SpartanProtocolV2 — An Update

Summary

There has been a significant amount going on behind Spartan Protocol’s pearly gates! The contributors are constantly working, debating and discussing different implementations to ensure the best design is chosen to house the second major phase of Spartan Protocol’s smart-contract-journey.

Synths Contract

SPARTA holders will be able to mint a synthetic version of the curated BEP20 pooled assets. Why mint a synthetic asset when you could just simply swap SPARTA for the underlying base asset? Fair question! At first glance, the synths themselves will have very little apparent utility for a raw ‘holder’ of the synth asset.

Compound Contract

The details are still being worked out here, but essentially the user will be able to insert their Synths into this contract and have a ‘leveraged’ or ‘compounded’ version pop out the other side with more CDP-risk than they had before, OR they can do the opposite and reduce their risk with reduced leverage.

Loan Contract

This clever little idea has come to fruition on the back of a large number of community members asking (more like ‘demanding from some!) for a way to stake SPARTA-only. As most know by now; all SpartanPools involve two assets; one is always SPARTA and the other is always a different BEP20 asset. Currently for users to stake only SPARTA, the method would be to create a SPARTA:SPARTA pool and put SPARTA on both sides.

  • the SpartanLending ‘Float’, and:
  • the ‘Demand’ for borrowing

Community Contribution

Spartan Protocol is at its core a community-driven and led project. In this vein, the more contributors the better. There is a great opportunity for community members to contribute by making LP reward analysis tools, etc.

GitHub Bounties

Telegram Bounties

Engage with the community and contributors

Where to find out about all the latest updates or suggest improvements — get involved.

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SpartanProtocol

SpartanProtocol

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Incentivized liquidity and synthetic asset generation for Binance Smart Chain. https://SpartanProtocol.org