New York, United States
SperaxDAO, renowned for its slogan "Sperax is a Silicon Valley based blockchain platform building modern money with blockchain technology," stands out as a pioneering entity in the blockchain realm since its founding in 2020. This United States-headquartered startup has innovatively leveraged blockchain to build Sperax USD, leading as the foremost stablecoin and yield automating protocol on Arbitrum.
The introduction of USDs in December 2021 marked a significant milestone. It is a fully collateralized stablecoin that provides seamless, organic yield generation for holders. By channeling collateral into delta-neutral DeFi strategies, the protocol ensures users benefit from compounding interest without any additional action required. The governance is driven by the SPA token, which allows stakeholders to partake in revenue sharing.
In November 2022, the launch of the Demeter protocol expanded Sperax's ecosystem, empowering users to deploy farms without technical barriers. Despite its promising trajectory, SperaxDAO has not received new funding since its Pre Seed Round on 08 November 2019, backed by Outlier Ventures.
