Sperax (SPA) is an altcoin that has been gaining popularity recently, experiencing a nearly 200% increase in value in just two days. This surge has been driven by the announcement of a yield optimizer, a product that will allow users to invest their stablecoins and earn a yield. The yield optimizer will automatically allocate funds across various strategies to maximize gains and reduce risks.
The project, which has its headquarters in New York, launched in 2020 with plans to build a full-stake ecosystem, with the Sperax USD (USDs) stablecoin at its core. The yield is generated from collateral deployed on other DeFi protocols, primarily Curve Finance. With its user-friendly interface and potential for increased adoption, Sperax’s total value locked (TVL) could rise significantly.
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