Spartacus will offer a higher level of capital efficiency, strong community incentives and long-term player rewards, leveraging the design strengths of Curve, Convex and OlympusDAO.
About the Spartacus project
Spartacus — the largest decentralized reserve currency protocol on the Fantom network, based on the SPA token, backed by a basket of assets (Dai tokens, SPA-DAI LP, etc.). Reserve assets provide the intrinsic value of SPA tokens.
SPEX will have some of the most competitive pools on the market, consisting of major tokens such as FTM, DAI and USDC. Funds in these pools will continuously receive a 0.1% transaction fee on all transactions on volatile assets and a 0.01% fee on stable assets, allowing them to be a perpetual value creation mechanism for SPEX and SPA holders.
The purpose of the Spartacus release:
| 1 | It's designed to be a dex for everyone, not just big projects. |
| 2 | It is designed to have the most competitive fees on the market for both LPs and traders. SPEX will become a constant income engine. |
| 3 | Designed as an efficient engine to create sustainable long-term value. |
Since Spartacus DEX is for everyone (not just large projects), there is a fair launch of bootstrap liquidity where 100% of the raised funds will help to launch SPEX-FTM liquidity on the new DEX. The SPEX allocation will be reserved for partner projects on Fantom. The developers are going to extend the core protocols to Fantom, and SPEX will become an open community for all projectsв.
Functions for work on the site
Initially, you will be able to use Dai or Dai-SPA LP tokens. The price of the bond will be set to provide ~10-30% positive ROI for all bond participants. Bonding - the process by which the Spartacus DAO accumulates liquidity and reserve assets, and provides support for the value of the SPA token. This function establishes the intrinsic value of the SPA.
Stakers seek long-term passive returns from rebasing. The relocation fees come from the proceeds from the sale of the bonds. Stakers are rewarded in proportion to their staked amount. The rebase schedule will be configured based on epoch, which means that the rebase will occur periodically.