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| Spectrum Protocol 
| #SPEC
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| SPEC Price: | $0.00569 | | Volume: | — | | All Time High: | $7.96 | | Market Cap: | — |
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| Circulating Supply: | 2,508,035 |
| Exchanges: | —
| | Total Supply: | 40,000,000 |
| Markets: | —
| | Max Supply: | — |
| Pairs: | 2
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The last known price of #SPEC is $0.00569 USD.
 Please note that the price of #SPEC was last updated over 730 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #SPEC statistics should be considered as 'last known value'.
The lowest SPEC price for this period was $0, the highest was $0.00569, and the exact last price of SPEC was $0.00568963.
The all-time high SPEC coin price was $7.96.
Use our custom price calculator to see the hypothetical price of SPEC with market cap of BTC or other crypto coins. |
The code for Spectrum Protocol crypto currency is #SPEC.
Spectrum Protocol is 1.8 years old. |
The current market capitalization for Spectrum Protocol is not available at this time.
Spectrum Protocol is ranking downwards to #6451 out of all coins, by market cap (and other factors). |
| There is an unknown volume of trading today on #SPEC. |
The circulating supply of SPEC is 2,508,035 coins, which is 6% of the total coin supply.
Note the limited supply of Spectrum Protocol coins which adds to rarity of this cryptocurrency and increases perceived market value. |
SPEC has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on probably at least one crypto exchanges but we don't have this data.
View #SPEC trading pairs and crypto exchanges that currently support #SPEC purchase. |
Spectrum Protocol on Aptos
Spectrum Protocol is expanding to Aptos, a scalable layer-1 blockchain based on Move programming language. At launch, Spectrum Protocol offers 4 auto-compound vaults on Pancake Swap. More vaults will also be added soon.Spectrum Protocol Auto-Compound Vaults on Aptos lzUSDC-lzUSDT LP: for you to earn high yield in stablecoin with LayerZero tokens. ceUSDC-ceUSDT: LP for you to earn high yield in stablecoin with Celer Network tokens. whUSDC-whBUSD LP: for you to earn high yield in stablecoin with Wormhole tokens. Cake-APT LP: for you to collect Cake and APT tokens. APT, the native token of Aptos, can be traded and transferred from many exchanges. Other tokens can also be bridged from various blockchains via Pancake Bridge, Aptos Bridge (lzToken), cBridge (ceToken), or Portal Bridge (whToken). Spectrum Protocol supports all leading wallets on Aptos including Petra, Pontem, Martian, Rise, and Fewcha.Supported Wallets on Spectrum Protocol The auto-compound vault on Aptos has the same fee structure as in Terra 2.0, no deposit fee and 5% performance fee. APY shown in the web app already includes fees. The revenue from Aptos will also flow back to SPEC stakers once the token and governance staking are relaunched. This is the first step of Spectrum’s expansion to multi-chain yield optimization. Please stay tuned and follow us on Twitter to get latest updates or explore Spectrum Protocol on Aptos at aptos.spec.finance and on Terra... 
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Spectrum Protocol on Terra 2.0
In this DeFi winter, it might be better to keep your assets in the yield optimizer and keep accumulating tokens before the market is getting better again. Spectrum Protocol can help you to achieve this by automatically compounding the reward for you to get higher yield. In Terra 2.0, Spectrum Protocol is launched with 5 auto-compound vaults. ASTRO-USDC LP: for you to collect ASTRO. Astroport shows us high potential in leading Terra ecosystem with Astrowars. The bear market could be a good time for collecting ASTRO. USDC-USDT: LP for you to earn high yield in stablecoin. USDC-LUNA LP: for you to collect LUNA and earn high yield during this bear market. LunaX-LUNA LP: for you to collect LUNA and avoid impermanent loss. VKR-USDC LP: for you to collect VKR. Valkyrie is the first launchpad on Terra 2.0. With this relaunch, we also removed deposit fee and reduced performance fee to 5% to maximize your earnings. APY shown in the web app already includes fees. With all 5 vaults, you will be able to earn compound interest without hassle. As the Terra 2.0 is growing, we will keep adding more vaults and strategies for people with different objectives. SPEC Token SPEC token is not yet launched. People who are eligible for SPEC can check the SPEC amount in Airdrop page, but it is not yet claimable. We need some time for the revenue engine to spin up and set a strong foundation for SPEC price. Next step? During this bear market, we will ...
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Statement from Spectrum Protocol
Dear Spectrum Community: In only 1.5 months, Spectrum will reach its first anniversary. We are a very first protocol in Terra and we never think it will collapse this fast. We joined Terra because we love the culture here. Most protocols drive changes through governance rather than a single person. Tokenomics improvement on Spectrum was also proposed by the community not the dev. Most protocols open source their codes for transparency including us. We got auditing not only from auditors, but also devs around the world. We can say that Terra is a very good prototype for a decentralized ecosystem. Competition in Terra was quite fun. Many protocols in Terra come with fresh ideas that you cannot find in other chains. Some apps connect DeFi to the real world usage and create value. Spectrum itself doesn’t only compound but also tried to offer different strategies like auto-stake, auto-vote (withdrawn), Pylon liquid vault, single asset vaults on top of our unique tokenomics and intuitive user interface. At peak, Spectrum once achieved $240M TVL and SPEC market cap reached $45M. One thing that we feel really sorry is that we do not yet have a chance to launch these products:Leveraged farms for Alpha Homora V2 and Borrowed farms, a high yield delta neutral strategy build on top of leveraged farms. Auditing is about to complete and planned to launch in this month.xAstro staking and spAstro, this should be highest yield for xAstro s...
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Lock your ASTRO with Spectrum and earn higher yield in UST!
Astroport will soon launch vxASTRO and LP boost, LP providers who lock ASTRO will get maximum boost up to 2.5x. When Astroport launches a new LP boost, Spectrum will then open the ASTRO Lock Vault. The ASTRO in this vault will be locked forever and you will get spASTRO (staked perpetual ASTRO) as a receipt token, this token will be liquid and tradable so you can exit your position whenever you want. This might sound similar to other platforms, but here are the differences.Staked Perpetual ASTRO (spASTRO) Value Chain — Spectrum already has a lot of TVL on Astroport pools. ASTRO lock can earn 85%-130% APR on Day One.. — Unlike other protocols, where they need time to ramp up TVL on each pool in order to get boosted. Spectrum already has a lot of TVL from many pools on Astroport. Ramping up ASTRO locking is much easier. In case you wonder, how much is it for the APR? Based on the current TVL of Spectrum, on the first day of LP boost, Spectrum can provide an extra 45% APR to ASTRO locked stakers right away. With LP boost rewards and together with Astroport gov income (vxASTRO rewards), the total APR will be 85%. We also have a dynamic boost rewards distribution (explained below). In case the boost still has not reached 2.5x yet, the rate will climb up to 90% extra APR. Total APR from boost plus Astroport gov income will be 130% APR! While other platforms have not yet launched. Spectrum’s TVL still keeps increa...
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Borrowed Farm updated — high yield, low price risk on Spectrum Protocol
Borrowed Farm updated — high yield, low price risk on Spectrum ProtocolWhat is Borrowed Farm?Overview of borrowed farm Borrowed farm was introduced by Spectrum Protocol in the 2nd roadmap. Basically, user provides only UST and borrows another token to farm (e.g. SPEC token). With this strategy, user will have a very low price exposure to SPEC token. While price risk is very low, normally governance token LPs provide very high yield (like 1xx%). Effectively, borrowed farm could produce a very high yield with a very low price risk for users.Introducing Leveraged x Borrowed x Compounded VaultComparison between normal LP vault and Borrowed vault What will also come together with borrowed feature in the 2nd roadmap is leverage feature. Stable assets could allow higher leverage, For example, SPEC token could have max leverage around 2x, with current APR for SPEC-UST LP at 78%, the leveraged-borrowed-auto-compounded vault could boost APY to 293%!Automatic Position Adjustment (APA)Automatic Position Adjustment feature One pain point for borrowing is, we need to keep monitoring our position to maintain loan-to-value ratio (LTV), and we also need to monitor borrowing rate. If the token has a very high utilization rate, borrowing rate could be skyrocket and it could eat all the yield. Spectrum vault will provide automatic position adjustment. It will borrow more if token price drops to earn more yield. It will reduce positio...
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How Spectrum provides best rate deposit to Liquid Pylon Vault
One feature that come together with Liquid Pylon Vault is that we also provide best rate deposit to the vault using only UST.When deposit, app shows how much to swap at Terraswap and how much to deposit via Pylon Gateway Most of the time, we can get bPsiDP-24m from Terraswap at a discount rate, however, if we swap too many tokens in one transaction, the price of bPsiDP-24m might go above $1. To ensure that you will always get the best rate for their deposit, we need best rate deposit mechanism for this vault. Solution overview is simple:We will find maximum UST amount (Optimal amount) to swap at Terraswap to get bPsiDP-24m with the rate less than $1 first.Then the remaining amount will deposit directly via Pylon gateway, which rate is fixed at $1.Calculate swap and direct deposit amounts to ensure best rate deposit (Illustration) Here are the implementation details (Warning: math ahead!): In Terraswap, we cannot swap directly from UST to bPsiDP-24m. We need to swap in 2 steps:From UST to PsiThen Psi to bPsiDP-24m — For Psi-UST pool: finding UST for a Psi amount. — Terraswap swap rate is using this formula From (1), this is the formula for swapping UST to Psi From (2), we can shuffle variable to find UST amount From (3), we can simplify to — For bPsiDP-Psi pool: finding bPsiDP for a Psi amount. — This step is easy, from (1), we can get to this formula And from (5), we can simplify to &m...
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Liquid Pylon Vault — when lossless investment meets auto-compound
Liquid Pylon Vault — when lossless investment meets auto-compound Pylon is protocol providing lossless investment and early investor benefits in exchange of locking your investment for a period of time. In addition to fixed period lockup, Pylon just launched a new type of pool called Liquid Pylon pool, where your investment will be tokenized so that you can exit your investment early.Introducing Liquid Pylon Vault — the first single staking product from Spectrum Users can deposit $bDP tokens to Spectrum, and every hour Spectrum will collect rewards to buy more $bDP tokens for compounding. Other than maximizing your earning, this will also have following benefits:Since Spectrum keeps buying $bDP tokens from the pool, this will make $bDP token price come closer to principal ($1). Providing the opportunity for investors to exit more easily with lower premium.As there is less friction to investment, or there is even the chance for arbitragers to deposit to Pylon and exit via Terraswap. This will make Liquid Pylon pools more attractive and result in more investment to the pool and eventually more funding to the protocol. — Liquid Pylon Vault for Nexus Protocol. — The first Liquid Pylon Vault on Spectrum Protocol will be for Nexus Protocol. Users can deposit $bPsiDP-24m tokens obtained from Pylon Gateway or UST directly into the vault (Spectrum will automatically convert UST to $bPsiDP-24m tokens for you)...
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Spectrum Protocol’s Tokenomics Improvement
With current de-facto standard to buyback protocol tokens, in ideal scenario, this model provides benefit to stakers in two ways:Price should be continuously increasing from buyback.Stakers get more tokens and returns. This means when the price goes up, staking token will earn more than just holding token. This is supposed to be a very good model for stakers.Stakers earn more profit from both increasing price and amount — Then, what is the problem with buyback?. — Since we do not burn, supply does not decrease and equilibrium price cannot go up from buyback.If the equilibrium price cannot go up, but buyback money keep going into LP pool, then who sell first get realized return.When the price goes down, buyback model will even creates sell spiral, since stakers will only have more cheaper tokens. Sell might be better option to realize profit or remediate loss. — But why sell spiral not happen in some other protocols?. — Inflation is the main trigger for Spectrum. While other protocols reward around 25–40% of token supply for LP providers. Spectrum rewards 75%! More supply will only drive the price down despite Spectrum has a strong Gov income compared to other protocols.SPEC Token DistributionThe ProposalSPEC stakers will receive realized return (UST) rather than more SPEC from buyback.Setup Burn Vault for buy back and burn. — Realized return as UST. — The mechanism is simple, ra...
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Spectrum Protocol — The 2nd Roadmap
Spectrum Protocol — The 2nd Roadmap Thank you for the community to be a part of our first 50-day launch and overwhelmed support to a growing protocol’s TVL. It has been an amazing journey!Source: https://defillama.com/protocol/spectrum-protocol We have delivered all planned features during last two months and the audit is about to be completed. With only yield optimizer vaults for upcoming 70+ projects to be farmed on Terra, Spectrum Protocol already has a lot of works in the pipeline. However, while Terra is the blue ocean, we must build our foundation to be ready for the red ocean. We can see the building blocks which will both empower users and strengthen our platform. Here are new products that we are going to build:Single Asset FarmingBorrowed FarmingShort FarmingFixed-term SPEC StakingSingle Asset Farming If you think asset price will go up, putting asset to LP farm might not be the best idea. First, you need a half of your budget in UST in order to farm (for most LP pools). Second, LP farming involves impermanent loss. However, holding asset in the wallet also produces no reward, and you lose an opportunity cost to earn other income. Single Asset Farming let you deposit tokens, similar to putting your money into the bank, you will earn an interest (plus SPEC reward). For governance token, you will also earn governance income on top of the reward and interest.Borrowed Farming For Mirror Protocol users, you...
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We ️️❤️ MIR! New auto-vote feature let you earn more!
NOTE: This feature has been withdrawn. See https://forum.mirror.finance/t/proposal-discussion-block-voting-from-external-contracts/1713/13. First, we need to understand how Mirror Protocol V2 fee is distributed. Mirror Gov distributes half of all income to voters. However, here is the trick, only 13.39% of MIR stakers on average voted after V2 launch. Effectively, earnings for voters are 83.01% and total APR for MIR stakers who vote every poll will be 94.125%! Here is our strategy, Spectrum Protocol will automatically vote “Abstain” at near poll end, withdraw reward, and auto-stake. Huge earn within a brief period. In case you would like to vote “YES” or “NO” on a Mirror poll, please unstake MIR from your vault, and vote at Mirror Gov. But for now, it’s time to vote “YES” for this feature on Spectrum Protocol at https://terra.spec.finance/gov/poll/4. Stake your SPEC at Spectrum Gov and vote now! NOTE: You can check contract changes at https://github.com/spectrumprotocol/contracts/pull/4
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