Spartan Protocol V2 Protocol Update

The Spartan Protocol is an automated market-making (AMM) protocol providing incentivized liquidity and synthetic assets on the Binance Smart Chain (BSC).

Introduction

After my last article about the Spartan Protocol that can be found HERE, the Spartan Protocol development has not been idle. The Spartan Protocol is a community-driven project that implements a simple yet efficient decentralized autonomous organization (DAO). The developers are a significant part of the community members that help #buidl the project.

The first thing that can be noticed straight away when visiting the Spartan Protocol site is the new landing page. It freshens up the UI utilizing community member artwork. The DAO has also updated the information on the various parts of the protocol. They did an excellent job because the text is easy to understand and explains how to use the product.

Liquidity Provision

The new “LP positions” page lets you look at your LP tokens’ state and value, showing the initial value, current value, and additions or bonds. This addition makes it easy to track your investment. The user-friendly AI allows users to reallocate their funds seamlessly.

Liquidity providers are granted incentives and transaction fees from the protocol. The APY (annual percentage yield) is now shown next to each respective asset pool. The APY is calculated on the historical data of the pool; the shown APY can change! At the moment of writing, all pools will give an APY of at least 124% up to 293%

There currently are 15 tokens pools, supported tokens being:

$BNB

$USDT

$BTCB

$BUSD

$RAVEN

$ETH

$BIFI

$DOT

$BURGER

$ADA

$PROM

$CREAM

$GIV

$LINK

$XRP

To join these pools, you will have to pair the token with the native $SPARTA token to create an LP token and start earning the fees and incentives.

Source : bsc.news

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