Spartan Protocol

A protocol for incentivised
liquidity & synthetic assets

Spartan Protocol provides community-governed and programmable token emissions functions to incentivize the formation of deep liquidity pools. This strong base of liquidity will be utilized to provide asset swaps, synthetic token generation, lending, derivatives and more. The common base asset SPARTA provides an internal pricing mechanism without reliance on external oracles. Binance Smart Chain was chosen as the protocol's home to allow for near-instant settlement and extremely low gas fees.

SpartanPools

The heart of the Spartan Protocol is its incentivised liquidity pools, driving on-market capital formation. The liquidity pools are facilitated by an automated-market-maker (AMM) algorithm with liquidity-sensitive fees. Liquidity-sensitive fees ensure the system can sense correct token purchasing power at all times, allowing scalable and risk-tolerant growth.

SpartanSynths

The Spartan Protocol allows the generation of synthetic assets, using price anchors offered by its own liquidity pools, collateralised by liquidity pool shares. Liquidity pool shares are on-market, value-stabilised and can be instantly liquidated. Liquidity-sensitive fees ensure positions taken up will scale with the depth of available liquidity, preventing deleveraging spirals common to other systems.

SpartanLending

Synthetic token minters are short the value of the token, and long the value of their collateral. By winding up their position, they can achieve leverage. The opposite is also true for those wishing to leverage long a token. Lending is possible using a system of fees and collateralised debt. Liquidations of unhealthy positions are done instantly via liquidity pools, ensuring the system is always safe.

Programmable incentives
emitted for participation

Reward Stream

A programmable incentive token with multiple incentive streams

Initial Supply

Max initial supply of 100 million distributed via Proof-of-Burn & Bond+Mint

Incentive Emissions

Daily liquidity incentives beginning at 30% APY reducing over 10 years

Maximum Supply

Fixed maximum total SPARTA token supply of 300 million.

By the community
For the community

The project is galvanized by the communities of former Binance Chain projects. Individual token holders destroy their previous assets to acquire $SPARTA. 30 Binance Chain projects selected to participate.

It begins decentralised from Day 0; there is no official team and no treasury. The protocol is autonomous and does not need ongoing maintenance.

Binance smart chain

A bet on the future value of the Binance DeFi Ecosystem

$SPARTA

The project is a directional bet on Binance Smart Chain. Do not acquire $SPARTA if you do not subscribe to this direction.

PoS blockchain

BSC is an EVM-compatible delegated-PoS blockchain, with fast (3-sec) blocktimes and sufficient decentralisation.

BEP20 & ERC-20

The BEP2 token community is second only to the ERC-20 community, and all can be linked to Binance Smart Chain.

Be aware

This project may fail, despite best attempts.
Know the risk.