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Dual token system: USDs and SPA
Sperax offers a dual token system with stablecoin USDs and its governance token SPA.
SPA
USDs
The native currency for the Sperax network and the keystone for a new, inclusive, and borderless digital economy.
Deployed via a trust minimized, highly-scalable stablecoin protocol that operates fully on-chain.
USDs is a hybrid of crypto-collateralized and algorithmic stablecoins. It is highly scalable, trustless, and will be completely decentralized after its launch.
    SPA will be central to the stability mechanism of USDs, which is fully on-chain.
    USDs will further invest its collateral in other audited decentralised projects to generate yields and will pass on a significant portion of that yields to its holders and SPA holders.
USDs will be launched on Ethereum and we eventually build a system of interoperability to facilitate USDs on other major blockchains.
Last modified 6mo ago
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