Sperax USD
Algo-Stables
Sperax is a stablecoin and yield optimizer built on Arbitrum. The USDs stablecoin is fully backed by yield-bearing assets.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Sperax USD?
Information
Exploit/Hacks
One
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: SPA
- Tags: Algo-Stables
Key Metrics
- TVL: $748.9K (Rank #261)
- TVL Ranking by Algo-Stables: #0
- Blockchain: Arbitrum, Ethereum
- Chain TVL
- Arbitrum: $748.92K
- Ethereum: $0
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by at least one experienced auditor; Slowmist audited in 2021
- Public team promotes accountability
- One unmitigated protocol hack since launch
Protocol Maturity
- Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Bottom 80% by total value locked increases risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Low voting power concentration reduces risk
Protocol Design
- No death spiral concerns
- This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Sperax USD