Spectra00
$SPECTRA
MCAP2.50M
+9.78%

what's Spectra?

Spectra is an open-source, EVM-centric protocol designed for interest rate derivatives in DeFi. It enables users to create permissionless pools for yield-bearing assets, allowing them to trade yield separately from principal, fix interest rates, and earn returns by supplying liquidity. The protocol supports ERC-4626 compliant tokens, such as yield-bearing stablecoins, by splitting deposits into two components: Principal Tokens (PT) that provide fixed yields redeemable at maturity, and Yield Tokens (YT) that capture variable yield exposure for speculation or hedging. Users can hold PTs for predictable income, trade YTs to bet on rate movements, or provide liquidity in both for rewards without lockups or liquidations. Spectra's permissionless nature allows anyone to deploy custom pools, fostering integration with various ecosystems and assets. It emphasizes transparency and efficiency through smart contracts, sharing protocol revenue with stakers to incentivize governance and participation. The protocol operates across multiple chains, including Ethereum, Arbitrum, Avalanche, Base, and others, facilitating strategies like yield leverage and risk management in a decentralized manner.

Snapshot

Spectra's MetaVaults now tracked by DefiLlama, showing public liquidity.

contract

base

ethereum

optimistic-ethereum

arbitrum-one

6D ago
VISIBILITY EVENTOfficial

MetaVaults are now tracked by DefiLlama, enabling public visibility of total liquidity supplied.

2W ago
VISIBILITY EVENTOfficial

Team members are attending EthCC 9 in Cannes, with presence at the main venue, side events, and Vault Summit.

3W ago
ONCHAIN METRICSOfficial

MetaVaults reached $10,000,000 TVL, growing 85.22% over the weekend ending March 23, 2026.

1M ago
ONCHAIN METRICSOfficial

WFLR inflows reached over 200 million units year-to-date, representing a 194% increase.

TECH EVENT

Launched dedicated volume charts with hourly resolution for permissionless pools, displaying Principal Token and Yield Token swap activity with color-coded indicators for trading direction.

PARTNERSHIP

Integrated Principal Tokens (PTs) as collateral on Morpho through Katana, enabling borrowing of vbUSDT and earning bonus KAT rewards.

TOKEN ECONOMICSOfficial

Implemented SGP17, reworking "Reduce Emissions" gauge to direct 50% of emissions to locked veSPECTRA for voters and retain 50% for DAO reserves.

ONCHAIN METRICSOfficial

Received over 450,000 stXRP units deposited and deployed over 1,750,000 stXRP units from Firelight in the past 24 hours.

ONCHAIN METRICSOfficial

Reaches all-time high TVL of over 8,500,000 FXRP units on Flare Networks.

PARTNERSHIP

Integrated with Merkl to provide a MetaVault template for projects deploying liquidity vaults.

2M ago
TECH EVENTOfficial

Launched USDC MetaVaults on Katana, curated by Clearstar Labs, with perpetual vaults and automated rollovers. Enabled KAT rewards starting February 17, 2026, for Yearn's Katana USDC vault (8% yield, 4% borrow cost), alongside a KAT rewards tracker in the Spectra App for KAT earned from liquidity provision to Katana Pools and MetaVaults.

ONCHAIN METRICS

Operates a SW-WUSDN pool on Ethereum with $139K TVL, 58.6% current APY, and 24% 30-day average APY as a structured yield product with fixed maturity.

UNCATEGORIZED

Teased a major announcement scheduled for 2026-02-12.

ONCHAIN METRICSOfficial

Hits new all-time high TVL on Avalanche, with liquidity inflows to avUSD pools powered by Avant Protocol.

ONCHAIN METRICS

Achieved 429% growth in weekly DEX volume in 2026.

ONCHAIN METRICS

vbUSDC on Spectra achieves a 350% yield during Shogun Season.

3M ago
PARTNERSHIPOfficial

Deployed on Sei Network, enabling yield trading through Principal and Yield Tokens.

MARKET ACTIVITY

Redirects veCRV fee share into vote incentives on the SPECTRA/OETH liquidity pool on Curve Finance in collaboration with Origin Protocol.

4M ago

The APW to SPECTRA token bridge closes on December 15, 2025 (in 5 days).

sBOLD markets launch on Spectra Mainnet with Principal and Yield Tokens, sBOLD Pool, and rewards from the Liquity Protocol ecosystem.

Official

Launched sFLR pool from SceptreLS and stXRP markets from Firelight on Flare Networks, offering rFLR Rewards; distributed March rFLR rewards to liquidity providers across pools and MetaVaults.

Spectra partners with Firelight and Kinetic to offer lending and structured strategies in the XRPFi ecosystem as part of the live Ignition program.

Spectra expands to Monad network.

Re protocol integrates with Spectra Finance, enabling Re Points to become programmable onchain markets on Avalanche.

Active yield farming pools on Spectra include mevUSDC on Avalanche at 200%+ APY, lstRZR on Ethereum at 70-156% APY, and hbUSDT on HyperEVM at 10-12% APY.

Spectra appears on Upshift and AUSD roadmaps.

USDAI and sUSDAI soon available on Spectra Finance, Aerodrome, ExtraFi, and 0xfluid on Base chain.

USDAI liquidity seeded on Spectra Finance and Aerodrome Finance platforms.

The APW and veAPW migration bridge to SPECTRA closes on December 15, 2025, with sdAPW to sdSPECTRA conversion now live on Stake DAO at a 1:20 ratio.

Infinit Labs launches agentic strategies featuring Spectra Finance with yields of 32.03% for stablecoins and 14.43% for delta-neutral ETH on Katana. The strategies run across Spectra Finance, SushiSwap, and Hyperliquid, accessible to 40M+ Gate Wallet users and 280M+ Binance Wallet users.

5M ago

Integrated with YieldNest's ynRWAx token as an ERC-4626 vault for RWA lending and looping strategies, with APYs starting tomorrow.

Over $100k from VaultBridge yield now boosts borrows and LPs on Spectra, Morpho, and Sushi, increasing APY for Katana DeFi users.

ynBNBx token goes live on the platform.

Yearn Finance's main product page now links directly to Spectra Pools on Katana, allowing Yearn Vault Token holders to earn swap fees and periodic reward injections from Katana's vaultbridge.

Bitcoin PT looping launches on Hemi network with over $500k liquidity available, enabled through SoleraLabs market curated by ClearstarLabs.

Vaultbridge yield boosting now includes Spectra LPs on Katana, adding $63,000 in additional yield over the past week with retroactive rewards from October 14th for USDC and WETH users.

Methamorphosis S3 launches as a collaboration between mETH Protocol and HyperEVM ecosystem, including Spectra alongside HyperSwapX, HypurrFi, and HyperBeat.

Integration with Flare Networks launches, enabling XRP fixed rate products and yield leverage opportunities.

LP and PT opportunities rank at the top of DefiLlama's Hyperliquid section. HyperBeat strategies capture volatility yield for these opportunities.

6M ago

ynBNBx TVL reaches all-time high of $42M, and Curve approves ynRWAx/USDC gauge proposal for upcoming deployment.

$sdSPECTRA is integrated into Stake DAO's Liquid Lockers system, with $111K distributed this week to holders who receive voting power and yield optimization.

BNB yield trading opportunities are now available on the platform.

Integrated with Katana in partnership with GSR, supporting PT/YT trading, liquidity pools for AUSD and other assets, and displaying PT, YT, LP token holdings, market values, and expiry dates in its Portfolio interface.

Integration with Aegis enables YUSD stablecoin holders to split their tokens into YT/PT/LP positions for yield stacking and points farming opportunities.

Integration with OpenEden provides 2,250 daily EDEN token emissions for cUSDO holders on the platform.

Spectra receives 10-40x boost in Powder rewards through HyperEVM integration alongside other DeFi projects.

Noon Capital is in discussions to incorporate PT-assets into one of their $USN strategies.

7M ago

Competitive analysis reveals underperformance in PT yields (vs 23.43% APY), YT leverage ratios, and liquidity depth (vs $41M) compared to main competitors.

Community bribes launch for smWETH pool on Base network

Weekly distribution of $116K in liquid locker tokens completed across multiple protocols, with voting rights preserved.

Protocol records $102M in 30-day trading volume

Liquidity pools set to expire in 7 days, significantly shorter than competing Pendle pools which have 70 days remaining.

New yield farming opportunity launches with 126x leverage for YT-sYUSD backed by $1M liquidity.

Protocol reaches $120M TVL with 74% of tokens ve-locked and $431K market cap, while expanding yield capabilities through Convex Finance integration.

8M ago

Protocol reaches $20M TVL following 70% growth, becoming the leading HyperEVM trading venue with highest pool fees and volumes.

Aegis YUSD integration launches with competitive yield farming rates: 12.6% APY for PT-sYUSD and 84.4 YT for YT-sYUSD.

Platform reaches $18.6M volume and $10.4M TVL in first 10 days, with LP fees hitting 7.59%

Seed round valued at $50M, with current YT offering 197% ROI at maturity compared to competitor's 185%.

HyperEVM pools activate gauge mechanism, creating additional revenue streams for token stakers

New yield farming opportunity launches with 37% APY through Principal Tokens, featuring BOLD token integration.

First 72-hour metrics show $8.2M trading volume and 771% TVL growth to $6.1M on HyperliquidX EVM with 5.15% LP fees.

Platform launches on HyperEVM network, expanding cross-chain presence.

asdCRV pool migration implemented with new Curve SNG architecture, new pool maturity set for January 2026.

New USDC pool launches with $2M liquidity from StreamDefi partnership, offering highest fixed rates in ecosystem.

Lux Framework deploys AI agent ecosystem with individual token minting; weekly 4,500 SPEC reward pool implemented.

First Tri-Alpha reward distribution complete with top 10% of contributors paid; top 3 users generated 200+ trading signals.

9M ago

New airdrop eligibility announced for GyroStable BOLD pool depositors, expanding ecosystem integration across multiple DeFi protocols.

Real-time voting incentives monitoring system deployed via Telegram for token voters.

Full suite of DeFi tools launches on Avalanche network, including Fixed Rates, Yield Leverage, and trading Pools.

Security audit payment dispute emerges as Immunefi covers competition rewards after project refuses to honor approved terms, indicating potential governance concerns.

New Tri-Alpha Rewards program launches July 7th with 4,500 SPEC weekly rewards for stakers participating in voting and signal provision.

New K3 Capital vault integration enables yield generation for sBOLD tokens via Liquity Protocol stability pools.

New reward tracking system launched across six major DeFi platforms, incorporating multiple asset types including Stability Pool deposits, various LP positions, and token holdings.

slvlUSD maintains 9.13% Q2 yield with $35M USDC borrowed; $6.49M annualized fees from lending activities.

New sBOLD and ysyBOLD assets launch with 10% fixed rate yield opportunities via Principal Tokens.

Security-related dispute emerges with ImmuneFi platform.

Expanding to BNB Chain with full feature suite including fixed rates and permissionless pools.

Principal Token pools show insufficient depth for large trades, raising concerns about promoted yield strategies.

Weekly liquid locker distributions reach $105K across six assets, with sdCRV leading at $86K.

New sGHO pool launches with $700k liquidity, offering 29% baseline rate plus incentives for liquidity providers.

Launches on Avalanche blockchain, introducing fixed rates, yield products and permissionless pool creation.

10M ago

New sBOLD pool launching in partnership with Liquity Protocol and k3 capital.

Binance Wallet integration live, enhancing accessibility and utility.

New sdSPECTRA staking derivative launches, offering boosted rewards while preserving voting rights

New inwstETHs pool offers YT holders 120x leveraged exposure across 8 reward streams

New governance proposal (SGP 9) opens for voting on transferring BNB Chain contract ownership to DAO control.

Highest fixed EUR rate product now available on platform

sBOLD token launches as second Liquity V2 stability pool wrapper, offering yield opportunities and airdrop eligibility.

Two new yield farming options launch: Gami Capital's lvlUSD vault offering 17.67% APR with multi-strategy approach, and Morpho Labs lending at 4.97% APY with 40x XP multiplier.

Weekly Liquid Lockers distributes $121K across six tokens including sdCRV ($98K) and sdPENDLE ($13K), while maintaining voting rights.

Agent security infrastructure launches with sandbox testing, Lux framework permissions, and Syntax transaction transparency.

Morpho Labs USDC Vault integrates PT-USDO, enabling USDC borrowing through Based Morpho platform.

inwstETH yield token enables rapid access to multiple point systems for potential airdrop opportunities.

Fixed rate markets approaching expiration while USDO remains 1% depegged, threatening current 20% APY yields.

New yield token platform enables access to 7+ point systems through single-stake mechanism.

New reward distribution of $120K available for Liquid Lockers, including 92K sdSPECTRA and 177K sdCRV tokens.

11M ago

Governance system goes live enabling SPEC staking and community voting on market moves every 8 hours.

inwstETHs introduces one-click automated looping functionality via loopfix integration.