Spartan Protocol is a DeFiprotocol built for liquidity and synthetic assets generation for Binance Smart Chain. The protocol wants all assets to be productive and liquid; therefore, it rewards tokens for the formation of liquidity pools. As per the whitepaper, the Spartan Protocol aims to allow the safe progress of synthetic assets lending markets.  Binance Smart Chain was chosen as the protocol's home to allow near-instant settlement and low gas fees. 

Spartan aims to solve the liquidity and synthetic assets problems. Current automated market maker (AMM) protocols are susceptible to price manipulation and value extraction from different agents, which penalizes liquidity providers. Also, current synthetic asset minting  protocols use illiquid markets to liquidate collateral. This liquidating of collateral reduces capital efficiency and makes the protocol vulnerable to price reductions. Spartan attempts to solve the problem via AMM protocol, but with the key difference of a single settlement asset and incentives to bootstrap liquidity. Spartan also seeks to solve the liquid creation of synthetic assets using collateralized pool shares instead of illiquid collateral. In addition, the underlying algorithm uses slip-based fees to drive value capture to liquidity providers. The platform links the assets to the pools so positions can be predictably priced and instantly liquidated.

Some of the features of the Spartan Protocol aim to be the following:

Spartan Protocol (SPARTA) is the native token of the platform. SPARTA is used as the common settlement asset in all pools and aims to provide an internal pricing mechanism without depending on external authorities. SPARTA is initially distributed via a process of proof of burn, where participants elect to destroy previous native assets in return for a share of SPARTA. In addition, SPARTA is required as the base asset and the collateral asset.

The fixed maximum total supply of Spartan Protocol (SPARTA) tokens is 300 million.

We update our Spartan Protocol to USD currency in real-time. Get the live price of Spartan Protocol on Coinbase.

The current market cap of Spartan Protocol is $12.443K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Spartan Protocol is $2.47. This all-time high is highest price paid for Spartan Protocol since it was launched.

Over the last 24 hours, the trading volume of Spartan Protocol is $156.20.

Assets that have a similar market cap to Spartan Protocol include Smilek to the Bank, Shirtum, Furucombo, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Spartan Protocol is 75 million.