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🎉 xSPA token is live on @arbitrum !

🚀 it drives emissions back to the ecosystem
🔥 it increases SPA burn
✅ it increases USDs adoption

Currently, $SPA is emitted as bribes on the SPA Gauge and as rewards on Demeter. Liquid SPA emissions that haven't been staked create selling pressure.

Starting now, the SPA bribes on the Gauge will be distributed in the form of xSPA!

$xSPA offers three key benefits:
1️⃣ xSPA drives SPA emissions back to the ecosystem 🚀
Users can stake xSPA in the veSPA contract with a lockup period of 180 days or more to increase their staked SPA balance and staking rewards.

2️⃣ xSPA increases SPA burn🔥

- 1 xSPA redeemed within a maximum of 180 days  gives 1 SPA

- 1 xSPA redeemed within a minimum of 15 days gives 0.5 SPA, with the remaining 0.5 SPA being burned

-1 xSPA redeemed in between 15 and 180 days gives less than 1 SPA but more than 0.5 SPA proportionally, with the remainder being burned

3️⃣ xSPA increases USDs adoption creating a looping effect✅

- Liquid SPA will be scarcer and thus more valuable
- Overall veSPA balance will increase as well as the participation in USDs protocol governance

Cast your vote and claim your $xSPA bribe here: https://t.co/Feeqtc6Kfl

Stake  xSPA for veSPA or redeem it for SPA here: https://t.co/92DWQqMUCS

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The xSPA reward token is now active on @arbitrum and can be claimed at the SPA Gauge by our esteemed Voting SPA stakers, also known as Liquidity Directors. 🚀

Ready for the next move? 
You can either stake xSPA for veSPA or redeem it for SPA.

▶️Curious about the process?  
Watch this informative video! 📽️
#Sperax #DeFi