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Home All Events Sperax: Demeter Rewards Launch

Date

Nov 22 2022
Expired!

TimeUTC

12:00 am

Your Time

  • Timezone: America/New_York
  • Date: Nov 21 2022
  • Time: 7:00 pm

Status

Active

Sperax: Demeter Rewards Launch

Liquidity mining rewards begin for Demeter – a new protocol from Sperax on Arbitrum.

DETAILS
  • Demeter protocol is a tool for DAOs to launch and manage their liquidity on Uniswap v3 pools
  • Demeter is launching a 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)
  • Available partner farms will include;
  • 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
Links & Resources
Related Launches

Blockchain

Arbitrum

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