San Francisco – (Business wire)-Investment platform Streetbeat is affiliated with Sperax, a 100% secured DeFi product that is market tested and offers a weekly yield of 11%. Sperax’s new automatic yield USD stablecoin allows investors on the Streetbeat platform to benefit from passive income without technical or financial expertise.
Unlike many stablecoins that are algorithm-based or suffer from off-chain and opaque matching, Sperax’s USD is fixed at USD, operated entirely on-chain, and has a continuous yield on the market. A fully cryptocurrency-backed stablecoin designed to overcome the situation.
Streetbeat CEO Damián Scavo commented: “The Streetbeat platform is designed to outperform the market by using its own automated trading strategy. Clients from the worst market downturn since 1937 since launching Streetbeat earlier this year. The S & P 500 has fallen by more than 14% in the last 6 weeks, but investors have collapsed significantly. We are pleased to be able to offer Sperax after deep due diligence. Sperax is prominent. Impressed by the support we receive from our investors and their vibrant community, the use of open source technology, and the visibility on the chain. Sperax Stablecoin is an available financial and digital asset. It will increase diversity and make the Streetbeat platform even more attractive to investors. “
Alec Shaw commented on growth at Sperax: “We are pleased to partner with Streetbeat. Thanks to the tens of thousands of investors registered on the Streetbeat platform, we have opened Sperax USD’s investment in automatic yield stablecoin to mainstream viewers. From stocks to cryptocurrencies. Up to that point, Streetbeat’s approach, which brings a variety of investment strategies and automated trading, is the perfect base for Sperax USD. This is the first automated yield Stablecoin. “
The main advantages of Sperax USD are:
100% secured: Sperax USD is currently 100% collateral in light of algorithmic vulnerabilities.The protocol currently holds USDC and USDT with a 100% collateral ratio
Continuous yield: The USD also offers yields in the bear market.Unlike other coins that rely on leverage, the USD is based on DeFi aggregators, other protocols, and reinvestments.
compatibility: Sperax USD is compatible with multiple blockchains to mitigate the risk of smart contacts and can be further utilized with other DeFi protocols
To invest in Sperax USD, investors need to download the Streetbeat app. The app also offers new customers a welcome and deposit bonus of up to $ 10,000.00. Streetbeat has raised $ 10 million and registered over 35,000 investors during the one-month beta launch.
Disclaimer: Streetbeat, LLC (“Streetbeat”) is an investment adviser registered with the SEC. Cryptocurrency trading and exchange services are provided by Streetbeat Digital LLC.Disclosures can be found at https://streetbeat.com/disclosure-library
Attention to editors
The pure algorithm stablecoin that has recently been in the news is not fully backed by cash or crypto collateral 1: 1. They rely on a continuous and ever-increasing demand for linked tokens to function properly.
Secured Stablecoin works in a radically different way. They maintain a peg to the dollar by using reserves that are fully backed by cash, cryptocurrencies, or cash equivalents. Sperax is currently 100% secured and holds USDC and USDT at a 100% collateral ratio.
Sperax USD Details: USD-White Paper and Recent Medium Posts
About street beats (Www.streetbeat.com)
Streetbeat, LLC (“Streetbeat”) is a SEC-registered investment adviser who launched the Streetbeat platform and app in 2022. Streetbeat is an easy-to-use investment and trading platform with a variety of investment strategies, from stocks and ETFs to cryptocurrencies and cryptocurrencies. Stable coin. Streetbeat is designed to combine professional data-driven strategies, automated trading algorithms, and access to hundreds of the world’s top stocks and major cryptocurrencies to provide outstanding returns on commission-free trading. I am.
About Damian Scava, the founder of Streetbeat
Streetbeat CEO and Founder Damian Scava is a successful serial entrepreneur who founded and succeeded in three startups in Europe and Silicon Valley. In addition to 20 years of experience in startups, he has 12 years of experience in algorithmic trading, high frequency trading and data trading, managing over 180 bank and hedge fund clients by the age of 22, 26, Europe. While working at the proprietary trading desk. He has written over 30 patents.
About Sperax (Www.sperax.io)
Sperax is a global technology company that uses blockchain technology to build modern money, and its mission is to build an equal and comprehensive blockchain-enabled society. Launched in 2020, the Sperax team consists of goal-oriented engineers, mathematicians, marketing specialists and designers. Sperax USD (USD) bridges the gap between experienced and novice crypto users by offering capital-efficient and scalable stablecoins that automatically generate organic yields.
1Streetbeat Digital LLC is not a bank. APY reflects the effective yield based on weekly compound interest. Yields are current as of May 20, 2022, but may vary.