Sperax

Sperax is a decentralized finance project focused on creating a stable, scalable, and user-friendly financial ecosystem. Its core product is USDs, a hybrid stablecoin that is partially collateralized by other crypto assets and partially stabilized algorithmically, designed to automatically generate yield for its holders. Founded by a team of academics and developers from Silicon Valley, Sperax aims to bridge the gap between traditional finance and DeFi by offering decentralized financial services that are accessible to a global audience. The ecosystem is governed by the SPA token, which allows holders to participate in the protocol's decision-making process.