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
- The 2nd roadmap released
- New web app theme
- Continue end-to-end testing for Columbus-5
- Farm contracts audit done, closely working with Halborn for the remaining contracts
- Start working on STT LP vault
- Start working on smart contracts for the 2nd roadmap
Let's open new mHOOD Mirror vault on Spectrum Protocol.
Stake your $SPEC and exercise your right to vote at https://terra.spec.finance/gov/poll/11
Weekly updates
- $SPEC listed on CoinMarketCap
- mHOOD Mirror vault poll (end in 2 days)
- Continue working on STT LP vault
- Continue end-to-end testing for Columbus-5
- Working on single asset staking (2nd roadmap)
- Working on new features (auto-stake <> auto-compound reallocation, direct UST to LP deposit) to be released with Columbus-5
mHOOD Mirror Vault now available on Spectrum Protocol. Making an investment to the commission-free trading app with auto-compound or auto-stake and earn $SPEC rewards at https://terra.spec.finance
Audit report is on the way. While waiting, @HalbornSecurity is hosting us for #AMA. Join us this Friday (17:00 UTC) to ask anything about our audit and roadmap.

Set your remider for https://twitter.com/i/spaces/1lPKqXMvzPwxb?s=20
📢 Official Spectrum Protocol Columbus-5 Migration Details

The launch of Columbus-5 is planned to start at block 4,724,000 of Columbus-4 (Sep 29)

The Columbus-5 migration will take around 2 hours, with the possibility of delays under extenuating circumstances.

Please be aware that Spectrum Protocol WILL NOT be accessible during this time. Attempting to access Spectrum Protocol during the migration can lead to possible loss of funds.

⛔️DO NOT interact with the protocol during this period.

We will be actively communicating the progress in realtime to ensure clarity and visibility about the process. The team will release an announcement when the Columbus-5 and Spectrum migrations are completed and when the user can safely interact with the protocol.

There is NO ACTION NEEDED for the user. If you mint assets on Mirror to farm on Spectrum, please refer to Mirror guide at https://twitter.com/mirror_protocol/status/1438352057660936200

🌕 Columbus-5 is the significant milestone for us and Terra. At $SPEC, we are trilled to be a part of this #TeFi history.
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