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.
β Spartan Liquidity Pools - The beating heart of the Spartan Protocol is its incentivised liquidity pools, driving on-market capital formation. The liquidity pools are facilitated by an automatic-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.
π€ Spartan Synthetic Assets - Spartan Protocol allows the generation of synthetic assets, using price anchors offered by its own liquidity pools, without requiring the user to manage a collateralised debt position. Liquidity-sensitive fees and dynamic synth supply caps ensure positions taken up will scale with the depth of available liquidity, preventing deleveraging spirals common to other DeFi systems.
π° Spartan Lending - Lending is possible using a system of fees and collateralised debt. Liquidations of unhealthy positions can be done instantly via liquidity pools, ensuring the system is always safe.
π¨βπ©βπ§βπ¦ By the community and 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. Part of the team is Doxxed