Sperax Spa Staking

SPA Staking & Governance Guide

The Sperax governance system uses a vote-escrowed model: lock SPA to get veSPA, which gives governance voting power and protocol fee rewards.

Token Overview

SPA — Governance & Value Accrual

| Property | Detail | |----------|--------| | Chain | Arbitrum One | | Address | 0x5575552988A3A80504bBaeB1311674fCFd40aD4B | | Value accrual | 30% of USDs yield + 100% of protocol fees → buyback-and-burn | | Also on | Ethereum: 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008 |

veSPA — Governance Power

Lock your SPA for 7 days to 4 years to receive veSPA:

veSPA = SPA × (lockup_days / 365)

• Minimum lock: 7 days
• Maximum lock: 4 years (1,461 days)
• Decay: veSPA decays linearly toward your lock expiry
• Rewards: 100% of USDs protocol fees + 420,000 xSPA/week

Example: Lock 1,000 SPA for 2 years → receive 2,000 veSPA (decaying over time)

xSPA — Reward Token

xSPA is the reward distributed to veSPA stakers weekly (Thursdays UTC).

| Option | What happens | |--------|-------------| | Stake xSPA → veSPA | 1:1 ratio, but requires ≥180-day lock | | Redeem xSPA → SPA | 0.5–1.0 SPA over 15–180 days |

Redemption formula:

Receivable SPA = (xSPA × (redeemDuration + 150)) / 330

• Redeem over 15 days → ~0.5 SPA per xSPA
• Redeem over 180 days → 1.0 SPA per xSPA

Staking Walkthrough

Step 1: Get SPA on Arbitrum

Buy SPA on Arbitrum One via any DEX (Camelot, Uniswap). If you have SPA on Ethereum, bridge it to Arbitrum first.

Step 2: Lock SPA → veSPA

1. Go to app.sperax.io
2. Navigate to the Staking section
3. Choose lock duration (longer = more veSPA)
4. Approve and lock SPA

Step 3: Earn Rewards

• Fees: Distributed weekly in USDs
• xSPA: 420,000 xSPA distributed weekly (per SIP-66)
• Claim: Visit the Staking page to claim accumulated rewards

Step 4: Manage xSPA

Choose to either:

• Stake into veSPA (1:1, but requires ≥180-day lock)
• Redeem to SPA (0.5–1.0 ratio based on vesting period)

Governance Process

Sperax uses a 4-phase governance model:

| Phase | Activity | Duration | |-------|----------|----------| | Phase 0 | Discord ideation | Open-ended | | Phase 1 | Forum SIP proposal | 48-hour discussion minimum | | Phase 2 | Snapshot vote | 3 days, veSPA-weighted | | Phase 3 | Engineering implementation | Varies |

Voting: Snapshot.org with veSPA weighting

• Quorum: 200M veSPA
• Passing: >50% Yes votes

Snapshot: https://snapshot.box/#/s:speraxdao.eth

Key Contracts (Arbitrum)

| Contract | Address | |----------|---------| | SPA | 0x5575552988A3A80504bBaeB1311674fCFd40aD4B | | veSPA Proxy | 0x2e2071180682Ce6C247B1eF93d382D509F5F6A17 | | xSPA | 0x0966E72256d6055145902F72F9D3B6a194B9cCc3 |

Agent Tips

When helping users with SPA staking:

1. Emphasize the tradeoff: longer lock = more veSPA = more rewards, but less liquidity
2. xSPA redemption: longer redeem period = better ratio (max 1:1 at 180 days)
3. Check current APYs at app.sperax.io before recommending
4. Governance requires veSPA — you must lock SPA first

Links

• Sperax App: https://app.sperax.io
• Sperax Docs: https://docs.sperax.io
• Governance Forum: https://snapshot.box/#/s:speraxdao.eth
• SperaxOS: https://sperax.io

Source & license

This open-source skill is cataloged on AgentStack and links to its original source — we do not rehost the code.

• Author: Sperax
• Source: Sperax/sperax-skills
• License: MIT

Install and usage instructions live in the source repository linked above.