Updated: www.spartanprotocol.org webpage — check it out
Short and sweet update after a few heavy weeks of reading.
For those after some indepth reading now is a great time to head over to the updated SpartanProtocol.org webpage below to learn more about the implementation of SpartanProtocolV2 that is incoming.
Community contributors have been putting in the time to update and refine the main webpage for Spartan Protocol. Feedback, suggestions and contributions are welcome, reach out in the telegram channels if you want to help out.
Some new & old community members have put their hands up recently to help get…
Including Weekly Dev: 24/05/21–30/05/21
I think it's pretty safe to say that May was a rollercoaster month for Spartan Protocol, its Shield Wall, the BSC ecosystem and the wider crypto community in general.
Let's take a moment to take stock, before looking forward to June.
By now you will likely be aware that 2 May 2021 saw an exploit of Spartan Protocol’s smart contracts, resulting in more than USD $40M of $SPARTA, $BNB and other assets being drained from several V1 Liquidity Pools (based on token prices at the time of exploit).
With the SPARTAv2 (Token) now deployed to mainnet; a contributor took the time to discuss some of the intricacies and opportunities involved with the new ‘feeBurn’ in the transfer function.
The feeBurn has been in action since the first SPARTAv2 token transfer. It starts at 0% and grows/shrinks with the token’s total supply. The feeBurn is set to be 1% *if* the token’s total supply is at the max (300M) however the max supply is programmatically impossible to reach. Read more about this new deflationary aspect below:
In just over a week of SPARTAv2 (token) upgrade DApp going live, we…
As most of us are now aware; Spartan Protocol deployed a new v2 SPARTA token on BSC mainnet following the drain on the v1 pools. Whilst the exploit in the v1 pools was not related to this base contract; the event raised the opportunity to:
Spartan Protocol’s initial fair distribution involved bringing along BNB and selected…
GitBook Refresh | Upgrade/Claim $SPARTA v2| Testnet DAppV2
The development community over the last week have been working hard to improve and deploy version 2 of the SPARTA token. SPARTAv2 (token) has been tested and deployed onto the mainnet, please read the below medium article for more details on how to:
Spartan Protocol GitBook
Some new & old community members have put their hands up…
Spartan Protocol’s contributors have been working hard behind the scenes since the Pools exploit to develop, improve and deploy the V2 SPARTA token.
Testing has now been completed successfully, and without further ado, here it is. Please read this article carefully, and note the below points:
You will notice this week’s Dev update bundles in a 2 week period due to the attacks that happened just before last week’s update. This week has been about figuring out what happened in detail and refining a path forward.
Please take the time to read the Medium articles below to make sure you are up to speed with what happened during the exploit and the path forward.
The past week has seen Spartan Protocol get a fair amount of air time, driving a lot of people to join our social media channels to see what is happening and how…
In keeping with the Spartan theme; we may be bloodied but we are not beaten and are very far from out of this fight.
The Spartan Community has shown steadfastness in supporting each other over the past few days, clearly showing the desire to bring a community-driven DeFi Synthetic Asset and Lending Protocol to the already vibrant Binance Smart Chain ecosystem.
As proud members of the Shield Wall, you’ll understand that there were no free lunches in Spartan Protocol, no airdrops, and no handouts. All Holders either Burned for SPARTA during the initial Token Generation Event or acquired on-market.
Today, Spartan Protocol was subject to an exploit targeting the liquidity pools. Approximately $40M+ USD was drained in this exploit, based on token prices at the time.
The Spartan Contracts were fully audited by Certik prior to launch, along with the usual ongoing code reviews, so this is an unfortunate reminder that there are no 100% safeguards. More action however will be taking place to ensure greater confidence in the Spartan Protocol ecosystem as we move towards V2.
The attacker used ~$60M BNB to create a large imbalance in the Spartan Pools through extremely large batches of transactions to create…
Incentivized liquidity and synthetic asset generation for Binance Smart Chain.