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About Spartan Protocol
What Is Spartan Protocol (SPARTA)?
Spartan Protocol is a Decentralised Finance (Defi) project built on top of Binance Smart Chain (BSC). With a focus on incentivised liquidity pools and SyntheticYield Assets, Spartan Protocol allows users to earn revenue by providing liquidity to pools and creating derivative tokens through Synthetic Assets.
Notable similar projects are Uniswap on the Ethereum (ETH) network & and ThorChain. Bringing these features to the BSC network allows users to take advantage of BSC's low gas fees and fast settlements.
Who Are the Founders of Spartan Protocol?
Spartan Protocol was founded by the communities of former Binance Chain projects with a strong vision of decentralisation. At its inception, all SPARTA tokens were acquired by a Proof-of-Burn process of selected BEP20 tokens, thus there isn't any founder/team tokens or treasury. With the use of DAO governance, every token holder has a voice with Spartan Protocol built & run by the community, for the community.
What Makes Spartan Protocol Unique?
At its core, Spartan Protocol provides incentivized liquidity pools that are facilitated by an automated market maker (AMM) algorithm that has liquidity-sensitive fees. The AMM algorithm provides transparency while reducing slippage and latency caused by human intervention/manipulation. With liquidity-sensitive fees, it is ensured that the system will be able to detect correct token purchasing at all times thus resulting in scalable and risk-tolerant growth. Coupled with various other features like Synths, the use cases for the underlying pools increase thus resulting in higher revenue generation with higher APYs.
Synthetic assets are a fairly unique part of Spartan Protocol, through the generation of synthetic assets, users can create derivative tokens that allow users to go long or short on various markets without having the need to own the particular asset. Synthetic assets are generated through the use of price anchors offered by the liquidity pools on Spartan Protocol and collateralized by liquidity pool shares. The liquidity pool shares are on-market, value-stabilized and can be instantly liquidated. Liquidity-sensitive fees ensure that positions taken up will scale with the depth of the available liquidity, preventing the deleveraging spirals that are common in many similar systems.
The Spartan DAO is a mechanism that is used to govern the entire ecosystem and distribute protocol incentives.
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