what's Sperax?

Sperax is a blockchain-based DeFi protocol focused on creating scalable financial infrastructure for decentralized economies. It operates primarily on the Arbitrum Layer-2 network, enabling efficient transactions with low fees. The core of Sperax is its ecosystem of products, including a fully collateralized stablecoin called USDs, which is backed by a diversified basket of whitelisted stablecoins and features an innovative auto-yield mechanism that distributes rewards directly to holders without requiring staking or additional actions. The protocol's governance is facilitated through the SPA token, which allows users to participate in decision-making and earn incentives via mechanisms like veSPA locking for enhanced yields and emissions. Sperax also includes tools like Demeter, a liquidity management system, and integrates with DEXs for optimized capital efficiency. This setup aims to provide users with passive income opportunities and robust risk management in DeFi applications.

SperaxOS DeFi platform with new tools nears launch.

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