Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Name : Sperax (SPA)
SPA Price : $0.00600 -0.74%
Consensus Mechanism : Proof of Stake
Volume: 7,830,780
Market Cap: 11,952,993
Shariah Judgement
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Shariah Status :
Last Screening: Q4 2023
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Overview
Sperax is a blockchain platform offering a range of features and tokens designed to optimize the decentralized finance (DeFi) experience. USDs, their stablecoin on the Arbitrum network, automatically generates yield for users without the need for active staking. It operates on Layer 2, ensuring lower transaction fees and scalability. USDs is fully backed by a basket of whitelisted crypto assets and deploys its collateral to earn yield from audited DeFi projects, with yields shared among holders and SPA stakers. Sperax also features Demeter Protocol for launching and managing decentralized exchange liquidity and the SPA Gauge for rewarding USDs trading pairs with SPA tokens, allowing veSPA holders to influence distribution.
Whitepaper & Documents
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