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Spartan Protocol

Liquidity-sensitive AMM algorithm on BNBChain providing permissionless DeFi services. Community-built & run.
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Finance
Blockchain
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BSC
Currency
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SPARTA
Publisher
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Spartan Protocol Team
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What is Spartan Protocol?
Spartan Protocol is a custom-built AMM, not the usual UniSwap copy-paste clone. Our code has been built by the community from the ground up (not a fork) with inherently unique liquidity pool features such as

The Spartan Protocol is a decentralized liquidity protocol built for asset exchange and synthetic asset generation on Binance Smart Chain (BSC). It uses a liquidity-sensitive automated market maker (AMM) algorithm similar to THORChain's slip-based fees to provide permissionless DeFi services. The protocol incorporates elements from other DeFi projects such as Synthetix, MakerDAO, and Vader/Vether Protocol to offer a complete package of services including an AMM, a mechanism for minting synthetic assets, a lending system, and a governance mechanism. The SPARTA token is used as the collateral asset for lending and borrowing and as the base asset for providing liquidity. SPARTA tokens are issued to liquidity pool share holders based on how much SPARTA is locked, with the supply curve starting at 30% annual emission and reducing to 3% after ten years. The protocol also supports shorting and longing assets using synthetic assets.

Spartan Protocol is a decentralized liquidity protocol built on the Binance Smart Chain that allows for asset exchange and synthetic asset generation. The protocol uses a liquidity-sensitive automated market maker algorithm and incorporates elements from other DeFi projects to offer a complete package of services, including an AMM, a mechanism for minting synthetic assets, a lending system, and a governance mechanism.

At its core, Spartan Protocol is designed to provide users with a decentralized and transparent way to exchange assets and generate synthetic assets. The protocol's automated market maker algorithm ensures that assets can be traded at fair market prices, and its liquidity-sensitive design ensures that assets with higher demand have deeper liquidity pools. This ensures that users can always trade assets at fair prices and with minimal slippage.

One of the key features of Spartan Protocol is its ability to mint synthetic assets. Synthetic assets are digital representations of real-world assets, such as stocks, commodities, and fiat currencies. These assets can be traded on the protocol's AMM just like any other asset, but they are backed by SPARTA tokens, which act as collateral. This allows users to trade synthetic assets without needing to hold the underlying asset, providing greater flexibility and liquidity.

In addition to its AMM and synthetic asset generation capabilities, Spartan Protocol also includes a lending system that allows users to borrow and lend assets using SPARTA as collateral. This allows users to earn interest on their SPARTA holdings or borrow assets to trade on the protocol's AMM.

Spartan Protocol also includes a governance mechanism that allows SPARTA holders to vote on protocol upgrades and changes. This ensures that the protocol remains decentralized and transparent, and that users have a say in the direction of the protocol.

The SPARTA token is used as collateral and for providing liquidity on the protocol. It is also used to vote on governance proposals and earn rewards for providing liquidity. The protocol supports shorting and longing assets using synthetic assets, providing users with even more flexibility in their trading strategies.
Information
Type
Automated Market Maker
Blockchain
BSC
Currency
SPARTA
Platform
Windows, macOS
Publisher
Spartan Protocol Team
Version
V2
FAQ
The Spartan Protocol is a wholesome and complete protocol that allows the safe growth of synthetic assets, lending markets and for all assets to be liquid and productive. A small amount of governance is necessary to manage the upgrading of contracts and the tweaking of some of the protocol’s parameters. The governance process is at-risk as such that there is a direct link between healthy and effective governance and the value of exposed collateral. The Spartan Protocol borrows ideas for UniSwap, THORChain, Synthetix, MakerDAO and Vader/Vether Protocol, but will be launched on Binance Smart Chain as its own separate protocol.
The project is galvanized by communities of former Binance Chain projects. The project begins decentralised from day 0; there is no official team and no treasury.
Yes, the Spartan Protocol is a community driven initiative with a wide and varied source of contributors. It draws inspiration from Thorchain and other projects that elected to go anonymous in line with the world’s most known token, Bitcoin. This is done to protect the project and it’s users to assist in ensuring it can be more decentralised from its outset. The focus should be on the project, its code and the community that drives it, these are transparent and verifiable.
When the protocol is launched, all token holders have the power to vote on changes within the network by partaking in the DAO governance launching soon there-after. Every token holder has a voice. Right now you can contribute by being a part of these community channels and asking good questions. What is said in these channels directly influences what happens leading up to launch as each of you are a part of the decentralised team.
Spartan Protocol starts decentralised from day one. To acquire SPARTA you will need to send your tokens through a smart contract on the Spartan Protocol DApp. The tokens you send through this contract will be ‘burnt’. Your tokens will be sent to a this burn address (0x000000000000000000000000000000000000dEaD) and will no longer be usable by anyone. The smart contract will then send your freshly minted SPARTA of equivalent value to your BSC address once the old tokens have been confirmed burned. There is minimal wait compared to smart contracts on Ethereum, most processes take only 1–5 seconds.
Not necessarily; to obtain SPARTA tokens you will need to have BEP20 tokens from the chosen projects to burn in exchange for SPARTA. There might be some you already own, some you already hold, some you want to sell but can’t get the right price, or some that you decide to acquire deliberately for the purpose of getting Sparta.
By burning your tokens to receive SPARTA, it shows an individual’s commitment to the project, every token has an inherent value associated with it set by the market. This in effect transfers their value over to the SPARTA token. If the Protocol was to hold or dispense the tokens received that value would be diluted.
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