The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Spartan Protocol has fallen by 11.21% in the past 7 days. The price declined by 8.29% in the last 24 hours. In just the past hour, the price grew by 0.24%. The current price is $0.0058 per SPARTA. Spartan Protocol is 100.00% below the all time high of $144,486,847.83.
The current circulating supply is 88,061,227.059 SPARTA.
is a built for and generation for . The protocol wants all assets to be productive and ; therefore, it rewards for the formation of . As per the , the Spartan Protocol aims to allow the safe progress of synthetic assets lending markets. Binance Smart Chain was chosen as the protocol's home to allow near-instant settlement and low gas fees.
Spartan aims to solve the liquidity and synthetic assets problems. Current protocols are susceptible to price manipulation and value extraction from different agents, which penalizes liquidity providers. Also, current synthetic asset protocols use illiquid markets to liquidate collateral. This liquidating of collateral reduces capital efficiency and makes the protocol vulnerable to price reductions. Spartan attempts to solve the problem via AMM protocol, but with the key difference of a single settlement asset and incentives to bootstrap liquidity. Spartan also seeks to solve the liquid creation of synthetic assets using collateralized pool shares instead of illiquid collateral. In addition, the underlying algorithm uses slip-based fees to drive value capture to liquidity providers. The platform links the assets to the pools so positions can be predictably priced and instantly liquidated.
Some of the features of the Spartan Protocol aim to be the following:
Spartan Liquidity Pools: The core component of the Spartan Protocol is the native incentivized liquidity pools, driving on-market capital formation.
Spartan Synthetic Assets: Spartan Protocol allows the generation of synthetic assets, using price anchors offered by native liquidity pools without requiring the user to manage a collateralized debt position.
Spartan Lending: Lending is possible using a system of fees and collateralized debt.
Spartan Protocol (SPARTA) is the native token of the platform. SPARTA is used as the common settlement asset in all pools and aims to provide an internal pricing mechanism without depending on external authorities. SPARTA is initially distributed via a process of , where participants elect to destroy previous native assets in return for a share of SPARTA. In addition, SPARTA is required as the base asset and the collateral asset.
The fixed maximum total supply of Spartan Protocol (SPARTA) tokens is 300 million.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Spartan Protocol is $506.68K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Spartan Protocol is $144,486,847.83. This all-time high is highest price paid for Spartan Protocol since it was launched.
Over the last 24 hours, the trading volume of Spartan Protocol is $26.16K.
The current circulating supply of Spartan Protocol is 88 million.
No, Spartan Protocol is not currently available on Coinbase, but you can sign up to get the latest news on Spartan Protocol and be notified when it gets added to our exchange.
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