10,000 SPA / month)
  • Every 14 days, emissions rate will be rebalanced according to dollar value to match the DAOs contributions
  • Available partner farms will include;
  • More partner farms may be opened during the genesis period as other DAOs’ submit proposals for SPA emissions on their pool
Links & Resources
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