Introduction
A quick summary of the Spartan Protocol
Spartan Protocol 101 na
Spartan Protocol is a liquidity pool-based protocol allowing token-agnostic liquidity.
Traders can swap between tokens using a liquidity-sensitive fee that provides a healthy revenue for LP Holders and a low-rate swap fee for DEX users
Ensure you are interacting with the Spartan Protocol via an official method.

The Basics

So, why Spartan Protocol?

A group of motivated Binance Community members saw the opportunity to develop a platform that takes advantage of the capability provided by the Binance Smart Chain ecosystem. A platform for the community with equal access and participation by all.
Core points about the ethos of the project:
  • The project is created by the community, for the community.
  • Individual token holders destroy their existing assets to acquire $SPARTA through a process referred to as Proof-of-Burn.
  • 30 Binance Chain projects selected to participate - with the intent to drive forward the adoption of Binance Smart Chain and to helpgrow the Binance Chain ecosystem.
  • The Protocol starts as decentralised as possible, with the intention of further decentralising as much as possible as the project matures.
  • The Protocol strives towards full automation, with no requirement for ongoing maintenance.
The Spartan Protocol can also facilitate the following features:
  • Synthetic Token Generation, stabilised and incentivised by Liquidity Pool capital generated by both User and Protocol.
  • Lending markets using a flexible peg-out of low-use pool capital.
  • Derivative activity, by entering or exiting a synthetic token position.
With synthetics and lending contracts, Spartan Protocol has combined many varied and popular aspects of the De-Fi landscape. We are utilising the best parts of other prominent and very successful protocols such as:
  • UniSwap ($UNI),
  • Thorchain ($RUNE),
  • Synthetix ($SNX),
  • MakerDAO ($MKR), and
  • Vader/VEther Protocol ($VETH)
The future of DeFi is right before your eyes.

Binance Smart Chain

Head over to the Binance Knowledge Base to learn more about the features and improvements that Binance Smart Chain introduced over the original Binance Chain.
Last modified 13d ago