Sperax(SPA) New Listing on Kucoin

KuCoin is extremely proud to announce yet another great project coming to our trading platform. Sperax (SPA) will be available on KuCoin. Supported trading pairs are SPA/USDT and SPA/ETH.

Please take note of the following schedule:

• Deposits Effective Immediately (Supported Network: ERC20)
• Trading: 13:00 on April 19, 2022 (UTC)
• Withdrawal: 13:00 on April 20, 2022 (UTC)

Tags: Stablecoin, DeFi

Project Summary

SperaxUSD (USDs) is the first auto-yield bearing stablecoin deployed on Arbitrum. Its distinctive feature - Auto-Yield allows retail users to just hold USDs and earn up-to 12% APY. Unlike its competitors, USDs’s yield is 100% organic and sustainable as we are reinvesting the collateral deposited in the USDs protocol into yield aggregators to generate yield. USDs use the yield generated to buy back USDs from the open market and then distribute this USDs back to the USDs holders. Sperax’s core research team is the ex-Terra team behind the design of UST and Anchor.

Official Website: https://sperax.io/