| name | sperax-spa-staking |
| description | Guide to SPA token staking, veSPA governance, and xSPA rewards in the Sperax ecosystem. Covers lock mechanics, voting power, reward claiming, and governance participation. Use when explaining SPA tokenomics, helping users stake, or answering governance questions. |
| metadata | {"openclaw":{"emoji":"🔒","homepage":"https://docs.sperax.io"}} |
SPA Staking & Governance Guide
The Sperax governance system uses a vote-escrowed model: lock SPA to get veSPA, which gives governance voting power and protocol fee rewards.
Token Overview
SPA — Governance & Value Accrual
| Property | Detail |
|---|
| Chain | Arbitrum One |
| Address | 0x5575552988A3A80504bBaeB1311674fCFd40aD4B |
| Value accrual | 30% of USDs yield + 100% of protocol fees → buyback-and-burn |
| Also on | Ethereum: 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008 |
veSPA — Governance Power
Lock your SPA for 7 days to 4 years to receive veSPA:
veSPA = SPA × (lockup_days / 365)
- Minimum lock: 7 days
- Maximum lock: 4 years (1,461 days)
- Decay: veSPA decays linearly toward your lock expiry
- Rewards: 100% of USDs protocol fees + 420,000 xSPA/week
Example: Lock 1,000 SPA for 2 years → receive 2,000 veSPA (decaying over time)
xSPA — Reward Token
xSPA is the reward distributed to veSPA stakers weekly (Thursdays UTC).
| Option | What happens |
|---|
| Stake xSPA → veSPA | 1:1 ratio, but requires ≥180-day lock |
| Redeem xSPA → SPA | 0.5–1.0 SPA over 15–180 days |
Redemption formula:
Receivable SPA = (xSPA × (redeemDuration + 150)) / 330
- Redeem over 15 days → ~0.5 SPA per xSPA
- Redeem over 180 days → 1.0 SPA per xSPA
Staking Walkthrough
Step 1: Get SPA on Arbitrum
Buy SPA on Arbitrum One via any DEX (Camelot, Uniswap). If you have SPA on Ethereum, bridge it to Arbitrum first.
Step 2: Lock SPA → veSPA
- Go to app.sperax.io
- Navigate to the Staking section
- Choose lock duration (longer = more veSPA)
- Approve and lock SPA
Step 3: Earn Rewards
- Fees: Distributed weekly in USDs
- xSPA: 420,000 xSPA distributed weekly (per SIP-66)
- Claim: Visit the Staking page to claim accumulated rewards
Step 4: Manage xSPA
Choose to either:
- Stake into veSPA (1:1, but requires ≥180-day lock)
- Redeem to SPA (0.5–1.0 ratio based on vesting period)
Governance Process
Sperax uses a 4-phase governance model:
| Phase | Activity | Duration |
|---|
| Phase 0 | Discord ideation | Open-ended |
| Phase 1 | Forum SIP proposal | 48-hour discussion minimum |
| Phase 2 | Snapshot vote | 3 days, veSPA-weighted |
| Phase 3 | Engineering implementation | Varies |
Voting: Snapshot.org with veSPA weighting
- Quorum: 200M veSPA
- Passing: >50% Yes votes
Snapshot: https://snapshot.box/#/s:speraxdao.eth
Key Contracts (Arbitrum)
| Contract | Address |
|---|
| SPA | 0x5575552988A3A80504bBaeB1311674fCFd40aD4B |
| veSPA Proxy | 0x2e2071180682Ce6C247B1eF93d382D509F5F6A17 |
| xSPA | 0x0966E72256d6055145902F72F9D3B6a194B9cCc3 |
Agent Tips
When helping users with SPA staking:
- Emphasize the tradeoff: longer lock = more veSPA = more rewards, but less liquidity
- xSPA redemption: longer redeem period = better ratio (max 1:1 at 180 days)
- Check current APYs at app.sperax.io before recommending
- Governance requires veSPA — you must lock SPA first
Links
