Wow, has it already been a few weeks since our last post? Time flies when you’ve been BUIDLing!

What have we been up to?

All the things! Since going live with our innovative Proof of Burn distribution model, we have emitted over 41 Million SPARTA to over 2,500 separate wallets and/or swap protocols. It appears Spartans are not afraid of trading their assets, with almost 25% currently sitting on Binance.

Spartans are also enjoying the liquidity rewards and swap + arbitrage opportunities provided in the Liquidity Pools, with around US$750k in volume at time of print, and US$21k of fees being shared amongst the liquidity providers.

Many Burn pool allocations are now completed, or close to completion, and remain open while the SP team continues to work towards their internal targets. We continue to stick to our guns in relation to pricing: no airdrops, no team allocation!

Tokenomics have been heavily discussed in Telegram and are also being discussed by the team, so don’t expect SP to just leave these burns open indefinitely. We recognise that the token burn has successfully minted a large volume of SPARTA into existence, but also recognise that market conditions are not conducive to continued burns at a previous valuation.

Great, so what’s new?

Quite a bit! As promised to the Spartan Protocol community, we are looking to continue implementing new features and functionality to our users on a regular basis, and as such we are proud to announce our fresh new User Interface for users of the Spartan Protocol Liquidity Pools, and Spartan Swap.

While functional, the existing page was far from our end-goal of providing one of the best Binance Smart Chain AMM experiences, so without further ado, meet our new Interface!

Swaps are simpler and cleaner, with a much cleaner view compared to the initial wire-frame page design implemented at launch.

As you can see, there is an immediate improvement in the view of all the existing pools, and we know you’ll be happy with the marked improvement to both the loading speed and Metamask connectivity. It’s like upgrading your internet from 28.8 BPS all over again.

Are we at a final state?

Of course not.

We will continue to iterate improvements on a regular basis and deploy them when they are ready, and we love any feedback, bug reports, improvement suggestions provided at GitHub.

翻译？переводчик?

Yes, we’re also making it easier for non-English language investors to be able to use our pools, by adding language selection at the top of the screen, like all high quality internationally-available dApps should do.

Important fields are done, and we will continue our regional translations so that important items such as FAQ’s are fully translated in the near future.

Spotted an error? These have been translated by a combination of community members and online translation tools, and we are more than happy for users to get on Github and add them, or if you’re not quite that tech-savvy, provide them to a friendly admin in TG.

So, what’s in my wallet?

We have heavily re-vamped the wallet view to give a much, much clearer view on each wallet’s LP position in each pool, and have plans to provide a much simpler position page in relation to your LP Shares very soon.

Symmetric and Asymmetric Liquidity Provision

We here at Spartan Protocol also recognise that there is still a great deal of confusion in the DeFi community in relation to the risks and benefits of staking your tokens asymmetrically. As such, users are aware that we disabled the ability for a user to add a defined amount of Asset + SPARTA into a pool, and restricted the front-end to allow a user to choose their preferred total amount of their paired asset, and have the SPARTA volume calculated where available in a symmetric manner.

A large warning was added for any user who wished to add a defined amount of an asset directly into a pool, in case users do not fully understand this feature.

Reminder for all Liquidity Providers: if you are not entirely sure of the risks related to Asymmetric Liquidity Provision, it is highly recommended that you both research AMM protocols or ask questions.

Want more Guides to how staking your asset and SPARTA function within the Spartan Protocol ecosystem? Not quite sure how your balances are changing from their initial stake to have more or less asset and SPARTA? We hear you, and we are working on some clear and simple documentation (and future enhancements) to help lessen the learning curve for those who are new to:

• Swap Protocols
• Liquidity Pools
• Staking
• Slippage
• AMM Protocols

.. and even if you just want to understand what is happening in your wallet when you add or remove liquidity.

All are welcome to join us in TG if you have any specific questions!

What’s next?

We are glad you asked.

The two major components of Spartan Protocol that we are looking to announce and promote imminently is our Earn dApp (allowing users to stake their Liquidity Tokens and acquire SPARTA tokens based on their position in the pools) and the Decentralised Autonomous Organisation (the SPARTAN DAO) which will allow for greater community governance.

• SPARTA yield is accrued per block on Binance Smart Chain (from an allocation of 200M as per the Spartan Protocol Whitepaper), and the APY will be greater than double the originally targeted APY of 35%.
• Earn is currently Live, with the feature slowly increasing the allocated rewards over a 30 day period: the fully active Emission Rewards will be active mid-November.
• Provide Governance as a part of the wider Spartan Protocol community

In order to deliver a high quality DAO experience, the UX has been a primary focus, but it is critical to remember that #BUIDL is a Spartan Protocol mantra.

We’re now able to iterate future UI and UX changes seamlessly, so expect a simple token-to-token swap interface and a revamped Liquidity Shares page to fully understand your fee earning positions in future.

We don’t consider this slick new interface as our end-point, not even close, especially with the great constructive feedback provided from behind the #shieldwall. We will continue to implement as many features as we can fit on a page.. while still keeping it looking good.

What about after that?

We continue working towards delivering all the features mentioned in our whitepaper, including lending, leverage and derivatives markets via synthetic asset generation.

SPARTAN PROTOCOL

A PROTOCOL FOR INCENTIVISED LIQUIDITY AND SYNTHETIC ASSETS ON BINANCE SMART CHAIN

https://twitter.com/SpartanProtocol
https://www.reddit.com/r/SpartanProtocol
https://github.com/spartan-protocol
https://t.me/SpartanProtocolOrg
https://medium.com/@spartanprotocol