Spar Protocol (SPAR)

Basics

• Based in:
• Started in / Announced on: 30-4-2021
• Testnet release:
• Mainnet release:
• Decentralized asset management platform
• From the introduction:

"At a high level, Spar is a decentralized pool management application on Terra that enables passive management of investor liquidity at promising rates of return and favorable fee models for active pool managers. An intuitive way to think of Spar is a decentralized hedge fund pool, similar to DHedge on Ethereum, where isolated liquidity pools of depositor assets rebalance and adjust based on the pool manager’s specific investment strategy or long-term thesis."

History

• From Terra's introduction article (30-4-2021):

"Spar’s team got involved with Terra quite early on when the community was still small

Token

Utility

• From Terra's introduction article (30-4-2021):

"The SPAR token, which has not been released yet, will function as Spar’s community governance, liquidity, and staking token. In the future, token holders can be the regulators of SPAR — making sure the pools are run without any malicious activity and be rewarded for maintaining the protocol. You can expect an airdrop for the SPAR token to LUNA stakers based on a historical snapshot once Spar Protocol goes live."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed here.

Implementations

• Built on: Terra, Mirror

How it works

• From Terra's introduction article (30-4-2021):

"There are no deposit or withdrawal restrictions for investors, meaning that investors can withdraw their funds from a selected pool at any time — significantly reducing counterparty risk.

Once a user deposits capital into a pool, the manager deploys the capital in the pool supplied from various investors to generate returns based on their strategy — the overall risk/reward for users transparent upfront. Since Terra and Mirror power Spar, investors can gain exposure to various asset classes within specific pools, including equities, commodities, ETFs, and more. Pool managers can even deploy the investor capital as an LP in DeFi protocols — generating passive returns from yield farming strategies."

Roadmap

• Can be found [Insert link here].

• From Terra's introduction article (30-4-2021):

"Spar’s plans for the rest of 2021 include:

1. Launch private testnet
2. Launch public testnet
3. Launch beta mainnet
4. Integration such as Anchor, AMM, Yield farming
5. UX improvements
6. Updated governance module"

Audits

• Bug bounty program can be found [insert here].

Competition

• dHedge

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• "At the time of writing, the Spar Protocol is a team of 10" (30-4-2021)
• Patrick Benske; Co-founder

Funding

• Orion Money; took part in the Private Farming raise of $70M TVL (12-8-2021).

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