Spectrum Protocol Announcement
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The first yield optimizer on Terra Ecosystem.

Web: https://spec.finance
Announcement: https://t.me/spectrum_protocol_annoucement
General Chats: https://t.me/spec_finance
Price Chats: https://t.me/specpricechat
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Weekly updates
- End-to-end testing for Columbus-5, Mirror and Terraswap are done, continue testing for Anchor and Pylon
- Developing auto-stake <> auto-compound deposited reallocation
- Developing deposit/withdraw using only UST or LP
- Working on UI for new features
- Working on Fixed-term $SPEC Staking (2nd Roadmap)

We will have AMA with @HalbornSecurity today (17:00 UTC). Please join us at https://twitter.com/i/spaces/1lPKqXMvzPwxb
Weekly updates
- Finalizing audit report, no major vulnerabilities, hardened per Halborn's recommendations
- Migrated contracts to Bombay-11 and continue end-to-end testing for Columbus-5
- Onboard designer for new design upgrade
- Auto-stake <> auto-compound reallocation and deposit/withdraw using only UST or LP are on testing
- Fixed-term $SPEC staking contract is on testing and UI is under development
We are thrilled to announce that the audit is completed. No critical and high issues, no threat leading to loss of funds. You can read audit report here https://github.com/HalbornSecurity/PublicReports/blob/master/CosmWasm%20Smart%20Contract%20Audits/Spectrum_Protocol_CosmWasm_Smart_Contract_Security_Audit_Halborn_Report_v1_1.pdf

Thank you @HalbornSecurity for raising the bar in smart contract security and bringing best practices from other chains, the recommendations we received can be applied to all other protocols including Spectrum Protocol. With this hardening, Spectrum Protocol is even more secure.

Finally, we would like to thank Terraform Capital for funding the audit. Terraform Capital did not only help funding but also provide recommendations, VCs and Partners matching, and much more. It is highly recommended for any DeFi team to develop on Terra.
We are 666 blocks away from the Columbus-5 upgrade at block 4,724,000 (in approx. 1 hr). Please stay tuned.
Spectrum Protocol upgrade to Columbus-5 is about to initiate. The web app is now temporarily under maintenance mode. We will keep you informed on the progress.
Spectrum Protocol Web App is up, you can now access and interact with the Spectrum, Mirror, and Anchor Farms. Pylon Protocol has not migrated to Columbus-5 yet, once it is migrated and we have verified that the integration with Spectrum Protocol is working correctly, we will enable MINE-UST pool.
Pylon farm enabled. Spectrum Protocol is now fully live on Columbus-5.

Auto-Compound and Auto-Stake your Mirror, Anchor, and Pylon farm rewards and earn $SPEC at https://terra.spec.finance
Weekly updates
- Audit completed
- Columbus-5 upgraded successfully
- Working on wireframe and visual for new design upgrade
- Working on UI for fixed-term $SPEC staking
- Upcoming features
- Reallocation auto stake <> auto compound
- Move auto-staked gov tokens to Govs under user’s wallet
- Deposit using LP or UST only
- Show daily rate
- Faster load time on web app
New features released on Spectrum Protocol
- Strategy Reallocation (auto stake <> auto compound without deposit fee)
- Deposit with only UST or LP
- Deposit with mixed strategy (choose ratio between auto stake and auto compound)
- Withdraw LP
- Display daily rate
- Faster load time

Auto-Compound and Auto-Stake your Mirror, Anchor, and Pylon farm rewards and earn $SPEC at https://terra.spec.finance
The Terraworld Vault is ready to be integrated with Spectrum Protocol! Stake your $SPEC and Vote at
https://terra.spec.finance/gov/poll/12
Weekly updates
- Terra World vault poll
- Continue working on Nexus vault
- Working on Valkyrie and TerraFloki vaults
- Working on LP to UST withdrawal
- Working on new web app design
- Continue testing fixed-term $SPEC staking on testnet
Fixed-term $SPEC staking, a new feature on the 2nd roadmap, is ready to be released on Spectrum Protocol! Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/13
The Valkyrie $VKR-UST Vault is ready to be integrated with Spectrum Protocol! Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/14
The Nexus $Psi-UST Vault is ready to be integrated with Spectrum Protocol! Stake your $SPEC and Vote at
https://terra.spec.finance/gov/poll/15
Weekly Updates
- 30-day fixed term $SPEC staking poll (end in 1 day)
- $TWD-UST vault poll (end in 8 hours)
- $VKR-UST vault poll (end in 4 days)
- $Psi-UST vault poll (end in 6 days)
- Continue working on TerraFloki vault
- Testing LP withdrawal as UST
- Start working on borrow farm
Terraworld Vault now live on Spectrum Protocol! Auto-compound or auto-stake your $TWD LPs and earn $SPEC rewards at https://terra.spec.finance
Fixed-term $SPEC staking is released on Spectrum Protocol! For $SPEC hodlers, you can now stake your $SPEC on 30-day locked pool to earn even more. And as requested, withdraw LP as UST is now also available.

More detail on Fixed-term staking https://docs.spec.finance/protocol/governance-staking-pools
Valkyrie Vault now live on Spectrum Protocol! Auto-compound or auto-stake your $VKR LPs and earn $SPEC rewards at https://terra.spec.finance
Nexus Vault now live on Spectrum Protocol! Auto-compound your $Psi LPs and earn $SPEC rewards at https://terra.spec.finance