Spectra
Yield
Spectra is a decentralized, permissionless protocol for interest rate derivatives on EVM, enabling yield tokenization and fixed-rate yield trading. Its flagship app allows users to create markets, swap yield derivatives, and provide liquidity while maintaining decentralization through DAO governance.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Spectra?
Ready to earn 15% yield or more with Exponential ?
Information
Exploit/Hacks
One
Info
- Website
- Token: SPECTRA
- Tags: Yield
Key Metrics
- TVL: $267.3M (Rank #60)
- TVL Ranking by Yield: #4
- Blockchain: Ethereum, Base, Sonic, Arbitrum, Optimism
- Chain TVL
- Ethereum: $183.66M
- Base: $74.12M
- Sonic: $7.54M
- Arbitrum: $1.91M
- Optimism: $34.58K
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by several experienced auditors; code4rena and Pashov
- Public team promotes accountability
- One mitigated protocol hack since launch
Protocol Maturity
- Latest protocol version launched in 2024; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
- Top 5% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
Protocol Design
- This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Spectra
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