AMA Satoshi Club x Sperax April 27th

We are pleased to announce our next AMA on April 27th, 2022 at 05:00 PM UTC Time: Satoshi Club x Sperax

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sperax Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sperax Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Sperax

For more details:
Sperax Website – sperax.io
Sperax Telegram – @SperaxUSD
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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⬇️⬇️⬇️ Leave your comments bellow ⬇️⬇️⬇️

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Md Iram
Guest
Md Iram

What’s the use of xp points that we are mining in the app and when mining will end .

Telegram Username
@mdi1k
Achubasil
Guest
Achubasil

The first Auto yield stablecoin. Pays sustainable interest regardless of bear or bull markets. Can you please explain to us this new concept of Auto yield and how will sustainability be maintained in bearish markets?
Secondly i read that USDs will be operated fully on chain and governance by DAOs for transparency and auditability. Please tell us how users can join governance in your DAOs?

Telegram Username
@achubasil
Essence
Guest
Essence

Hi Sperax – your slogan says ” connecting you with modern money”, and goes on to say that it is dedicated to benefitting all financial lives with Blockchain technology. Now my question based on the above is, could you please adumbrate/elaborate more on how Sperax connects us with modern money on the one hand ? And how it is dedicated to benefitting all financial lives with Blockchain technology on the other hand?

Telegram Username
@Billz120
Essence
Guest
Essence

On your USDs whitepaper, it caught my attention to note that Sperax Protocol will offer a Dual Token system with a stablecoin (USDs), as well as a governance/value accrual Token (SPA). With regards to SPA, could you elaborate on its value accrual aspect? How does it accrue it’s value? Could you please share with us the use case of (USDs) & (SPA) Tokens within the Sperax Protocol ecosystem? Going further, I read that while the USDs will be explicitly collateralized by a pool of existing stablecoin (and other crytop assets), and implicitly by the protocol which utilizes SPA to stabilize… Read more »

Telegram Username
@Billz120
Essence
Guest
Essence

Hello Sperax Team, while in the course of my research about Sperax protocol ecosystem, I read there are other Crytop assets that may be earned also outside your Tokens (USDs) & (SPA), could you please explain to us how we earn those other Crytop assets ? what are those other Crytop assets? I learnt there is a sharing ratio which the protocol uses in paying the adjustable interest rate to existing USDs holders and to be funded by external Defi Sources and partial SPA inflation. At what ratio will this interests rate be paid? Please tell us. And lastly, please… Read more »

Telegram Username
@Billz120
Nansel
Guest
Nansel

USDs is a hybrid stablecoin which generates auto-yield natively. Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. could you please explain the reason you choose Arbitrum over solana? What are the advantages the Arbitrum offers sperax over it compitators? I discovered that Arbitrum went offline for roughly 10 hours on Jan. 9, according to an administrator in the project’s Discord. Would you like to share some information about the glitch and how it affected Sparex? what are your plans in case of future repitition of the incident?

Telegram Username
@Neilselin
Nansel
Guest
Nansel

I Learnt that, To further influence money supply dynamics, the protocol is paying an adjustable yield rate to USDs holders. The yield rate is a function of the aggregate collateral ratio, the collateral composition and profit sharing between USDs holders and SPA stakers. Could you provide more information on the money supply dynamics and the other features that will be incorporated? In a simpler language can you elaborate on the yield rate ?

Telegram Username
@Neilselin
Daryna Max
Guest
Daryna Max

In your ecosystem, there is a protocol called the veSPA PROTOCOL. I gathered that the veSPA is the protocol that makes SPA a productive asset, & the veSPA will truly decentralise the Sperax model, generate a steady source of passive income and directly link the growth of Sperax stablecoin ecosystem to the value of SPA. I’m so much Curious to know, what could be the major use cases and functions of the veSPA in your Ecosystem? How is this veSPA acquired? And If a user happens to be a holder of the veSPA, what benefits could that user get for… Read more »

Telegram Username
@Daryna90
Daryna Max
Guest
Daryna Max

Due to technical constraints on Arbitrum, users normally have to wait for about 7-8 days for withdraws from Arbitrum..& the SperaxUSD is said to be the first protocol to feature a direct to Arbitrum withdraws and deposits. My question is this: How about the issue of bridging assets across the chain? Does this mean that SpiraxUSD don’t have to bother about bridging assets across chains? And In this case, if users are able to use SperaxUSD, How long would it take for withdrawals compared to Arbitrum? Could you share some important updates and developments users of your Platform should expect… Read more »

Telegram Username
@Daryna90
Daryna Max
Guest
Daryna Max

As a follower of your platform. It is known that The SperaxUSD protocol futures an elegant two token system, which are:
(1) Yield bearing stablecoin: $USDs – pegged to $1 and (2) Governance and economic buffer token: $SPA. My Question is this. Can you explain the significance of your dual token Functionality and Utilities? What important roles does $SPA plays in keeping $USDs pegged to $1 and the SepraxUSD open? How do you ensure that the protocol will adjust how much collateral is needed vs $SPA to ensure $USDs is stable and generates high auto-yield for holders?

Telegram Username
@Daryna90
Grace
Guest
Grace

I noted that you would like to introduce a DAO governance mechanism for users to participate and vote on major decisions including but not limited to collateral type, swap fee parameters, and withdrawal lock-up period. Can you brief us on how your DAO governance mechanism will operate? How can users participate in governance in your DAOs? Do they have to stake to be able to participate? How will governance rights be distributed? For a proposal to be implemented, it has to pass through three stages, initiating stage, voting stage and counting stage. Can you elaborate more on each of the… Read more »

Telegram Username
@GracieEne
Grace
Guest
Grace

I came across one of the key innovations introduced by USDs which is a dynamic reliance on crypto collaterals and algorithms to provide stability, capital efficiency and scalability. This design is said to allow Sperex rely on crypto collateral at genesis, and then to shift towards an algorithmic-based stability mechanism once the mechanism has proven its efficacy and there is high demand for USDs. How does crypto collaterals and algorithm work? How does crypto collaterals and algorithms bring about stability, capital efficiency and scalability in Sperex? Why did you decide to use crypto collaterals first before switching to algorithm? I… Read more »

Telegram Username
@GracieEne
Mattin
Guest
Mattin

Recently, you listed $SPA on a major exchange Kucoin and I’ve been monitoring your project too and noticed you’ve also conducted AMA on that same platform with the CEO of Kucoin. That made me want to ask if there is any collaboration between you and the Kucoin exchange? It’s really amazing and I would like to know how you’ve benefitted from this amazing investment with these projects in terms of marketing and all. Should we expect more partnership like this in the future too for your project?

Telegram Username
@MAttin_Bhr
Madin tosh
Guest
Madin tosh

if the veSPA provides an lp boost have you guys considered the possible impact in terms of TVL? The people boosting will have higher apy but it may potentially disincentivize those unwilling to lock SPA from participating in the pool as overall rewards for everyone else will be lower.

Do veSPA holders get additional APR similar to how veCRV holders get ‘boosts’ up to 2.5x on curve?

Telegram Username
@MAdin_tosh
Josh GK
Guest
Josh GK

When will $SPA integrate with other chains besides Arbitrum? Like BSC, Polygon. Any plans for that? For me, Gas Fee in Arbitrum is quit expensive. So I’m not familiar with ‘ve’ model. Can someone clarify how the boosted rewards would work? IE how much veSPA would I need to my staking rewards?

Telegram Username
@J0shTripleG
TommYC2
Guest
TommYC2

Is there a relationship between USD sperax guarantee ratio and SPA market liquidity? Does passive income decrease if there is no liquidity? What do you think will affect the SPA/USDs of potential regulation of US crypto and US-pegged coins? And will US regulations affect usage worldwide or outside the US?

Telegram Username
@TommY_C2
Matt
Guest
Matt

The white paper proposes a hybrid Sperax staple coin (crypto-collateralized & algorithmic) because “legal tender-guaranteed staple coins like USDT are centralized and go against the core ideology of DeFi” and are therefore not optimal. However, the Sperax staple coin can also be collateralized with USDT and USDC, so that in the end the risk nature is the same as USDT and USDC. What does the team think about this?

Telegram Username
@MattZss9
Fortune
Guest
Fortune

In your USD ecosystem growth, I found out that sperax must rapidly expand $USD circulating supply to ensure that future users will have adequate liquidity for arbitrage and general use. How will sperax expand $USD supply to ensure that future users have adequate liquidity for arbitrage? sperax must first prioritize the infrastructure of $USDs in the Arbitrum ecosystem. did sperax choose Abitrum, because of its layer 2 roll up technology that offers high speed? Since Arbitrum is a layer 2 solution project design to enhance Ethereum, what advantage Does this offer Sperax?in the Future will Arbitrum be considered amongst other… Read more »

Telegram Username
@Gaddijoe
Fortune
Guest
Fortune

Concerning your stakers reward breakdown.i read that the three kinds of reward stakers will receive are distributed with the same weekly distribution mechanism.please can you explain how this weekly distribution mechanism will work?And the rewards are generated by different sources.kindly tell us the different sources where the rewards will be generated from ?

Telegram Username
@Gaddijoe
Moses Alexander
Guest
Moses Alexander

From the Sperax USD documentation,i read that One of the key innovations introduced by USDs is a dynamic reliance on crypto collaterals and algorithms to provide stability, capital efficiency and scalability. Can you please elaborate more on these key features/innovations which the Sparex USDs has introduced and how will they work? What are all the benefits of these innovations introduced by the Sparex USDs to users of the platform?

Telegram Username
@Modrumz120
Moses Alexander
Guest
Moses Alexander

I interestingly read from your documentation that the USDs protocol guarantees that USDs can be minted or redeemed for $1 at all times. I’m very curious to know, with the high volatile crypto market,how would you be able to maintain the value of the USDs token at a constant $1 value rating when collateral is nit available? What are other challenges which the USDs will face as it tries to mentain the YSDs token at the $1 rating and how have you planned to tackle them? Thanks.

Telegram Username
@Modrumz120
Trebienz
Guest
Trebienz

One of main product from Sperax project is stablecoin USDs and also it’s possible to generate passive income for holder, actually this is the first time ever i hear stablecoin can do something like this. Can you please explain the detail of mechanism work how USDs can get the passive income and what should user do to get the passive income? And also beside the passive income, what makes USDs different than other similar stablecoin like USDT, USDC or maybe BUSD?

Telegram Username
@TreBienz
Trebienz
Guest
Trebienz

One of main product from Sperax project is stablecoin USDs and also it’s possible to generate passive income for holder, actually this is the first time ever i hear stablecoin can do something like this. Can you please explain the detail of mechanism work how USDs can get the passive income and what should user do to get the passive income? And also beside the passive income, are there any other benefit from USDs than other competitor which have stablecoin like USDT from tron, BUSD from binance or maybe USDC?

Telegram Username
@TreBienz
Epsilonz
Guest
Epsilonz

Usually stable coin have much weakness like Requires Third Party, requires trust from an entity, External Audits Needed to ensure assets are accounted for and less Return on Investment. Traders and investors typically desire higher returns and may resort to other means for financial gains. So how USDs and Sperax project handle this problem? Can you give us solution?

Telegram Username
@Brigandin88
GoC
Guest
GoC

Hello, Sperax team.
Not so long ago, you announced a partnership with a cool Transak project. As I understand it, this step will help more people around the world with fewer problems to buy directly $SPA or USDs. This is very good, but bringing money into crypto is not such a big problem as converting it into fiat money. Please tell me, will it be possible to make reverse transfers within the framework of this partnership, or should we wait for the next stage of technical solutions?

Telegram Username
@ghostofcharmeleon
GoC
Guest
GoC

Hello, Sperax team. While studying your project, I found myself thinking that it was difficult for me to understand all the terminology and mechanics of algorithmic stablecoins. In addition, I have already seen a couple of projects that developed algorithmic stables, but for some reason automatic rebalancing did not keep the price at the required level. Please tell us in simple words what makes it possible to achieve stability in your protocol? What was the maximum drawdown in USDs that you had? After all, even for such giants as Waves, we saw not so long ago a drawdown on the… Read more »

Telegram Username
@ghostofcharmeleon
Bilal
Guest
Bilal

Are you planning to make outo yield on global exchanges as a SPA?

Telegram Username
bilalnokta
Bilal
Guest
Bilal

Are you planning for USDs or for SPA PLAY & EARN GAMES DEVELOPMENT on metaverse for future!

Telegram Username
bilalnokta
Bilal
Guest
Bilal

Exciting for the coming years Are there any new integrations or projects within the SPA VE USDs eco system?

Telegram Username
bilalnokta
Abdulmajid
Guest
Abdulmajid

Looking at Sperax infrastructure, I must say that it’s really a Fantastic Masterpiece you’ve been able to develope. & Looking at your Platform’s by Design, I noticed that you built out your own front ends on top of defi protocols so that users can interact with defi directly through your site “app.sperax.io”, which allows users to access the Magnificent Auto yield Farming Features. But however, on this site, I noticed that there was two unfamiliar features which are (1) Unique Wallets (Ethereum + Arbitrum) (2) Unique Wallets (Arbitrum). These two features was tagged coming soon, well can you please state… Read more »

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Many people Loves STAKING & will always be interested in the Staking where investors get passive income from, in this case, I will really like to know about What the Staking Pool pairs at $SPA On kucoin? What makes your Staking ecosystem more attractive to investors & connoisseurs of the Staking ecosystem like us in Sperax? In addition, I will like to know if token holders have the right to participate in the governance of your project? What kind of decisions can they vote on about the project? Knowing that your governance module will be live within this quarter, and… Read more »

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Knowing that your 3rd Presale Round starts on the 2nd of May, 6pm UTC / 8pm CET / 2pm ET, I would like you to provide clear details with regards on the importance and benefits of being a partaker in this round, tell us about the core Incentives set In place for Early holders of your Tokens? What could be the advantage of getting your tokens in these Early Stage? Is there going to be a maximum or minimum amount of your token a single Individual can Purchase in your pre sale? It would be great if you can add… Read more »

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Wrong site

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Llegué a mi conocimiento de que KYC era necesario para aquellas personas que pudieron asegurar un lugar en la lista blanca, y es bastante obvio que algunas personas aún deben llevar a cabo estos procedimientos requeridos. ¿Puede pasar la información necesaria sobre cómo realizar el proceso de KYC? ¿Por qué es tan importante para los usuarios KYC? ¿Puede explicar el significado? Además, ¿hay una cantidad máxima o mínima de su token que un solo individuo puede comprar en su preventa? Sería genial si pudiera agregar los beneficios de obtener estos tokens en su etapa inicial. ——– It came to my… Read more »

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Wrong site

Telegram Username
@thisistoyin
De luka
Guest
De luka

For users who already have SPA on Houbi but want to use Arbitruim to stake, would it be possible? How can we Do that? If we decide to bridge Spa, do we have to first send to our private Eth Address? Ho about if we decide to sell? Do we also need to withdraw to Arbitrum and then buy back? I would like you to explain these process, what possible ways can we follow to do that?. Can you talk about the Yield Farm in your system? I notice that you have Auto Staking services please explain these services. How… Read more »

Telegram Username
@deluka44
De luka
Guest
De luka

I will like to know more about your Staking services, what is the Structure? most Especially the Cooldown type in staking? I noticed you both have the both the Auto cooldown and The Manual cooldown type, I somehow understand the Auto-cooldown Services but it’s the Manual Cooldown services I don’t understand, does it means that If I select “stay staked in Residual Value”, does that mean veSPA balance won’t decay? In addition I hard that this cooldown services Also Expires, so How long does this cool-down Services last for? And can it be re-initiated?.

Telegram Username
@deluka44
De luka
Guest
De luka

Can you briefly explain more on the “Stay staked at residual value” (or manual cooldown) future In Sperax Staking Services? Let’s say I decide to get my Assets out after Staking, how long would it take for my assets to be released to me? It was also said that After the lock expires, our assets stay locked and continue to bring rewards to us, please explain, how does this Future Actually works? How long does it takes for our Locked assets to be Expired? What type of reward do we get? And how long would we continue to be get… Read more »

Telegram Username
@deluka44
Rozie
Guest
Rozie

I understand that Sperax is dedicated to benefiting all financial lives with blockchain technology. Who can use Sperax, is Sperax open to Holders with little capital? What are the striking features that makes Sperax unique and Special? For investors who do not care about long term term investments, What are the Motivations and advantages to attract investors to Hold Sperax token for a longterm ? What are your achievements so far and What are your future plans in 2022 and beyond?

Telegram Username
@Rozielyna
Rozie
Guest
Rozie

So SPA holders can stake SPA tokens on either Arbitrum or Ethereum and receive veSPA tokens which are non transferable. Can you please highlight more on the staking protocol on Arbitrum and Ethereum? What is the Difference between staking on Arbitrum and Ethereum? What is the Minimum and Maximum time and amount holders can stake on? You mentioned that voting power will depend on users VeSPA balance, what is the Minimum veSPA balance that allows for Voting? How can a holder increase their veSPA balance? What are the Rewards / incentives for staying $SPA token?

Telegram Username
@Rozielyna
Rozie
Guest
Rozie

I noticed that the SperaxUSD protocol has two token system which are the Yield bearing stablecoin: $USDs and Governance and economic buffer token: $SPA. What is the relationship between $USDs and $SPA? One of the features of the $USDs is the Price stability Mechanism, Can you tell us about the Stability Mechanism of $USDs token and how it works? What are the features, Utilities and use cases of the the $SPA token in Sperax ecosystem? What are the advantages for Holders of $USDs and $SPA Token?

Telegram Username
@Rozielyna
Mudara
Guest
Mudara

Allocations and utilities of your platform token $SPA, are clear to me. However, I saw you have other two forms of $SPA, $wSPA and $veSPA. Please explain about the utilities of these two tokens. Although I read that $veSPA balance will decrease overtime, I could not understand how does it happen. Moreover, how these tokens are interconnnected? Can we purchase $SPA, $wSPA or $veSPA as we wish or is it a must to buy your main token, $SPA first?

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

According to your March Newsletter, you have announced a 11% APY on $USDs. Please elaborate more on this valuable opportunity. What are the requirements to enjoy this privilege? Instead of getting $SPA and minting $USDs, is there any method to purchase $USDs directly? How do you maintain a high APY as 11%? What are the income sources of Sperax?

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

It caught my attention that you offer an amazing feature called “auto-yield”. According to your description, users holding $USDs in their wallets automatically earn organic yield. My question is, how does this process differ from staking? What are the advantages of auto-yield? To enjoy this feature, is there a minimum amount of $SPA/$USDs tokens to hold? Please let me know more information about your “organic yield” too.

Telegram Username
@MudaraSilva
Danylko UA
Guest
Danylko UA

Hello Sperax Team! I understand that USDs is the first protocol to launch liquidity mining incentives on Uniswap V3. Instead of exposing users to impermanent loss and APY fluctuations, the platform came up with an incentive model which rewards users in SPA at a fixed APR schedule. Lovely, I must say. Can you detail us on how this incentive model works in protecting users from impermanent loss as well as APY fluctuations? Will the APR earned by users be denominated in SPA? Will the APR value be solely dependent on the initial value of a user’s deposit or are there… Read more »

Telegram Username
@Danylko_UA
Danylko UA
Guest
Danylko UA

Hello Sperax Team I understand that veSPA is SPA locked with the “vote escrow” mechanism (ve-) and on staking SPA, the staker receives non-tranferrable tokens, veSPA. First off; Give a basic and elaborate description of the “vote escrow” mechanism. How does this mechanism work? What is the minimum and maximum lockup up period for which stakers could lock up their tokens? What factors will affect the veSPA balance? Does a longer lockup period imply a higher veSPA balance for the same value of token staked? You mentioned that veSPA value will decay linearly with time; please what does this decay… Read more »

Telegram Username
@Danylko_UA
Miriam Michael
Guest
Miriam Michael

According to your roadmap for 2022, Sperax’s first major aim was to expand the token ecosystem by introducing the $veSPA staking protocol, modeled on Curve Finance’s veCRV. So can you tell us more of the staking protocols of $veSPA and why you choose to model or connect it with veCRV of Curve Finance?What is the % APY users will receive when they stake $veSPA?What are the other features of $veSPA or will it just be use for staking only?Will it be possible for users stake to $veSPA and earn $SPA in return?Please explain Thanks

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

One of the key innovations of the Sperax protocol is the possibility to determine the fraction of the money supply that is algorithmically determined versus the fraction that is collateralized.So can you briefly explain to us what you mean by “the fraction the money supply is algorithmically determined versus the fraction that is collateralized” concerning the innovation you have set up Sperax?And what are the algorithmic components you intend to rely on when the market is favorable and also the cryptocurrences you also plan to rely on when the market is unfavourable?Now that the crypto market is fluctuating,how are you… Read more »

Telegram Username
@Cheriemike
Danylko UA
Guest
Danylko UA

Hello Sperax team!

I understand that it is possible for users to extend the lockup period of their staked tokens. I am eager to know how this extension works. Under what conditions will stakers be able to extend their lockup periods? By how long (days, months or years) can stakers extend their lockup period? Are there any fees charged for extending lockup period? Since it is possible to extend the Lockup period, is it by any chance possible for stakers to reduce their lock up period? If yes, under what conditions can this happen?

Telegram Username
@Danylko_UA
Blessing
Guest
Blessing

Looking at the distribution of staking rewards, it was stated that; Staking reward distribution happens on a weekly basis. New weeks start on Thursdays at 00:00:00 UTC and rewards are distributed at the end of each week. You also mentioned that ‘Stake-Reward-Claim-Repeat’ is a four-step cycle. Can you kindly breakdown the “Stake-Reward-Claim-Repeat cycle and how it works? How will users claim their staking rewards? What does the “Repeat” term mean? How will weekly staking rewards be calculated?

Telegram Username
@Blessingchum
Moon Star
Guest
Moon Star

SPA holders can stake SPA tokens on Arbitrum or Ethereum and receive non-transferable and SPA tokens. The veSPA balance is proportional to the lock time, meaning the longer the user is locked out, they will receive proportionally more veSPA tokens. Currently the longest staking period is 4 years. Is it possible to withdraw the staked amount from the stake before the end of the time we set for the stake, by paying some penalty? Also, can you explain, is there a minimum and maximum amount for staking?

Telegram Username
@follow_upgs
Blessing
Guest
Blessing

I saw that If a user has SPA on Ethereum Mainnet, there is need to bridge to Arbitrum to use SPA on the Sperax DApp. What more details do we have to know about the bridge’s functionality? Since the Arbitrum bridge is currently accepting wSPA, must users wrap their SPA in order to bridge it or can the unwrapped SPA be used? In wrapping the SPA token for wSPA, will the value of the wrapped tokens change or will it be same as the initial value of the unwrapped token? What fees are charged in using the bridge?

Telegram Username
@Blessingchum

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