Sperax: Demeter Genesis Launch

Genesis liquidity mining for a new protocol from Sperax on Arbitrum.

There is no exact start time for this event, only that it is on Nov. 14.

DETAILS

• Demeter protocol is a tool for DAOs to launch and manage their liquidity on Uniswap v3 pools
• In anticipation of Demeter’s launch, Sperax is launching a genesis 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)
• 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
• Available partner farms will include;
  • GMX – stake GMX/USDs -> earn GMX, SPA
  • PlutusDAO – stake PLS/USDs -> earn PLS, SPA
  • Saddle Finance – stake SDL/USDs -> earn SDL, SPA
  • Layer2DAO – stake L2DAO/USDs -> earn L2DAO, SPA
  • Vela – stake VELA/USDs -> earn VELA, SPA
• More partner farms may be opened during the genesis period as other DAOs’ submit proposals for SPA emissions on their pool