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Sparta

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What is Sparta?

Sparta - an application for creating your own bank. You can monetize your ideas and build your online reputation.

Contents:

  1. How does Sparta work?
  2. Platform economics
  3. Additional information

How does Sparta work?

Akropolis gives people tools for safe growth and future. The company created AkropolisOS - an easy and modular structure for creating commercial DAOs, with customizable user incentives and automatic liquidity provision. The first Akropolis product, built on top of AkropolisOS, is Sparta. The whole logic of the pool is based on the automation of market relations between pool participants and borrowers. Both parties are interested in profit.

You enter the pool by making a DAI deposit - and, at the same time, you get a new token (pToken) in return. The price of pToken depends on the total liquidity of the pool and the utilization rate.Sparta

Each new member receives pTokens for their DAI and transfers only between each user and the pool will be available to you next. Even if you don’t do anything, don’t participate in rates on loan offers, you can still receive interest. Do not worry if, after the first deposit, your profit is displayed with a “-” sign. This is due to the difference in pTokens entry and exit prices. Just wait a bit and the options will improve.

Platform economics

ASPT - an ERC20 DAO token that gives you the right to vote for investment decisions and gain access to loans. The ASPT mining process is completely abstracted from the user interface, which means that you do not need to deal with it directly. Connect your wallet to the platform and make a DAI deposit. After that you can start using the project. The company pool does not take commissions at the moment. Connect to your wallet (Bitski, Metamask, Connectwallet, Formatic, Portis, Squarelink) and make a deposit. When you enter the pool, your entry calculates the price of poolToken automatically and you get an equal amount of ASPT. How to get a loan:

Amount When creating a loan application, you need to provide half of the loan amount as collateral. A request with 150% collateral can only be activated by the borrowe.
Information section To create a loan application, go to the pool review page and in the pool information section click the "Get a loan" button. A popup will open. You will need to enter the loan parameters and confirm the creation of the deposit, and then confirm the sending of the transaction.

Rates for requesting a loan allow you to receive part of the interest on the loan, paid by the borrower.

Additional information

The company plans to launch testing in the near future. To do this, it creates the scripts that it described in YML format. As part of this approach, they will manipulate the various parameters that the pool works with and track its behavior. This way, developers will be able to predict how the pool will work under certain circumstances. There is no White paper on the platform. But if you have any questions, then you can ask their companies on social networks:

There you can get acquainted with other updates, promotions and take part in contests.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.