Spectrum Protocol Announcement
845 subscribers
76 photos
1 file
129 links
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
Download Telegram
Spectrum Protocol tokenomics improvement and new web app released!

$SPEC stakers now earn $UST directly 💸 and token burning from burn vault is starting now 🔥
More details: https://spectrum-protocol.medium.com/spectrum-protocols-tokenomics-improvement-cd35e14f3976

Spectrum Protocol now tracks your LP growth from auto-compounding (only for new deposits) 📈
The poll to open Liquid Pylon Vault for Nexus $Psi will be executed in 24 hours.

While waiting, check out our story about one of the key feature we implemented for this vault, best rate UST deposit.

https://spectrum-protocol.medium.com/486b79293b76
Liquid Pylon Vault for Nexus $Psi is now live on Spectrum Protocol! Auto-compound and auto-stake you bPsiDP-24m tokens and earn $SPEC rewards at https://terra.spec.finance
Let's get ready for Astroport! The poll to integrate ASTRO-UST, LUNA-UST, and bLUNA-LUNA LP vaults is open on Spectrum Protocol. Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/26
Let’s open new mKO, mJNJ, mPYPL, and mSBUX Mirror vaults on Spectrum Protocol. Stake your $SPEC and exercise your right to vote at https://terra.spec.finance/gov/poll/27
The poll to modify parameters following the proposal of Tokenomics Improvement 2 poll #25 is opened

1) Increase community fee by 3%
2) Add 180-day SPEC staking pool
3) Redirect deposit fee to SPEC stakers

Stake your $SPEC and exercise your right to vote at https://terra.spec.finance/gov/poll/28
Weekly Updates
- Smart contracts insurance now available at @insurace_protocol
- Astroport vaults (ASTRO-UST, LUNA-UST, bLUNA-LUNA) poll (end in 1d)
- Mirror mKO, mJNJ, mPYPL, and mSBUX Vaults poll (end in 5d)
- Modify parameters for tokenomics improvement 2 poll (end in 6d)
- Testing UI with minor updates
- Working on 2nd roadmap smart contracts < ⣿⣿⣿⣿⣀ 80%>
- Working on 2nd roadmap UI < ⣿⣿⣀⣀⣀ 40%>
- Working on new LP vaults
- Ongoing partnerships discussion
The poll to integrate Astroport MIR-UST LP vault is open on Spectrum Protocol. Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/29
Astroport ANC-UST LP vault is ready to be integrated with Spectrum Protocol! Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/30
Astroport ASTRO-UST, LUNA-UST, bLUNA-LUNA Vaults are now live on Spectrum Protocol! For the first time ever, auto-compound your $ASTRO, $LUNA, $bLUNA LP and earn $SPEC rewards at https://terra.spec.finance

P.S. You may need to refresh the webpage to see the new vaults :)
All deposited LPs still receive trading fee from Astroport (or Terraswap for other vaults), the APY shown on Spectrum does not include it.

We will add the average trading fee APR for each pair to make it clearer for our users. 🧐
As Mirror, Anchor, Pylon, Nexus, and Orion are moving LP rewards to Astroport. Here is your guideline:
1. Each protocol might stop emitting rewards during these few weeks and start providing reward for the new LP.
2. On Spectrum, we need the vault setup poll to be executed to add vault.
3. If you have existing positions on Spectrum, you can withdraw TOKEN+UST and provide liquidity on Astroport and deposit the new LP to host protocols. (Existing positions on Spectrum still earns $SPEC rewards and trading fee from Terraswap).
4. Once Spectrum poll is executed and the vault is available, you can withdraw LP and deposit LP back to Spectrum to get triple rewards.
Please beware of these fake Spectrum Protocol channel and group:
DO NOT GIVE YOUR SEED, PRIVATE KEY, ADDRESS, OR ANY INFORMATION TO ANYONE IN THE GROUP.

Only official links:
Announcement: https://t.me/spectrum_protocol_annoucement
General Chats:
https://t.me/spec_finance
Price Chats:
https://t.me/specpricechat
Astroport ORION-UST, VKR-UST, APOLLO-UST LP vaults are ready to be integrated with Spectrum Protocol! Stake your $SPEC and Vote at https://terra.spec.finance/gov/poll/31
Spectrum Protocol webapp now shows pool APR from trade fee.

More reading about trade fees over here
https://docs.terraswap.io/docs/introduction/trading_fees/
https://docs.astroport.fi/astroport/tokenomics/astroport-tokenomics/fees