About Spectrum Finance Airdrop
Spectrum Finance Airdrop is a non-custodial decentralized exchange that allows a quick, effortless, and secure transfer of liquidity inside and between the Ergo and Cardano networks. The eUTXO model gives the unique possibility to have shared liquidity among different networks. Spectrum Finance will eventually feature a full AMM, Order Book and more.
Spectrum Finance will be airdropping free SPX tokens to early testnet participants. Download the Cardano wallet and complete testnet tasks to be eligible to receive free SPX tokens. Spectrum Finance is an open-source DeFi product which take a part in both Ergo and Cardano platforms and as a consequence exists for purposes of both communities.
| Basic | Details |
|---|---|
| Token Name | Spectrum Finance |
| Platform | Own chain |
| Total Supply | 999,999,999 SPF |
| Airdrop End | 2022-12-22 |
| KYC | KYC Is Not requirement |
| Whitepaper | Click Here To View |
| Max. Participants | Unlimited |
| Collect Airdrop | Click Here To Collect Free Airdrop |
How To Join Spectrum Finance
- Visit the Spectrum Finance testnet page.
- Connect your Cardano wallet.
- Change the network to testnet.
- Click on “Get testnet tokens” and get Cardano testnet token and Spectrum Finance testnet tokens.
- Now make swaps on the platform.
- Also provide liquidity to the platform.
- Early users who’ve done testnet actions will get free SPX tokens.
- For more information regarding the airdrop, see this tweet.
Spectrum Finance
This is an open source cross-chain decentralized exchange (DEX). The main feature of Spectrum Finance is that we build it on top of the multi-chain network called Spectrum Network.
Spectrum Network
This is designed in such a way as to allow the exchange/swap of native assets (e.g. ADA → ETH, BNB → ERG) without wrapping.
Cross-chain
The main feature of Spectrum Finance is that we build it on top of the multi-chain network called Spectrum Network.
Spectrum Network
Spectrum Network is designed in such a way as to allow the exchange/swap of native assets (e.g. ADA → ETH, BNB → ERG) without wrapping.
Make more transactions, pay lower fees
They optimize Spectrum Finance to increase transactions speed and make them cheaper.
Open source
Spectrum Finance is open source DEX. Study best practices and collaborate.
Earn your own way
Trade, provide and mine liquidity or launch your own off-chain bots.
Get involved in DeFi easily
They are building user-friendly interface to start your DeFi experience smoothly.
Protocol
In traditional, centralized finance, the act of exchange is facilitated by a trusted third-party, such as a market maker, bookie, or other intermediary. This was accomplished using order-books, where buy and sell orders were matched. These paper order-books eventually turned into centralized exchanges (CEXes), like those used in stock markets.
The act of exchange without trusted parties is one of the most basic features necessary for decentralized finance (DeFi) on top of blockchains. Instead of trusted intermediaries, a decentralized exchange (DEX) works using trusted smart contracts.
Automated market maker (AMM)
AMM DEX uses an automated market maker mechanism to provide instant feedback on rates and slippage. AMM DEX suits best for pairs with low liquidity.
Each AMM liquidity pool is a trading venue for a pair of assets. In order to facilitate trades a liquidity pool accepts deposits of underlying assets proportional to their price rates. Whenever deposit happens a proportional amount of unique tokens known as liquidity tokens is minted. Minted liquidity tokens are distributed among liquidity providers proportional to their deposits. Liquidity providers can later exchange their liquidity tokens share for a proportional amount of underlying reserves.
Analytics
Spectrum Finance has a growing number of analytics available to show the user how productive a pool is. This will be added to frequently going forward, the purpose of this article is to explain the current analytics available.
TVL
TVL stands for Total Value Locked. This is an addition of all the funds locked in either the complete DEX, which can be seen up the top left of the homepage, or also in each pool. A higher TVL value is always going to be better. It will mean swaps have less chance of failing due to slippage tolerance as there is much more liquidity in the pool, meaning less volatility.
Volume 24H
Volume is a cumulative $value for all trades completed on the DEX over the span of 24 hours. It is shown as both the overall DEX volume, but you can also check specifically for each pool.
Fee Tier
This is the fee charged by each pool to make a transaction. It is set when the pool is created, these fee profits are paid in the asset received in the output of the transaction. These fees are what contribute to the liquidity pool to ensure liquidity providers are rewarded.
APR
This is a dynamic % value that will let someone calculate their liquidity pool gains. This will change according to volume of swaps in the pool. See below example.
