SPA is the governance and value accrual token of the Sperax ecosystem. SPA holders can stake SPA tokens to receive veSPA. veSPA holders are decision makers of the protocol. They will earn staking rewards and manage the protocol revenue via voting power in Sperax governance. Off-chain governance is live and community (veSPA holders) can control parameters of USDs protocol, yield strategies, eligible collateral, new product features, etc. On-chain governance will be launched soon making veSPA holders true owners of the Sperax ecosystem.