Sperax is the first auto-yield stablecoin with estimated 11% APY1
USDs is fully collateralized stablecoin providing transparency and stability
Streetbeat allows users to invest in stocks and crypto from its platform, providing access to unique data, proprietary auto-trading strategies and fractional ownership
Investment platform Streetbeat has partnered with Sperax, a market tested and 100% collateralized DeFi product that provides a 11% yield, paid weekly. Sperax’s novel auto-yield USDs stablecoin allows investors on the Streetbeat platform to benefit from passive income without technical or financial expertise.
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Unlike many stablecoins that suffer from being algorithmic based or whose collatoralization is off chain and opaque, Sperax’s USDs is US-dollar pegged, operated fully on-chain, and is a fully crypto-collateralized stablecoin designed to overcome market conditions with continuous yields.
Damián Scavo, CEO at Streetbeat commented: “The Streetbeat platform is designed to outperform the market through its usage of unique proprietary auto-trading strategies. Since launching Streetbeat earlier this year, we’ve been able to protect our clients from the worst of a market downturn since 1937; while the S&P500 has lost over 14% just in the last six weeks, our investors have largely broken even. After a deep due diligence, we are happy to include Sperax in our offering. We were impressed by the backing Sperax has from prominent investors and its vibrant community, its use of open-source technology and on-chain visibility. The Sperax stablecoin, increases the diversity of financial and digital assets available, making the Streetbeat platform even more attractive to investors.”
Alec Shaw, Growth at Sperax commented: “We’re delighted to partner with Streetbeat, opening up investment in our Sperax USDs auto yield stablecoin to a mainstream audience thanks to the tens of thousands of investors that have signed up on the Streetbeat platform. Streetbeat’s approach to bringing diversified investment strategies and auto trading for everything from stocks to crypto is the perfect home for Sperax USDs – the first auto yield Stablecoin.”
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Key advantages of Sperax USDs include:
100% Collateralized: In light of algorithmic vulnerabilities, Sperax USD has become 100% collateralized at this time. The protocol currently holds USDC and USDT at a 100% collateralization ratio
Continuous yield: USDs offer yields even in bear markets. Unlike other coins which rely on leverage, USDs is based on DeFi aggregators, other protocols and reinvestment
Compatibility: Sperax USDs is compatible with multiple blockchains to mitigate smart contact risk and can be further utilized in other DeFi protocols
To invest in Sperax USDs investors must download the Streetbeat app which also offers up to $10,000.00 in welcome and deposit bonus for new customers. Streetbeat closed a $10 Million dollars in funding, and had over 35,000 investors sign up during its one month beta launch
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