Phase I - Project launch
Major achievements to date
Spartacus is the largest decentralized reserve currency protocol on Fantom network based on SPA token, which is backed by a basket of assets (Dai, SPA-DAI LP tokens etc). The backing assets provide an intrinsic value for SPA tokens.
Spartacus was launched as an OHM fork on Fantom, by a team of anon devs.
Oct 25, 2021 - Spartacus discord was created, the warmup phase for the fair launch.
Oct 31, 2021 - Liquidity Bootstrap Event (LBE) raised $300K Dai from 500 wallets at a price of 10 Dai/SPA. The LBE lasts for an hour.
- 140K Dai and 70 SPA were added to Spookyswap to provide liquidity at 20 Dai/SPA. All SLP tokens were bonded into treasury.
- 60K Dai was bonded into treasury
- 100K Dai was allocated for initial development work.
Nov 2, 2021 - Spartacus officially launched with (Λ, Λ), bonding, staking, and a full blown dashboard, the only treasury reserve protocols with all full metrics.
SPA was listed on coinmarketcap and coingecko within first 2 days
Nov 3, 2021- First couple of rebases delivered millions and tens of millions of APY.
SPA was tracked by debank, zapper.fi
Nov 4, 2021 - Spartacus reached $1.5M treasury and $4M total staked value in 48hrs since the launch.
Nov 5, 2021 - First community snapshot vote to rein in APY. Spartacus DAO governance started to come in shape.
Nov 7, 2021 - Spartacus was listed on Fantom Project page by Fantom Foundation.
Continued rapid growth of Spartacus protocols with $15M treasury and $15M total staked value.
Nov 8, 2021 - multi-sig was implemented to eliminate single point of failure.
Team plans to introduce 3rd party signers.
Nov 9, 2021 - all LBE liquidity was bonded into treasury. Protocols own 99+% liquidity.
The treasury held a $15.4M balance with 40,000% APY and 273 days runway.
SPA sits on a market cap of $17.3M.