USDs:. - gasless auto-yield with ~11% APY just for holding in a wallet.
08 Aug 2023, 09:32
USDs:
- gasless auto-yield with ~11% APY just for holding in a wallet
- when being paired with other tokens on Demeter - drive SPA rewards on top of standard farms rewards (currently Uni V3 and Camelot, more to join)
SPA:
- In addition to governing the protocol, $SPA captures the value of the protocol!
1) 50% of all yield generated by the collateral is used to buy back $SPA and distributed to stakers
2) 100% of protocol fees from minting and redeeming are used to buy back $SPA and distribute to stakers
3) Staking incentives
4) SPA Burn 2.0 is in force: 25% of the yield component is burnt, so if the yield is 100 USDs, the protocol buys SPA with 50 USDs and burns SPA worth 25 USDs.